Senior UK Risk Manager: Underwriting & Pricing (Remote)

Animal Friends Pet Insurance Ltd; Greater London; Hybrid; GBP 70,000 - 85,000; Full time

Benefits offered by this job

25 days holiday

Life assurance

Private medical insurance

Employee benefits package

Job summary

Doubtless Pet Care is seeking a UK Senior Risk Manager to oversee underwriting and pricing risk, reporting to senior committees, and ensuring robust risk frameworks to support sustainable growth and regulatory compliance.

Based remotely with some London office presence, the role focuses on risk oversight, developing risk appetite frameworks, and providing independent challenge to underwriting and pricing teams while upholding Consumer Duty and good customer outcomes.

Qualifications

• Recognised Risk Management qualification, Actuarial qualification and / or a recognised professional qualification e.g. ACA, ACMA, ACCA, IIA, CIP, LLP.
• Strong knowledge of insurance underwriting principles, pricing methodologies, and risk management frameworks.
• Proven experience in a senior risk role within the UK insurance market, ideally personal lines.
• Familiarity with Solvency II, FCA/PRA regulations, and risk appetite frameworks.
• Ability to apply risk appetite and tolerance to underwriting and pricing decisions.
• Excellent analytical, communication, and stakeholder management skills.
• Professional qualifications such as IRM, CII, or actuarial credentials are highly desirable.
• Experience in embedding regulatory standards into risk frameworks.
• Experience with controls improvement reviews or implementation of new frameworks relating to underwriting and pricing.
• Excellent ability to influence and challenge senior stakeholders constructively.
• Skilled in presenting risk insights to boards and committees.
• Proficiency in risk systems and tools (e.g., risk registers, dashboards).
• Familiarity with actuarial software and data analytics tools (e.g., Excel, SQL, or Python for risk analysis).

Responsibilities

• Provide independent risk oversight, challenge and advice across underwriting, pricing and reserving activities.
• Support the development, implementation and ongoing monitoring of the risk appetite framework, ensuring compliance with risk tolerances, regulatory requirements and Group standards.
• Maintain effective risk management policies and frameworks, embedding Consumer Duty principles and delivering good customer outcomes.
• Lead risk assessments and control reviews across underwriting, actuarial and pricing functions, including oversight of the Risk & Control Self-Assessment (RCSA) process.
• Monitor emerging risks, market developments and portfolio performance, providing effective challenge and recommendations to mitigate risk exposures.
• Partner with underwriting, actuarial, finance and compliance teams to support product development, pricing decisions and a holistic approach to risk management.
• Produce risk reporting and insights for senior management, committees, boards and regulators, including contributions to ORSA, SFCR, capital adequacy and solvency monitoring activities.
• Provide risk oversight and challenge through key governance forums, including underwriting, pricing, reserving and conduct committees.
• Promote a strong risk culture through training, awareness initiatives and the consistent application of risk management practices across the organisation.
• Support the management and oversight of financial and non-financial risks, including ESG and climate-related risks.

Skills

Risk management

Underwriting principles

Pricing methodologies

Regulatory compliance

Analytical skills

Stakeholder management

Communication skills

Influencing stakeholders

Risk reporting

Data analytics tools

Education

Risk Management qualification

Actuarial qualification

ACA/ACMA/ACCA/IRM/CII or equivalent

Tools

Excel

SQL

Python

Job description

Doubtless Pet Care is seeking a UK Senior Risk Manager to oversee underwriting and pricing risk, reporting to senior committees, and ensuring robust risk frameworks to support sustainable growth and regulatory compliance.

Based remotely with some London office presence, the role focuses on risk oversight, developing risk appetite frameworks, and providing independent challenge to underwriting and pricing teams while upholding Consumer Duty and good customer outcomes.