Role: Senior Pricing Actuary (full time or part time)

Location: London - Hybrid

Position: Full time or part time, permanent

If you love and understand financial risk – Assessing it. Evaluating it. Managing it. Advising on it. – You’ll fit right in. 

The purpose of this role is to join our Pricing Actuaries in providing the analytical and pricing support required by the MS Amlin Insurance Division. As a Senior Pricing Actuary, you will also take on a key leadership role by mentoring and coaching the existing team, fostering their professional development while ensuring the delivery of high-quality pricing solutions that align with the company’s goals.

The Senior Pricing Actuary role will be part of a team of sixteen (and a wider Actuarial team of forty), providing coverage for Insurance businesses across Casualty, Crisis Management, Marine, Natural Resources and Property & Allied lines. The successful candidate will report to the Head of Insurance Pricing.

We are happy to consider this role on either a full time or part time basis

About The Job

What you’ll spend your time doing:  

As a Senior Pricing Actuary, you’ll be at the forefront of pricing strategy and actuarial leadership. While no two days are alike, here’s a snapshot of some key responsibilities:

• Develop and maintain strong working relationships with the other members of the Technical Pricing team, Underwriters, and departments reporting to the Chief Actuary.

• Be a key lead and mentor the Insurance Pricing team within Technical Pricing, fostering professional development and expertise.

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

• Take ownership of the development, validation, and deployment of complex pricing models into our pricing platforms, ensuring full compliance with the Technical Pricing Framework (TPF) and Pricing Governance Policy.

• Drive change and continuous improvements across the pricing team, ensuring that processes, models, and strategies evolve to meet business needs and industry best practices.

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

• Act as the primary actuarial advisor to underwriters, providing expertise on case pricing, Expected Loss Cost calculations, renewal monitoring, and business planning while challenging assumptions where necessary.

• Collaborate with the business and underwriters on other actuarial matters, including reserving, Internal Model parameterization, and risk selection, ensuring alignment with overall business strategy.

• Provide critical insights in Pricing Portfolio Reviews, offering independent opinions on the quality of risks written to optimise portfolio profitability.

• Ensure the accuracy, development, and utilization of management information for analysis and reporting purposes.

• Work cross-functionally with teams such as Exposure Management, Portfolio Management, and IT in Pricing Model Development.

• Stay up to date with industry developments and continuously advance both yours and the team’s actuarial expertise.

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 senior actuarial role, the following qualifications and experience are essential:

Core skills: 

• Extensive 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.

• Strong communication skills, both written and verbal, with the capacity to engage and influence senior stakeholders across the business.

• Excellent time management skills and an ability to manage competing priorities under pressure.

• Proficiency in at least one programming language such as SQL, Python, R, and VBA.

Advantageous skills: 

• A creative and analytical mindset to develop innovative solutions and enhance the Technical Pricing team’s offerings.

• Qualified member of the Institute & Faculty of Actuaries (IFoA) or equivalent actuarial body

• Demonstrated ability to lead complex projects, delivering results that align with strategic business objectives.

What you can 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.

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