Senior Reinsurance Pricing Actuary (6 month FTC)

The purpose of this role is to act as the interface for the MS Amlin London business with regard to actuarial pricing. The Pricing Actuary will use familiarity with business unit classes, markets and models to provide advice on pricing, model and management information development.

The MS Amlin Reinsurance Pricing Actuary will be the first point of contact for underwriting clients to ensure continuity of service and class-specific expertise. They will work closely with the MS Amlin Technical Pricing team and MS Amlin underwriters, ensuring consistency of pricing models where possible and delivering projects collaboratively. The role holder will sit on the MS Amlin Technical Pricing Leadership Team and report into the Head of Technical Pricing, providing technical pricing support and oversight across all reinsurance business written through the Lloyd’s platform.

Responsibilities

• Develop a strong working relationship with Underwriters.
• Manage a team of four to ensure technical pricing support is technically proficient, timely and coordinated.
• Support the development and progression of direct reports by setting clear goals and managing the annual performance review cycle.
• Provide case pricing support on large individual or unusual risks.
• Understand specific risk characteristics and suggest appropriate structures.
• Work closely with underwriters of all levels to communicate case pricing results and key assumptions clearly.
• Peer-review the work of others in the team to ensure technical standards are consistently high.
• Support continuous improvement in the suite of pricing models through the annual model review cycle.
• Ensure models are developed and expanded to take advantage of new and varied data sources, both internal and external, and technical pricing methodologies.
• Ensure models are technically sound, sufficiently documented and well understood by users through coordination of regular training.
• Ensure pricing models meet the MS Amlin Pricing policy and standards in respect of technical pricing and rate monitoring.
• Oversee and support underwriters and actuarial team members with renewal rate movements.
• Support regular reviews of performance outcomes as required.
• Challenge conclusions where necessary and raise issues to management.
• Arrange and deliver underwriter training as required.
• Work collaboratively with other MS Amlin functions (Capital Modelling, Reserving, Underwriting Performance and Risk) to drive performance excellence.
• Where appropriate, work collaboratively with technical pricing teams across other MS & AD entities to share ideas and solve complex problems.
• Support the reinsurance underwriters by providing considered inputs into business planning, capital model parameterisation and outward reinsurance purchase exercises.
• Demonstrate a high degree of business acumen by helping to identify and plan for opportunities and threats that will develop in the marketplace.

Qualifications

• Actuarially Qualified or Nearly Qualified.
• Actuarial Pricing expertise.
• Experience in London Reinsurance Market underwriting classes and environment.
• Advanced knowledge of Excel.
• Previous managerial or supervisory experience preferred.
• @Risk, R, and Python advantageous.
• Good interpersonal skills.
• Good communication skills (oral and written).
• Ability to work well under pressure.
• Attention to detail and ability to self-check work.
• Proactive, flexible and adaptable.

Benefits and Working Arrangements

• Competitive base salary and performance-related discretionary bonus.
• Employee benefits are available.
• Hybrid working model: approximately 3 days a week in the office, with flexibility to blend remote and on-site work.
• The role involves working with a collaborative team across multiple functions within MS Amlin.