Reinsurance Pricing Actuary

In this Commercial Pricing Actuary role you'll work on pricing for the Treaty book at Ki as well as any other future reinsurance lines. Working closely alongside our Underwriters, you'll enhance Ki's risk selection and build our commercial and strategic direction. You'll be responsible for carrying out deal level pricing for complex insurance risks and facility deals, providing challenge and direction where required. You'll support the class by developing class specific management information and insight to communicate back to stakeholders across Underwriting, Portfolio Management, Actuarial, Algorithmic Underwriting, Risk and external brokers and clients.

What you will be doing:

• Responsible for delivering deal level case pricing for the Treaty division, with a focus on material and complex deals.
• Providing SME class and market knowledge to supplement and challenge.
• Responsible for building best-in-class pricing model(s) that sit outside of the algorithm including the technical build, development, and maintenance, adopting innovative and sophisticated techniques, utilising tech solution.
• Working closely with the other class specific Pricing Team members.
• Carry out model validation and recalibration exercises, assessing and communicating the impact of model changes.
• Create and maintain the appropriate governance and documentation of the model(s), and to support the Actuarial Director and Head of Pricing with relevant Actuarial/Pricing governance and reporting.
• Working collaboratively with the Algorithmic Underwriting team to support the development of the class model within the Algorithm, inputting SME knowledge into the development of new techniques and data sources to Ki’s capabilities within the Algorithm.
• Embedded day-to-day sat within the Treaty division team in Portfolio Underwriting Team within Ki, working side by side with the Underwriters to enhance Ki’s commercial and strategic approach using creative actuarial insight and innovative solutions - ultimately creating commercial value.
• Supporting the Portfolio Underwriting team in external meetings and communication with brokers and clients.
• Identify areas for growth or remediation within the class, supporting strategic direction through input and challenge.

Qualifications:

• Qualified Actuary (FIA, FFA or equivalent) or significant pricing actuarial experience.
• Subject matter expert knowledge in reinsurance pricing, ideally in Treaty, with experience working within the class within the Lloyd’s/company markets.
• Obtained a relevant, numerate degree with a good overall grade.
• Self‑starter, creative thinker and problem solver, bringing unwavering curiosity and enthusiasm - to challenge how we do things and bring fresh ideas to the table.
• Project management with moderate guidance and direction ensuring delivery of your work to achieve our goals and meet deadlines.
• Excellent communication and collaboration skills.
• Sound commercial general insurance Lloyd’s/company market experience.
• Excellent IT skills, in particular an advanced/intermediate level of MS Excel, SQL and Python, with experience in other coding languages welcome in addition.
• Must have an appetite to continue to develop in Python.
• Data science skills and a proven track record of applying them effectively in an insurance setting are beneficial.

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.