Pricing Actuary

MS Amlin; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance firm is seeking a Pricing Actuary to enhance automated underwriting processes. The ideal candidate will have actuarial qualifications, expertise in pricing, and the ability to work collaboratively with underwriters and management. This role offers a competitive salary, a dynamic international environment, and opportunities for personal growth.

Benefits

Competitive salary and benefits

Continuous learning

Wellbeing programs

Flexible working arrangements

Qualifications

• Actuarially Qualified or Nearly Qualified.
• Strong technical skills with data, including SAS, VBA, Python.
• Experience in the London Reinsurance Market.

Responsibilities

• Develop strong relationships with Underwriters and senior management.
• Manage development and testing of pricing models.
• Analyze integrated pricing models and potential portfolio tenders.

Skills

Actuarial Pricing Expertise

Technical skills with data

Interpersonal skills

Attention to detail

Education

Actuarially Qualified or Nearly Qualified

Tools

SAS

VBA

Python

VB.Net

SQL

Advanced Excel

Job description

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We’re looking for a qualified or nearly-qualified Pricing Actuary with experience in automated/digital underwriting distribution.

As an insurance firm, we simply couldn’t function without our highly valued actuaries. Through your in-depth knowledge of maths, statistics, and the complexities of our industry, you ensure we understand, balance, and control risk. This is a role that is at the heart of everything we do.

About The Job

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:

• Developing a strong working relationship with Underwriters, the senior management team, and Underwriting Management;
• Managing and/or assisting in the development, maintenance & testing of models, acting as the first point of contact for underwriting clients;
• Analyzing the performance of current integrated pricing models and potential portfolio tenders;
• Acting predominantly as the interface for the AISE UK Digital business regarding Actuarial Pricing and supporting digital developments across AISE;
• Working closely with the AISE Pricing team and underwriters to ensure consistency of pricing models and collaborative project delivery.

On a monthly basis:

• Update mix analyses and rate movement on all e-trade products;
• Quote conversion analysis on Fleet (when complete).

Quarterly, you will:

• Conduct Standard Formula Catastrophe Risk Exercises, providing CAT exposures for Fleet;
• Project ULR on fleet business ahead of quarterly reserving meetings;
• Review business performance, including impact analyses on rating changes.

Annually:

• Assist with Q1 Reinsurance renewal for Fleet by providing exposure and claims summaries.

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

Enjoy advising on pricing, models, and management information development, working with underwriters and senior management, and collaborating across international teams.

What you’ll need:

Key qualifications and experience include:

• Actuarially Qualified or Nearly Qualified;
• Actuarial Pricing Expertise in Fleet, Commercial Package & Agricultural Vehicle classes;
• Strong technical skills with data, including SAS, VBA, Python, VB.Net, or SQL;
• Experience in the London Reinsurance Market;
• Advanced Excel skills;
• Good interpersonal and communication skills;
• Attention to detail, proactive, flexible, and adaptable.

What you can expect from us:

A competitive salary and benefits, continuous learning, a supportive team, wellbeing programs, and a dynamic international environment fostering entrepreneurship and personal growth.

About MS Amlin and MS AISE

MS Amlin, part of MS&AD, is a global insurance group with expertise in underwriting and claims management. We are modernizing and transforming our business, seeking entrepreneurial thinkers to help shape our growth. We offer flexible working arrangements and attractive benefits.

MS AISE is a longstanding local specialty insurer focused on providing knowledge-based and efficient services to commercial clients, leveraging digital initiatives to enhance our offerings.