Pricing Actuary

We’re looking for a qualified or nearly-qualified Pricing Actuary with experience in automated/digital underwriting distribution. As an insurance firm, we simply couldn’t function without our highly valued actuaries. Through your in-depth knowledge of maths, statistics and the complexities of our industry, you ensure we understand, balance and control risk. This is a role that is at the heart of everything we do.

About The Job

What you’ll spend your time doing:

• Developing a strong working relationship with Underwriters, the senior management team and Underwriting Management;
• Managing and/or assisting in the development, maintenance & testing of models acting as the first point of contact for underwriting clients;
• Analysing the performance of current integrated pricing models and potential portfolio tenders;
• Acting predominantly as the interface for the AISE UK Digital business with regards to Actuarial Pricing and to support where needed the Digital developments across AISE.
• Working closely with the rest of the AISE Pricing team and AISE underwriters to ensure consistency of pricing models where possible, and that projects are delivered in a collaborative manner.

On a monthly basis:

• Update mix analyses and rate movement on all e-trade products.
• Quote conversion analysis on Fleet (when complete).

Quarterly, you will:

• Standard Formula Catastrophe Risk Exercise – providing CAT exposures for Fleet in prescribed template on a quarterly basis.
• ULR projection on fleet business ahead of quarterly reserving meetings.
• Performance review of the business, including impact analyses on rating changes made (monitoring is ongoing and happens more often than quarterly).

On an annual basis you will:

• Q1 Reinsurance renewal for Fleet – work with underwriter to provide fleet exposure and claims in summary document and questionnaire template provided by reinsurance broker.

You’re going to enjoy this job if you also…

• Like to advise on pricing, model and management information development by using familiarity with business unit classes, markets and models.
• Like to work with Underwriters as well as senior management.
• Like to work in an international capacity (with our Amstelveen office and mostly interacting with London team).

What you’ll need:

• Actuarially Qualified or Nearly Qualified.
• Actuarial Pricing Expertise required in the following classes: Fleet, Commercial Package & Agricultural Vehicle.
• Strong technical skills required i.e SAS (or eventually VBA knowledge or python, VB.Net or SQL).
• Good working knowledge on programming.
• Experience in London Reinsurance Market underwriting classes and environment.
• Advanced knowledge of Excel.
• Good interpersonal and communication skills.
• Attention to detail, proactive, flexible and adaptable.

What you can expect from us:

• Continuous learning and development opportunities.
• A great team and supportive colleagues.
• A programme of wellbeing and mental health support.
• Working in a dynamic, growing and international company.
• Working in a role with a particular focus on entrepreneurship, initiative and personal development.

About MS Amlin And MS AISE

MS Amlin is part of a global top-10 insurance group, MS&AD. We’re made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services. We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure. Our claims service aims for equality, with efficient, fair and timely claims management. MS Amlin is committed to taking a flexible approach to working, with a Work Life Better scheme to allow our employees more control over when and where they work, while continuing to meet our client demands. MS AISE is a long standing local specialty insurer, providing knowledge based and efficient service propositions to commercial clients.