Role: Senior Reinsurance Pricing Actuary (6 month FTC)
Location: London
Position: Full time, Fixed Term
The purpose of this role is to act as the interface for the MS Amlin London business with regards to Actuarial Pricing. The Pricing Actuary will use familiarity with business unit classes, markets and models to provide advice on pricing, model and management information development. The MS Amlin Reinsurance Pricing Actuary will be the first point of contact for underwriting clients to ensure continuity of service and class specific expertise.
The MS Amlin Reinsurance Pricing Actuary will work closely with the rest of the MS Amlin Technical Pricing team and MS Amlin underwriters to ensure consistency of pricing models were possible, and that projects are delivered in a collaborative manner.
The role holder will be on the MS Amlin Technical Pricing Leadership Team and will report into the Head of Technical Pricing. The role holder will provide technical pricing support and oversight across all reinsurance business written through the Lloyd’s platform.
About The Job
What you’ll spend your time doing:
Develop a strong working relationship with Underwriters;
Manage a team of four others to ensure technical pricing support is technically proficient, timely and co-ordinated. Support the development and progression of direct reports by setting clear and specific goals and managing the annual performance review cycle;
Provide case pricing support on large individual or unusual risks. Understand specific risk characteristics in order to suggest appropriate structures. Work closely with underwriters of all levels to ensure case pricing results are communicated clearly and key assumptions and drivers of uncertainty are thoroughly understood. Peer review the work of others in the team to ensure technical standards are consistently high;
Support the drive for continuous improvement in the available suite of pricing models through the annual model review cycle. Ensure models are developed and expanded in order to take advantage of new and varied data sources, both internal and external, and technical pricing methodologies. Ensure models are technically sound, sufficiently documented and well understood by users through the co-ordination of regular training. Additional ensure that the pricing models meet the MS Amlin Pricing policy and standards in respect of technical pricing and rate monitoring;
Oversee and support the underwriters and other actuarial team members with work on renewal rate movements;
Support the regular reviews of performance outcomes, as required. Challenge the conclusions where necessary and escalate issues to management;
Arrange and deliver underwriter training as required;
Work collaboratively with other MS Amlin functions, including Capital Modelling, Reserving, Underwriting Performance and Risk, to help drive performance excellence. Where appropriate work collaboratively with technical pricing teams across other MS&AD entities in order to share ideas and help solve complex problems; and
Support the reinsurance underwriters by providing considered inputs into business planning, capital model parameterisation and outwards reinsurance purchase exercises. Demonstrate a high degree of business acumen by helping to identify and plan for opportunities and threats which will develop in the marketplace.
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
Actuarial Pricing Expertise
Experience in London Reinsurance Market underwriting classes and environment
Advanced knowledge of Excel
Previous managerial or supervisory experience preferred
@Risk, R, and Python advantageous
Good interpersonal skills
Good communication skills (both oral and written)
Ability to work well under pressure
Attention to detail and ability to self-check work
Proactive, flexible and adaptable.
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.
DE&I at MS Amlin
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.
MS Amlin is proud to be one of the founding partners of Lloyd’s Inclusive Futures programme which aims to get more Black and ethnically diverse people into the insurance industry - supporting them all the way from the classroom to the boardroom. Visit this link (Inclusive Futures Impact Report) to find out more about the programme and its aims and achievements so far.
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