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- Tasks: Lead the Commercial Pricing team, enhancing pricing strategies and building key relationships.
- Company: Ki is a pioneering global algorithmic insurance carrier, revolutionising a 335-year-old market.
- Benefits: Enjoy competitive pay, recognition for hard work, and a diverse, inclusive culture.
- Why this job: Join a fast-growing company with big ambitions and a focus on innovation and creativity.
- Qualifications: Seeking an experienced senior actuary with a passion for data science and commercial insight.
- Other info: Be part of a dynamic team that values diversity and encourages unique perspectives.
The predicted salary is between 54000 - 84000 £ per year.
Who are we?
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.
Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.
Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd\’s of London market, and the first ever to make $100m in profit in 3 years.
Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.
Purpose of the Role
As Head of Commercial Pricing, you will play a fundamental role in the actuarial team, enhancing Ki’s commercial and strategic approach using creative actuarial insight across pricing, planning, partner relationships and strategic commercial projects. As a member of the Actuarial Leadership Team, you will work closely with the Actuarial Director to manage and develop the Pricing team.
We are looking for an experienced senior actuary to lead and shape the newly created Commercial Pricing team, part of the wider Ki Actuarial Team, formed in 2024 as part of Ki becoming a standalone entity (from Brit) within Fairfax Group. This role will take ownership of all pricing activity of Ki’s insurance and reinsurance portfolio outside of the Algorithm; a growing book of Property, Speciality and Casualty Insurance facilities and Casualty Treaty business. In addition to core pricing work of case pricing and model development, the wider ambition for this role includes building relationships with underwriters and senior management, feeding into risk selection decisions and strategic direction, and ultimately being a key business partner to the underwriting, reserving, Portfolio Management and Algorithmic Underwriting teams.
If you are a creative thinker eager to use innovative techniques, data science and analysis to enhance commercial insight for the business, this could be the role for you.
Our culture
Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.
You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
If this sounds like a role and a culture that appeals to you, let us know.
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Contact Detail:
Innovation Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Commercial Pricing
✨Tip Number 1
Familiarise yourself with Ki's innovative approach to insurance. Understanding their use of algorithms and machine learning will help you demonstrate how your experience aligns with their mission to disrupt the market.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who have experience in commercial pricing. Engaging with industry peers can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Showcase your leadership skills by discussing past experiences where you've successfully led teams or projects. Ki is looking for someone to shape their new Commercial Pricing team, so highlight your ability to inspire and manage others.
✨Tip Number 4
Prepare to discuss how you can enhance commercial insight through data science and analysis. Be ready to share specific examples of how you've used these techniques in previous roles to drive business success.
We think you need these skills to ace Head of Commercial Pricing
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Head of Commercial Pricing. Familiarise yourself with the key aspects of the role, such as pricing strategy, actuarial insights, and team leadership.
Tailor Your CV: Customise your CV to highlight relevant experience in actuarial roles, particularly in pricing and strategic projects. Emphasise any leadership roles you've held and your ability to work cross-functionally.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for innovation in the insurance industry. Mention specific examples of how you've used data science and creative thinking in previous roles to drive commercial success.
Highlight Cultural Fit: Ki values diversity and inclusion, so be sure to reflect on how your background and experiences align with their culture. Share any relevant experiences that demonstrate your commitment to these values.
How to prepare for a job interview at Innovation Group
✨Understand the Company’s Mission
Before your interview, make sure you’re familiar with Ki's mission to disrupt the insurance market. Be prepared to discuss how your experience aligns with their goals and how you can contribute to their innovative approach.
✨Showcase Your Actuarial Expertise
As a candidate for Head of Commercial Pricing, it’s crucial to demonstrate your deep understanding of pricing strategies and actuarial principles. Prepare examples from your past work that highlight your ability to lead pricing initiatives and develop models.
✨Emphasise Collaboration Skills
Ki values cross-functional teamwork, so be ready to discuss your experience working with diverse teams. Highlight instances where you’ve successfully collaborated with underwriters or other departments to achieve common goals.
✨Prepare for Creative Problem-Solving Questions
Expect questions that assess your creative thinking and problem-solving abilities. Think of innovative solutions you've implemented in previous roles, especially those that involved data science or advanced analytics in pricing.
