Head of Commercial Pricing

Job Description

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

As Head of Commercial Pricing, you will play a fundamental role in the actuarial team, enhancing Ki’s commercial and strategic approach using creative actuarial insight across pricing, planning, partner relationships and strategic commercial projects. As a member of the Actuarial Leadership Team, you will work closely with the Actuarial Director to manage and develop the Pricing team.

What you will be doing: 🖋️

We are looking for an experienced senior actuary to lead and shape the newly created Commercial Pricing team, part of the wider Ki Actuarial Team, formed in 2024 as part of Ki becoming a standalone entity (from Brit) within Fairfax Group. This role will take ownership of all pricing activity of Ki’s insurance and reinsurance portfolio outside of the Algorithm; a growing book of Property, Speciality and Casualty Insurance facilities and Casualty Treaty business. In addition to core pricing work of case pricing and model development, the wider ambition for this role includes building relationships with underwriters and senior management, feeding into risk selection decisions and strategic direction, and ultimately being a key business partner to the underwriting, reserving, Portfolio Management and Algorithmic Underwriting teams.

If you are a creative thinker eager to use innovative techniques, data science and analysis to enhance commercial insight for the business, this could be the role for you.

What to expect during the recruitment process:

1) Initial recruiter screening call
2) Interview with hiring manager
3) Technical Interview (this may vary depending on the role)
4) Values Interview

Ki Values:

- Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent

- Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.

- Be Courageous: Think big, push boundaries. Don’t be afraid to fail because that’s how we learn. Test, adapt, improve - always strive to be better.

Our culture:

At Ki, we are committed to creating an inclusive environment where every colleague is valued and respected for who they are and can do the best work of their careers.

Inclusion is a critical foundation of our business and people strategies and supports our vision of becoming a market-leading, digital and data-led specialty insurance business. An inclusive workplace fuels innovation because creativity thrives when everyone feels valued, respected, and supported to drive it. So, no matter who you are, where you’re from, how you think, or who you love, we believe you should be you.

What we offer

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.

If this sounds like a role and a culture that appeals to you, apply now!