Actuary

Job Description

Overview

Job role: Pricing Actuary

Salary: £100k - £120k + 15% performance bonus

Working location: Hybrid – 2 days per month in our Milton Keynes office. Flexibility is required, as additional office days may occasionally be needed.

Employment type: Full time, Permanent

Job summary:

Join NHBC’s Actuarial Pricing Team and play a key role in shaping how we price our insurance products. You’ll own key pricing models and provide the actuarial insight that underpins business planning, reinsurance, and underwriting decisions. This is a fantastic opportunity for a qualified Actuary who enjoys technical modelling but also thrives on collaboration, communication, and driving improvements across pricing and underwriting.

What you’ll be doing:

• Own, maintain, and develop NHBC’s core pricing models across several product areas, ensuring they provide robust inputs to business planning and performance monitoring.
• Lead actuarial analysis to recommend rate changes and influence strategic pricing decisions.
• Present results, findings and recommendations to senior stakeholders and the Pricing Committee.
• Expand the suite of modelling tools to improve underwriting / pricing decision-making across the business.
• Propose changes to NHBC’s outward pricing, challenging existing thinking.
• Expand the range of modelling techniques used by the Actuarial Pricing Team to predict costs / enhance insight.
• Work closely with the Reserving Team to align assumptions, strengthen feedback loops, and ensure consistency in loss ratio views.
• Broaden the Pricing Team’s contribution to NHBC’s business plan including support for new product launches and product changes.
• Working with the Business Insights Team, develop a suite of metrics to monitor exposure / portfolio performance.
• Undertake reviews of Underwriting’s pricing of individual complex / large scale projects.
• Help mentor and develop junior analysts, with potential for line management responsibilities over time.

What we’re looking for:

• Qualified Actuary (IFoA or equivalent) with extensive actuarial pricing experience.
• Strong technical modelling skills. GLMs essential, with knowledge of R or Python.
• Excellent analytical and problem-solving skills, with great attention to detail.
• Confident communicator who can explain complex concepts clearly to non-technical audiences.
• Proven ability to manage multiple priorities and collaborate effectively across teams.
• Background in general insurance (personal lines or London Market experience a plus).
• A proactive, open-minded approach; someone who enjoys challenging the norm and improving how things are done.

What we offer

Our benefits package includes:

• 27 days annual leave + bank holidays
• holiday purchase scheme
• enhanced pension scheme (up to 10.5%)
• life assurance
• subsidised private medical insurance
• employee discounts platform
• two days volunteer leave
• enhanced maternity, paternity, adoption leave and pay for all new parents

+ many more!

Who we are

At NHBC, we pride ourselves on being truly unique. No other organisation in our sector matches the range of services and scale we provide. As the market leader, we are recognised as the go-to for new home warranties and insurance. Our team is united by a core purpose: to raise the standards of house building and protect homeowners.

Why you should join us

As a modern, family-friendly employer, we’re in a phase of rapid growth, embracing technology, data and new ways of working. We’re seeking passionate, skilled and driven individuals to join us on this exciting journey.

Once onboard, you’ll have access to fantastic opportunities for personal and career growth. You’ll receive thorough training, continuous development and the chance to earn recognised qualifications and professional memberships to support your journey.

We support flexible working and encourage our colleagues to find a balance that suits them. While we may not be able to accommodate every request, we’re always happy to have a conversation about flexible working arrangements.

Our inclusive culture

We are dedicated to fostering an inclusive culture where everyone feels empowered to bring their authentic selves to work. We firmly believe in the right of all our employees and customers to be treated fairly, with dignity and respect, and free from discrimination. Our active employee networks support colleagues and their allies, providing safe spaces for open conversations and idea-sharing.

#li-hybrid