Senior Pricing Actuarial Analyst

at  MS Amlin

Senior Pricing Actuarial Analyst
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
About The Job
If you love and understand financial risk – Assessing it. Evaluating it. Managing it. Advising on it. – You’ll fit right in.
The purpose of this role is to join our Pricing Actuaries in meeting the analytical and pricing support required by the MS Amlin Insurance Division.
The Senior Pricing Analyst role will be part of a team of sixteen (and a wider Technical Pricing team of twenty four people), providing coverage for Insurance businesses across Casualty, Crisis Management, Marine, Natural Resources and Property.
What you’ll spend your time doing:

While there is rarely a ‘typical’ day as a Senior Pricing Analyst, here’s a snapshot of some of the key parts of the job:

• Develop a strong working relationship with the other members of the Technical Pricing team, Underwriters, and teams under the Chief Actuary;
• Developing members of the Insurance Pricing team within Technical Pricing;
• Lead the development and deployment of pricing models into our pricing platforms and ensure that models comply with the Technical Pricing Framework (“TPF”) and Pricing Policy;
• Analyse external and internal data to build and validate technical pricing models;
• Be the primary support to underwriters in actuarial & technical issues, including case pricing, renewal monitoring, Expected Loss Cost calculations and business planning, challenging where appropriate;
• Support the business and underwriters on other actuarial related matters such as reserving and Internal Model parameterisation;
• Work with management to monitor and improve the performance of the business, for example in the Pricing Portfolio Reviews giving an independent opinion on the quality of the risks written so as to directly improve the bottom line;
• Maintain and develop management information available for analysis and reporting;
• Liaise with other functions within the company such as Exposure Management, Portfolio Management and our IT colleagues in Pricing Modelling Development when required;
• Continue to develop professionally.

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

• Enjoy developing high talent in an Actuarial team
• Have an exceptional eye for detail
• Are a strong problem solver
• Can explain complex data in simple terms
• Enjoy working with other actuaries, underwriters and model developers.

What you’ll need:

For this particular role there are some important qualifications and experience we need you to have. These include:

• Experience in Insurance Actuarial employment, having completed a number of cycles and so have a clear understanding of what good and great practice looks like.
• Have a real skill and affinity for working with numbers, being in a role involving statistical analysis, or working towards an actuarial or similar qualification.
• Excellent communication skills (both oral and written) including capacity to manage dialogue with senior stakeholders in the business.
• Effective time management skills and the ability to work well under pressure.
• Advantageous skills:
• Previous pricing experience in the London market.
• A talent to think laterally in order to develop solutions to support the continued improvement of services by the Technical Pricing team.
• Progressing as a member of the Institute & Faculty of Actuaries, a qualified member or similar.
• Experience of and comfortable using programming languages such as but not limited to SQL, Python, R and VBA.
• Experience interpreting CAT modelling outputs
• Ability to take ownership of a project and deliver outcomes aligned with the team plan

Advantageous skills:

• A talent to think laterally in order to develop solutions to support the continued improvement of services by the Technical Pricing team.
• Progressing as a member of the Institute & Faculty of Actuaries, a qualified member or similar.
• Experience of and comfortable using programming languages such as SQL, Python and VBA.
• A grounding in a numerical subject, such as an undergraduate degree in Mathematics.

We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!

What you can expect from us:

• A flexible working environment, established long before COVID19 with hybrid and agile working part of our core practices.
• A great team and supportive colleagues with a broad spectrum of experience and backgrounds.
• A strong focus on diversity, inclusion and equal opportunities as demonstrated by team representation on MS Amlin’s Inclusion Advisory Board.
• An open mind (especially to new ideas and ways of doing things)
• A programme of wellbeing and mental health support
• Continuous learning
• Structured career development

Benefits/ Package:

• Competitive Base Salary
• Performance Related Discretionary Bonus
• Holiday: 28 days core annual leave, and you can buy up to 5 days
• Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
• Private Medical: cover for yourself. Family members/dependants can be added.
• Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
• Life Assurance: 10 x annualised base salary
• Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
• Continuous Learning Approach: Including study support with professional qualifications.
• Employer Supported Volunteering: 3 days volunteering leave.
• Annual health screening
• Give as you earn
• Cycle to work
• Season ticket loan
• Green car scheme
• Retail discount platform

About MS Amlin
MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.
This role is in our Lloyd’s business
Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.

• Experience in Insurance Actuarial employment, having completed a number of cycles and so have a clear understanding of what good and great practice looks like.
• Have a real skill and affinity for working with numbers, being in a role involving statistical analysis, or working towards an actuarial or similar qualification.
• Excellent communication skills (both oral and written) including capacity to manage dialogue with senior stakeholders in the business.
• Effective time management skills and the ability to work well under pressure.
• Advantageous skills:
• Previous pricing experience in the London market.
• A talent to think laterally in order to develop solutions to support the continued improvement of services by the Technical Pricing team.
• Progressing as a member of the Institute & Faculty of Actuaries, a qualified member or similar.
• Experience of and comfortable using programming languages such as but not limited to SQL, Python, R and VBA.
• Experience interpreting CAT modelling outputs
• Ability to take ownership of a project and deliver outcomes aligned with the team pla