Pricing Actuary

Location:
London

Contract Type:
Permanent

Work Pattern:
Full Time and Hybrid

About The Job
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 providing the analytical and pricing support required by the MS Amlin Insurance Division. As a Pricing Actuary, you will also take on a key senior role by mentoring and coaching the existing team, fostering their professional development while ensuring the delivery of high-quality pricing solutions that align with the company's goals.

The Pricing Actuary role will be part of a team of thirteen (and wider Pricing team of twenty-four), providing coverage for Insurance businesses across Casualty, Crisis Management, Marine, Natural Resources and Property & Allied lines.

What you'll spend your time doing:
As a Pricing Actuary, you'll be at the forefront of supporting Underwriting with data-driven insights.

While no two days are alike, here's a snapshot of some key responsibilities:

• Develop and maintain strong working relationships with the other members of the Pricing team, Underwriters, and departments reporting to the Chief Actuary.
• Take responsibility for classes of business, being the point of contact to Underwriting teams.
• Be a key mentor in the Insurance Pricing team within Technical Pricing, fostering professional development and expertise.
• Support the Pricing leaders with governance / reporting up to management and board level committees (i.e. preparing concise communications to support technical analyses)
• Take ownership of the development, validation, and deployment of complex pricing models into our pricing platforms, ensuring full compliance with the Technical Pricing Framework (TPF) and Pricing Governance Policy.
• Drive change and continuous improvements across the pricing team, ensuring that processes, models, and strategies evolve to meet business needs and industry best practices.
• Analyse and interpret both external and internal data to create robust technical pricing models that support business objectives and improve underwriting profitability.
• Act as the primary actuarial advisor to underwriters, providing expertise on case pricing, Expected Loss Cost calculations, renewal monitoring, and business planning while challenging assumptions where necessary.
• Collaborate with the business and underwriters on other actuarial matters, including reserving, Internal Model parameterization, and risk selection, ensuring alignment with overall business strategy.
• Provide critical insights in Pricing Portfolio Reviews, offering independent opinions on the quality of risks written to optimise portfolio profitability.
• Ensure the accuracy, development, and utilization of management information for analysis and reporting purposes.
• Work cross-functionally with teams such as Exposure Management, Portfolio Management, and IT in Pricing Model Development.
• Stay up to date with industry developments and continuously advance both yours and the team's actuarial expertise.

You're going to enjoy this job if you also:

• Excel at mentoring and partnering with actuarial talent.
• Have an entrepreneurial mindset and like operating in a results-focused business
• Possess a meticulous eye for detail and have a passion for problem-solving.
• Communicate complex actuarial concepts in simple, clear language.
• Enjoy collaborating with underwriters, actuaries, and model developers to drive results.
• Have a drive for implementing change and improvements to models and processes.

What you'll need:
For this Pricing role, the following qualifications and experience are essential:

Core skills:

• Extensive experience in Insurance Actuarial roles, with significant exposure to Lloyds & London Market Pricing and a deep understanding of market best practices.
• Proven ability to work with complex data, statistical analysis, and actuarial modelling, ideally with a track record of developing and overseeing pricing models.
• Strong communication skills, both written and verbal, with the capacity to engage and influence senior stakeholders across the business.
• Excellent time management skills and an ability to manage competing priorities under pressure.
• Proficiency in at least one programming language such as SQL, Python, R, and VBA.

Advantageous skills:

• A creative and analytical mindset to develop innovative solutions and enhance the Technical Pricing team's offerings.
• Qualified member of the Institute & Faculty of Actuaries (IFoA) or equivalent actuarial body
• Demonstrated ability to lead complex projects, delivering results that align with strategic business objectives.
• Experience interpreting Catastrophe modelling outputs and integrating these into pricing decisions.

We are stronger together because of our common interests and rich differences. You may be the strength we didn't know we needed. Believe in yourself, and click apply today
What Can You Expect From Us?
As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin

Hybrid Working
At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.

About MS Amlin
MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd's of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.

We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.