Senior Pricing Actuary

At Zego, we know that traditional motor insurance holds good drivers back. It’s too complicated, too expensive, and it doesn't take into account how well you actually drive. 

That’s why, since 2016, we’ve been on a mission to change all of that. Our mission at Zego is to offer the lowest priced insurance for good drivers.

From van drivers and gig workers to everyday car drivers, our customers are our driving force — they’re at the heart of everything we do.

We’ve sold tens of millions of policies so far, and raised over $200 million in funding. And we’re only just getting started.

Who we're looking for

We are looking for a Senior Pricing Actuary to be a pivotal contributor to our Pricing, Tooling, and Modelling team. This role involves building sophisticated risk, demand, and market models, conducting rigorous analyses, and providing actionable insights to optimise our insurance pricing strategies. 

Key Responsibilities

• Develop, refine, and validate risk, demand, and market models using advanced statistical techniques and actuarial methods
• Integrate telematics and other novel data sources to enhance pricing sophistication
• Collaborate with the technical pricing, street pricing, and product teams to implement pricing changes and ensure alignment with business objectives
• Ensure robust model validation, back-testing, and continuous model improvement
• Communicate complex data concepts and model outcomes to technical and non-technical stakeholders through clear data storytelling

Required Skills

• Education: Bachelor’s or Master’s degree in Statistics, Mathematics, Actuarial Science or related field
• Experience: Proven experience in UK non-life insurance technical pricing and modelling, with a strong focus on model development
• Technical Skills:
• Pricing Tooling: Hands-on experience with  Akur8, Emblem or similar pricing modelling tools
• Statistical Methodology: In-depth knowledge of GLMs and other machine learning algorithms
• SQL: Some knowledge of SQL, particularly with cloud data warehouses like Snowflake
• Software Engineering: Some experience with version control systems (e.g., git)
• Soft Skills: 
• Excellent communication skills, with an ability to translate complex model results into actionable business insights
• Proven project management skills with the ability to manage multiple priorities

Nice To Have

• Strong Python programming skills, familiarity with data science libraries such as pandas and scikit-learn
• Experience with cloud-based environments (e.g. AWS)
• Telematics Data: Familiarity with telematics data and its integration into pricing models
• Experience in UK motor insurance

What’s it like to work at Zego?

Joining Zego is a career-defining move. People go further here, reaching their full potential to achieve extraordinary things. 

We’re spread throughout the UK and Europe, and united by our drive to get things done. We’re proud of our company and our culture – a friendly and inclusive space where we can lift each other up and celebrate our wins every day.

Together, we’re setting the bar higher, delivering exceptional work that makes a difference. Our people are the most important part of our story, and everyone here plays a role. There’s loads of room to learn and grow, and you’ll get the freedom to steer your career wherever you want.

You’ll work alongside a talented group who embrace each other's differences and aren’t afraid of a challenge. We recognise our achievements, learn from our mistakes, and help each other to be the best we can be. Together, we’re making insurance matter. 

How we work

We believe that teams work better when they have time to collaborate and space to get things done. We call it Zego Hybrid.

Our hybrid way of working is unique. We don't mandate fixed office days. Instead, we foster a flexible approach that empowers every Zegon to perform at their best. We ask you to spend at least one day a week in our central London office. You have the flexibility to choose the day that works best for you and your team. We cover the costs for all company-wide events (3 per year), and also provide a separate hybrid contribution to help pay towards other travel costs. We think it’s a good mix of collaborative face time and flexible home-working, setting us up to achieve the right balance between work and life.

Benefits

We reward our people well. Join us and you’ll get a market-competitive salary, private medical insurance, company share options, generous holiday allowance, and a whole lot of wellbeing benefits. And that’s just for starters.

We’re an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, national origin, gender, sexual orientation, age, marital status, or disability status.