Head of Commercial Pricing

JR United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

Join a pioneering firm that is revolutionizing the insurance industry with cutting-edge technology and data science. As the Head of Commercial Pricing, you will lead a newly formed team, driving innovative pricing strategies and enhancing commercial insights. This role offers the opportunity to collaborate with cross-functional teams, influence strategic decisions, and contribute to a culture that values diversity and inclusion. If you are a creative thinker with a passion for actuarial science and data analysis, this position could be your next big step in a fast-paced, dynamic environment.

Benefits

Highly competitive remuneration

Comprehensive benefits package

Recognition and rewards for extraordinary effort

Qualifications

• Proven experience in actuarial pricing and risk assessment.
• Strong analytical skills with a focus on data-driven decision making.

Responsibilities

• Lead and shape the Commercial Pricing team within the actuarial department.
• Enhance pricing strategies and partner relationships using innovative techniques.

Skills

Actuarial Science

Data Analysis

Pricing Strategy

Risk Management

Education

Fellowship in Actuarial Science

Bachelor's Degree in Mathematics or Statistics

Tools

Statistical Software

Data Visualization Tools

Job description

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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.