Head of Commercial Pricing

Innovation Group; Greater London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An innovative firm is seeking a Head of Commercial Pricing to lead a newly formed team within its actuarial department. This pivotal role involves enhancing Ki's strategic approach through creative actuarial insights and data analysis. As a key player in the Actuarial Leadership Team, you will oversee all pricing activities for Ki’s insurance and reinsurance portfolio, while fostering relationships with underwriters and senior management. If you are passionate about using innovative techniques to drive commercial success and thrive in a diverse and inclusive environment, this could be the perfect opportunity for you.

Benefits

Highly Competitive Remuneration

Benefits Package

Recognition and Rewards for Efforts

Qualifications

• Proven experience as a senior actuary with a focus on pricing and strategy.
• Ability to lead and develop a pricing team effectively.

Responsibilities

• Lead the newly created Commercial Pricing team and enhance pricing strategies.
• Build relationships with underwriters and contribute to strategic decisions.

Skills

Actuarial Insight

Data Science

Creative Thinking

Commercial Strategy

Risk Selection

Education

Actuarial Science Degree

Relevant Professional Qualifications

Job description

Who are we?

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Purpose of the Role

As Head of Commercial Pricing, you will play a fundamental role in the actuarial team, enhancing Ki’s commercial and strategic approach using creative actuarial insight across pricing, planning, partner relationships and strategic commercial projects. As a member of the Actuarial Leadership Team, you will work closely with the Actuarial Director to manage and develop the Pricing team.

We are looking for an experienced senior actuary to lead and shape the newly created Commercial Pricing team, part of the wider Ki Actuarial Team, formed in 2024 as part of Ki becoming a standalone entity (from Brit) within Fairfax Group. This role will take ownership of all pricing activity of Ki’s insurance and reinsurance portfolio outside of the Algorithm; a growing book of Property, Speciality and Casualty Insurance facilities and Casualty Treaty business. In addition to core pricing work of case pricing and model development, the wider ambition for this role includes building relationships with underwriters and senior management, feeding into risk selection decisions and strategic direction, and ultimately being a key business partner to the underwriting, reserving, Portfolio Management and Algorithmic Underwriting teams.

If you are a creative thinker eager to use innovative techniques, data science and analysis to enhance commercial insight for the business, this could be the role for you.

Our culture

Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

If this sounds like a role and a culture that appeals to you, let us know.