Insurance Pricing Actuary

4 weeks ago

London, Greater London, United Kingdom MS Amlin Ltd Full time
Role: Insurance Pricing Actuary

Location: London

Position type: Full 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 meeting the analytical and pricing support required by the MS Amlin Insurance Division.

The Pricing Actuary role will be part of a team of sixteen (and a wider Technical Pricing team of twenty four people), providing coverage for Insurance businesses across Casualty, Crisis Management, Marine, Natural Resources and Property. The primary focus will be to Marine and Crisis Management subdivisions which corresponds to over £365m of gross premium.

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:
  • Develop a strong working relationship with the other members of the Technical Pricing team, Underwriters, and teams under the Director of Underwriting Performance;
  • Develop members of the Insurance Pricing team within Technical Pricing;
  • Lead the development and deployment of pricing models into our pricing platforms and ensure that models comply with the Technical Pricing Framework ("TPF") and Pricing Policy;
  • Analyse external and internal data to build and validate technical pricing models;
  • Be the primary support to underwriters in actuarial & technical issues, including case pricing, renewal monitoring, Expected Loss Cost calculations and business planning, challenging where appropriate;
  • Support the business and underwriters on other actuarial related matters such as reserving and Internal Model parameterisation;
  • Work with management to monitor and improve the performance of the business, for example in the Pricing Portfolio Reviews giving an independent opinion on the quality of the risks written so as to directly improve the bottom line;
  • Maintain and develop management information available for analysis and reporting;
  • Liaise with other functions within the company such as Catastrophe Modelling and our IT colleagues in Pricing Modelling Development when required;
  • Continue to develop professionally.
You're going to enjoy this job if you also...
  • Enjoy developing high talent in an Actuarial team
  • Have an exceptional eye for detail
  • Are a strong problem solver
  • Can explain complex data in simple terms
  • Enjoy working with other actuaries, underwriters and model developers.
What you'll need:

For this particular role there are some important qualifications and experience we need you to have. These include:

Core skills:
  • Experience in Insurance Actuarial employment, having completed a number of cycles and so have a clear understanding of what good and great practice looks like.
  • Experience in developing high talent
  • Have a real skill and affinity for working with numbers, being in a role involving statistical analysis, or working towards an actuarial or similar qualification.
  • Excellent communication skills (both oral and written) including capacity to manage dialogue with senior stakeholders in the business.
  • Effective time management skills and the ability to work well under pressure.
Advantageous skills:
  • A talent to think laterally in order to develop solutions to support the continued improvement of services by the Technical Pricing team.
  • Ideally a qualified member of the Institute & Faculty of Actuaries or similar.
  • Experience of and comfortable using programming languages such as SQL, Python and VBA.
  • A grounding in a numerical subject, such as an undergraduate degree in Mathematics.
What you can expect from us:

A competitive salary and benefits package is a given, but you can also expect:
  • A flexible working environment, established long before COVID19 with hybrid and agile working part of our core practices.
  • A great team and supportive colleagues with a broad spectrum of experience and backgrounds.
  • A strong focus on diversity, inclusion and equal opportunities as demonstrated by team representation on MS Amlin's Inclusion Advisory Board.
  • An open mind (especially to new ideas and ways of doing things)
  • A programme of wellbeing and mental health support
  • Employer-supported volunteering (ESV)
  • Continuous learning
  • Structured career development
About Ms Amlin

MS Amlin is part of a global top-10 insurance group, MS&AD. We're made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.

Conduct Rules

With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:
  • Act with integrity
  • Act with due care, skill and diligence
  • Be open and co-operative with the FCA, PRA and other regulators
  • Pay due regard to the interests of customers and treat them fairly
  • Observe proper standards of market conduct assessed on an annual basis
#LI-MSAUL

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