Pricing Actuary - Contract - Lloyd's of London
Posted 1 week ago by Miryco Consultants Ltd
£1,100 Per day
Inside
Hybrid
London Area, United Kingdom
Summary: The role of Pricing Actuary at Miryco Consultants involves developing pricing models for a Lloyd’s insurer, with additional responsibilities in reserving and capital modelling. The position requires collaboration with various stakeholders to enhance actuarial insights and improve data infrastructure. Candidates should possess strong technical expertise and a solid understanding of the Lloyd’s market. This opportunity is ideal for an ambitious actuary with over five years of experience in the London insurance market.
Key Responsibilities:
- Design, develop and maintain pricing models for both Syndicate and MGA portfolios.
- Ensure pricing models align with Lloyd’s PMD standards and wider regulatory principles.
- Support underwriters with case-by-case pricing for complex or large risks.
- Collaborate with underwriting, finance and senior stakeholders to embed actuarial insight across the business.
- Improve data infrastructure and pricing tools, including management information and rate monitoring systems.
- Validate pricing models using historical and scenario-based data.
- Contribute to the reserving and capital modelling processes, helping to embed the capital model in business decision-making.
- Support the business planning process through pricing insights and analysis.
- Work cross-functionally with compliance, risk, and financial teams.
- Assist the wider actuarial team on various initiatives as required.
Key Skills:
- Qualified (or nearly qualified) actuary with 5+ years’ experience in the London insurance market, ideally with Lloyd’s exposure.
- Strong technical expertise in pricing, with some experience in reserving and capital modelling.
- Comfortable working with MGA binder business and complex insurance lines.
- Proven ability to lead projects, deliver results and defend actuarial judgement.
- Strong communication and stakeholder management skills – able to adapt your approach depending on audience.
- Proficient in Excel, Access, and insurance modelling tools (experience with Remetrica is a plus).
- Comfortable working independently, managing competing priorities, and contributing to strategic decisions.
- Collaborative and proactive team player with a keen eye for detail and accuracy.
Salary (Rate): £1100/day
City: London
Country: United Kingdom
Working Arrangements: Hybrid
IR35 Status: Inside IR35
Seniority Level: Mid-Level
Industry: Other
Miryco Consultants are working on an exciting opportunity for an experienced actuary to play a key role in developing the pricing function of a dynamic and growing Lloyd’s insurer. This role is primarily focused on pricing but also offers exposure to reserving and capital modelling, providing a well-rounded opportunity for an ambitious actuarial professional.
Key Responsibilities:
- Design, develop and maintain pricing models for both Syndicate and MGA portfolios.
- Ensure pricing models align with Lloyd’s PMD standards and wider regulatory principles.
- Support underwriters with case-by-case pricing for complex or large risks.
- Collaborate with underwriting, finance and senior stakeholders to embed actuarial insight across the business.
- Improve data infrastructure and pricing tools, including management information and rate monitoring systems.
- Validate pricing models using historical and scenario-based data.
- Contribute to the reserving and capital modelling processes, helping to embed the capital model in business decision-making.
- Support the business planning process through pricing insights and analysis.
- Work cross-functionally with compliance, risk, and financial teams.
- Assist the wider actuarial team on various initiatives as required.
About You:
Qualified (or nearly qualified) actuary with 5+ years’ experience in the London insurance market, ideally with Lloyd’s exposure. Strong technical expertise in pricing, with some experience in reserving and capital modelling. Comfortable working with MGA binder business and complex insurance lines. Proven ability to lead projects, deliver results and defend actuarial judgement. Strong communication and stakeholder management skills – able to adapt your approach depending on audience. Proficient in Excel, Access, and insurance modelling tools (experience with Remetrica is a plus). Comfortable working independently, managing competing priorities, and contributing to strategic decisions. Collaborative and proactive team player with a keen eye for detail and accuracy.
Key Requirements:
- Member of the Institute and Faculty of Actuaries.
- Solid understanding of the Lloyd’s market and its regulatory framework.
- Track record of contributing at a strategic level, including participation in committee-level discussions.
- Demonstrated ability to build trust-based relationships across underwriting, finance, and compliance functions.
Location: London, Hybrid
Rate: £800-£1100/day inside IR35
Contact: tomparker@miryco.com & joshhatton@miryco.com
Please note, our client is unable to offer sponsorship for this opportunity. Finally, should you not be contacted within five working days of submitting your application, then unfortunately you have not been shortlisted for the opportunity. We will however, be in touch should there be any other opportunities of potential interest that are suiting to your skills. For similar roles, please reach out to Josh Hatton and Tom Parker, and follow Miryco Consultants - LinkedIn