What you’ll spend your time doing:
While there is rarely a ‘typical’ day as a Pricing Actuary, here’s a snapshot of some of the key parts of the job:

• Develop a strong working relationship with the other members of the Technical Pricing team, Underwriters, and teams under the Director of Underwriting Performance;

• Manage & develop members of the Insurance Pricing team within Technical Pricing;

• Lead the development and deployment of pricing models into our pricing platforms and ensure that models comply with the Technical Pricing Framework (“TPF”) and Pricing Policy;

• Analyse and interpret both external and internal data to create robust technical pricing models that support business objectives and improve underwriting profitability.

• Be the primary support to underwriters in actuarial & technical issues, including case pricing, renewal monitoring, Expected Loss Cost calculations and business planning, challenging where appropriate

• Support the Pricing leaders with governance / reporting up to management and board level committees (i.e. preparing concise communications to support technical analyses)

• Support the business and underwriters on other actuarial related matters such as Reserving and Internal Model parameterisation;

• Maintain and develop management information available for analysis and reporting;

• Liaise with other functions within the company such as Catastrophe Modelling and our IT colleagues in Pricing Modelling Development when required;

• Continue to develop professionally.

You’re going to enjoy this job if you also…

• Excel at leading and developing actuarial talent.

• Have an entrepreneurial mindset and like operating in a results-focused business

• Possess a meticulous eye for detail and have a passion for problem-solving.

• Communicate complex actuarial concepts in simple, clear language.

• Enjoy collaborating with underwriters, actuaries, and model developers to drive results. 

• Have a drive for implementing change and improvements to models and processes.

What you’ll need:

For this particular role there are some important qualifications and experience we need you to have. These include:

Core skills:

• Experience in Insurance Actuarial roles, with significant exposure to Lloyds & London Market Pricing and a deep understanding of market best practices.

• Proven ability to work with complex data, statistical analysis, and actuarial modelling, ideally with a track record of developing and overseeing pricing models.

• Experience interpreting Catastrophe modelling outputs and integrating these into pricing decisions.
  Experience in developing high talent

• Have a real skill and affinity for working with numbers, being in a role involving statistical analysis, or working towards an actuarial or similar qualification.

• Excellent communication skills (both oral and written) including capacity to manage dialogue with senior stakeholders in the business.

• Effective time management skills and the ability to work well under pressure.

Advantageous skills:

• A talent to think laterally in order to develop solutions to support the continued improvement of services by the Technical Pricing team.

• Ideally a qualified member of the Institute & Faculty of Actuaries or similar.

• Experience of and comfortable using programming languages such as SQL, Python and VBA.

• A grounding in a numerical subject, such as an undergraduate degree in Mathematics.

We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!

What Can You Expect From Us?

• Competitive Base Salary
• Performance Related Discretionary Bonus
• Holiday: 28 days core annual leave, and you can buy up to 5 days
• Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
• Private Medical: cover for yourself. Family members/dependants can be added.
• Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits. 
• Life Assurance: 5 x annualised base salary
• Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1. 
• Continuous Learning Approach: Including study support with professional qualifications.
• Employer Supported Volunteering: 3 days volunteering leave.
• Annual health screening
• Give as you earn
• Cycle to work
• Season ticket loan
• Green car scheme  
• Retail discount platform

About MS Amlin

MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD.  We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.

This role is in our Lloyd’s business

Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world.  We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.