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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 in the London Market; Fellowship or near-Fellowship of IFoA required.
- Other info: This role does not offer sponsorship; apply if you're ready to elevate your career!
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 boost your confidence during interviews but also demonstrate your commitment to staying updated in the 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 qualifications and how they align with the job requirements.
Highlight Technical Skills: Emphasise your proficiency in Excel and any other relevant tools like Access or Remetrica. Provide examples of how you've used these skills in previous roles to analyse data and support pricing strategies.
Showcase Stakeholder Management: In your application, illustrate your experience in managing relationships with underwriters and finance leaders. Highlight any projects where you successfully collaborated across departments to achieve business goals.
How to prepare for a job interview at Miryco Consultants Ltd
✨Showcase Your Pricing Expertise
Make sure to highlight your experience with pricing methodologies during the interview. Be prepared to discuss specific models you've developed or maintained, and how they align with regulatory standards.
✨Demonstrate Stakeholder Management Skills
Since this role involves collaboration with underwriters and finance leaders, share examples of how you've successfully managed relationships with senior stakeholders in previous roles. This will show your ability to be a trusted strategic 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, as this will demonstrate your deep understanding of the actuarial function.
✨Exhibit a Collaborative Mindset
Emphasise your ability to work across different teams and manage multiple priorities. Share instances where you've contributed to cross-functional initiatives, showcasing your collaborative approach and adaptability in a fast-paced environment.
