MS AISE Pricing Actuary (UK)
London
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;
-
Analysing the performance of current integrated pricing models and potential portfolio tenders;
-
Acting predominantly as the interface for the AISE UK Digital business with regards to Actuarial Pricing and to support where needed the Digital developments across AISE.
-
Work closely with the rest of the AISE Pricing team and AISE underwriters to ensure consistency of pricing models were possible, and that projects are delivered in a collaborative manner.
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:
- Standard Formula Catastrophe Risk Exercise – providing CAT exposures for Fleet in prescribed template on a quarterly basis.
- ULR projection on fleet business ahead of quarterly reserving meetings.
- Performance review of the business, including impact analyses on rating changes made (monitoring is ongoing and happens more often than quarterly)
On annual basis you will:
- Q1 Reinsurance renewal for Fleet – work with underwriter to provide fleet exposure and claims in summary document and questionnaire template provided by reinsurance broker.
You’re going to enjoy this job if you also…
-
Like to advice on pricing, model and management information development by using familiarity with business unit classes, markets and models.
-
Like to work with Underwriters as well as senior management.
-
Like to work in an international capacity (with our Amstelveen office and mostly interacting with London team).
What you’ll need:
For this particular role there are some important qualifications and experience we need you to have. These include:
-
Actuarially Qualified or Nearly Qualified
-
Experience in automated/digital underwriting distribution
-
Actuarial Pricing Expertise required in the following classes:
-
Fleet, Commercial Package & Agricultural Vehicle
-
-
To be able to work with data therefore therefore strong technical skills is required i.e SAS (or eventually VBA knowledge or python, VB.Net or SQL)
-
Good working knowledge on programming
-
Experience in London Reinsurance Market underwriting classes and environment
-
Advanced knowledge of Excel
-
Good interpersonal and communication skills
-
Attention to detail, proactive, flexible and adaptable.
What you can expect from us:
A competitive salary and benefits package is a given, but you can also expect:
-
Continuous learning and development opportunities.
-
A great team and supportive colleagues
-
A programme of wellbeing and mental health support
-
Flexible working
-
Structured career development.
-
Working in a dynamic, growing and international company.
-
Working in a role with a particular focus on entrepreneurship, initiative and personal development.
About MS Amlin and MS AISE
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
We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure. Our claims service aims for equality, with efficient, fair and timely claims management.
We’re going through an exciting period of modernisation and transformation for which we need entrepreneurial thinkers to help execute our strategic vision for growth. We’re on a dynamic path and we need you to help shape it.
MS Amlin is committed to taking a flexible approach to working, with a Work Life Better scheme to allow our employees more control over when and where they work, while continuing to meet our client demands. This flexible approach continues into our benefit scheme, with a competitive package and attractive lifestyle fund.
MS AISE is a long standing local specialty insurer, providing knowledge based and efficient service propositions to commercial clients. Our strategy is ‘to provide efficient knowledge-based service propositions to our commercial clients based on a dual distribution model (Bespoke and Streamed line business)’. Our corporate (international) approach and an efficient proposition for the SME clients (supported by digitalisation initiatives) will be key to reach our final goal.
