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For Companies At a Glance
- Tasks: Design and maintain pricing models while collaborating with underwriters and senior stakeholders.
- Company: Join a high-performing syndicate in the dynamic Lloyd's of London Market.
- Benefits: Enjoy a competitive salary, hybrid work options, and opportunities for professional growth.
- Why this job: Be part of a collaborative culture that values innovation and strategic partnerships.
- Qualifications: 5 years' actuarial experience, ideally in the London Market, with strong pricing knowledge.
- Other info: Fellowship or near-Fellowship of IFoA required; excellent Excel skills are a must.
The predicted salary is between 64000 - 80000 £ per year.
Job Description
Miryco Consultants are partnering with a high-performing syndicate to find a commercially minded Pricing Actuary who will help support and evolve the actuarial function across the business.
This is a fantastic opportunity for a qualified actuary with a strong background in pricing and exposure to reserving and capital modelling to take the next step in their career, working closely with senior stakeholders including underwriters, finance leaders and the Chief Actuary.
Key Responsibilities:
- Design, develop and maintain pricing models across the syndicate and MGA operations.
- Ensure models align with regulatory standards and internal governance frameworks.
- Enhance pricing infrastructure and data capabilities, including tools for rate monitoring and performance analysis.
- Conduct pricing assessments for complex or bespoke risks.
- Collaborate with underwriters and become a trusted strategic partner.
- Feed into reserving and capital modelling activities with line-of-business insight.
- Provide input into business planning, contributing pricing analysis and strategy.
- Support various actuarial projects and cross-functional initiatives as needed.
Requirements:
- Around 5 years’ actuarial experience in the London Market, ideally within a Lloyd’s environment.
- Deep understanding of pricing methodologies for general insurance.
- Familiarity with reserving techniques and capital modelling frameworks.
- Strong stakeholder management and communication skills.
- Confident working with MGA binder arrangements (beneficial).
- Experience managing projects from inception to delivery.
- Able to handle multiple priorities and deliver to tight timelines with precision.
- A collaborative mindset – capable of building relationships across underwriting, finance, compliance and other areas.
Qualifications & Technical Skills:
- Fellowship or near-Fellowship of the Institute and Faculty of Actuaries (IFoA).
- Solid grasp of Lloyd’s market structures and the relevant regulatory landscape.
- Excellent Excel skills; familiarity with tools such as Access, Sequel, and Remetrica is advantageous.
- Proven ability to analyse complex data sets and communicate findings clearly and persuasively.
- Experience contributing at committee or governance level is a plus.
Location: London, Hybrid
Salary: £80,000 – £100,000
Contact: tomparker@miryco.com & joshhatton@miryco.com
Please note, our client is unable to offer sponsorship for this opportunity. Finally, should you not be contacted within five working days of submitting your application, then unfortunately you have not been shortlisted for the opportunity. We will however, be in touch should there be any other opportunities of potential interest that are suiting to your skills.
For similar roles, please reach out to Josh Hatton and Tom Parker, and follow Miryco Consultants – LinkedIn
Pricing Actuary - Lloyd\'s of London Market employer: Miryco Consultants Ltd
Contact Detail:
Miryco Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Lloyd\'s of London Market
✨Tip Number 1
Network with professionals in the Lloyd's of London market. Attend industry events or webinars where you can meet actuaries and underwriters. Building these connections can provide insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest pricing methodologies and regulatory standards relevant to the Lloyd's market. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in your field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed projects from inception to delivery. Highlighting your project management skills will show that you can handle multiple priorities effectively, which is crucial for this role.
✨Tip Number 4
Practice articulating complex data analyses in a clear and persuasive manner. Being able to communicate your findings effectively will be key when collaborating with senior stakeholders and underwriters.
We think you need these skills to ace Pricing Actuary - Lloyd\'s of London Market
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your actuarial experience, particularly in pricing, reserving, and capital modelling. Use specific examples that demonstrate your skills and achievements relevant to the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the Lloyd's market and your ability to collaborate with stakeholders. Mention your experience with pricing methodologies and how you can contribute to the syndicate's goals.
Highlight Technical Skills: Emphasise your technical skills, especially your proficiency in Excel and familiarity with tools like Access and Sequel. Provide examples of how you've used these tools in previous roles to analyse data or enhance pricing models.
Showcase Stakeholder Management: In your application, illustrate your strong communication and stakeholder management skills. Share instances where you've successfully collaborated with underwriters or finance leaders to achieve project goals.
How to prepare for a job interview at Miryco Consultants Ltd
✨Showcase Your Pricing Expertise
Be prepared to discuss your experience with pricing methodologies in detail. Highlight specific models you've developed or enhanced, and how they align with regulatory standards. This will demonstrate your technical knowledge and ability to contribute effectively.
✨Demonstrate Stakeholder Management Skills
Since the role involves collaboration with underwriters and finance leaders, share examples of how you've successfully managed relationships with stakeholders in the past. Emphasise your communication skills and ability to be a trusted partner.
✨Prepare for Technical Questions
Expect questions related to reserving techniques and capital modelling frameworks. Brush up on these topics and be ready to explain complex concepts clearly. This will show your depth of understanding and analytical capabilities.
✨Exhibit a Collaborative Mindset
The role requires working across various functions, so illustrate your collaborative approach. Share experiences where you’ve worked with different teams to achieve common goals, showcasing your ability to build relationships and drive projects forward.
