Pricing Actuary (Motor) - Remote

Wakam

🚀 ABOUT THE TEAM You will join the Motor Pricing team, which supports Wakam’s partner portfolios by delivering technical pricing excellence and profitability steering. The team works in close collaboration with stakeholders across Risk, Reinsurance, Data, Underwriting, and Partner Management, and plays a key role in ensuring our Motor business remains sustainable, competitive, and scalable across markets. ---------------------------------------------------------------------------------------------------------------------------------- 🎯 YOUR MISSION As a Motor Pricing Actuary, you will deliver pricing and portfolio analysis work across the UK and rest of Europe scope (excluding France). Your core objective is to secure profitability and strengthen technical portfolio management through robust pricing, performance monitoring, and actionable recommendations. You will operate with a high level of autonomy, taking ownership of projects end-to-end — from analysis and recommendation to deliverables ready for committee review and implementation. ✏️ YOUR RESPONSIBILITIES END-TO-END PRICING & PORTFOLIO PROJECTS You will independently manage projects covering: * New contract pricing: profitability analyses, scenario testing, and pricing recommendations tailored to partner needs and constraints. * Optimisation of existing portfolios: performance diagnostics, identification of key drivers (mix effects, claims trends, inflation, drifts), pricing action proposals, and impact monitoring over time. * Pricing tools & technical assets: maintenance and targeted improvements of datasets, models, scripts, and profitability reports, ensuring quality, consistency of definitions, and reproducibility. * Partner reviews & committees: preparation of review packs and quantified analyses to support partner discussions and internal governance. ✅ EXPECTED DELIVERABLES You will produce ready-to-use, auditable deliverables that can be used in governance settings and handed over smoothly, including: * Pricing notes and recommendations * Portfolio performance analyses and diagnostics * Committee materials (slides + appendices) * Quantified outputs (tables, scripts, queries) with light documentation enabling reuse and handover ---------------------------------------------------------------------------------------------------------------------------------- 🧠 WHAT YOU BRING You bring strong technical foundations and relevant market expertise, including: * Proven expertise in Motor pricing, either in European markets and/or the UK * Experience in Spain is a strong plus * Experience with Akur8 is a strong plus * Excellent actuarial and analytical skills, with the ability to produce robust, decision-grade analyses * Ability to deliver committee-ready outputs, with structured narratives, clear assumptions, quantified impacts, and traceability * Comfort working with stakeholders across Risk, Reinsurance, and Data, and translating technical work into actionable recommendations ---------------------------------------------------------------------------------------------------------------------------------- ✨ WHO YOU ARE You are likely to thrive in this contractor role if you are: * Highly autonomous, with a strong sense of ownership and delivery discipline * Structured and rigorous, especially on auditability, consistency, and reproducibility * Pragmatic and impact-oriented, focused on what truly drives profitability and can be implemented effectively * Comfortable operating in a multi-stakeholder environment, and able to communicate clearly with both technical and non-technical audiences ---------------------------------------------------------------------------------------------------------------------------------- 🏆 HIRING PROCESS Our hiring process is designed to be selective, transparent, and respectful of your time: 1. Initial interview with our Talent Acquisition Partner 2. Interview with our Pricing Lead Motor UK & Europe 3. Technical Assessment (+presentation) 4. Chief Interview with our Chief Underwriting Officer - Motor and Mobility 5. Finale Interview with our People Partner AI-ASSISTED INTERVIEW PROCESS POLICY | NOTION More About Us  Check out our website to learn about the 11 cultural markers that make Wakam truly special! If you're adventurous, impact-driven, and ready to shape the future of insurance, we'd love to meet you!   💫 What Makes Us Unique:  • True remote work flexibility with our Wakam From Anywhere (WFA) program - yes, we even have a teammate working from a sailboat! ⛵ • Flat hierarchical system promoting direct impact and autonomy 🚀 • Monthly Free.day: dedicated time for personal growth and skills development 📚 • Lunch voucher with Swile card • A meaningful company: we became a Mission-driven company in March 2021 • Work alongside passionate experts:  who will share their knowledge and help you develop and grow in your career.    At Wakam, our "Free to Impact" culture is built on four essential pillars that shape everything we do :   🗣️ Communication & Knowledge Management • Foster transparent collaboration across our flat organizational structure • Share knowledge freely in our highly collaborative environment • Contribute to our collective intelligence through open dialogue   🔍 Curiosity • Embrace our monthly Free.day for learning and skills sponsorship • Think big and challenge conventional insurance norms • Stay eager to learn and explore new possibilities   🔄 Continuous Improvement • Take initiative to transform the insurance industry • Turn challenges into opportunities for innovation • Constantly evolve our ways of working   🎯 Outcome Oriented • Focus on impact rather than hierarchy • Drive results through clear objectives and autonomy • Transform bold ideas into concrete solutions   At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.

Wakam

🧰 WHO WE ARE Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 80 partners. We provide most of our insurance products through APIs and host white-label insurance solutions via our Play&Plug technology platform. With a footprint spanning 32 countries, Wakam is the European leader in digital and embedded insurance. Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to enabling transparent and impactful insurance. ---------------------------------------------------------------------------------------------------------------------------------- 🚀 ABOUT THE TEAM The Underwriting team at Wakam lies at the core of strategic decision-making and risk analysis. Our mission? To develop pricing strategies and risk frameworks that ensure profitable, sustainable, and competitive insurance solutions for our partners. We blend actuarial science, data analytics, and innovation to build cutting-edge products across Europe — from Motor and Home to Pet, A&H, and Extended Warranty. We partner closely with MGAs, reinsurers, and internal teams to bring our vision to life. ---------------------------------------------------------------------------------------------------------------------------------- 🎯 YOUR MISSION As a Pricing Actuary / Pricing Lead you will play a pivotal role in delivering Wakam’s UK pricing across products including Motor, Home, Pet, and SME insurance. You will lead the development and implementation of data-driven pricing frameworks, ensuring alignment with business objectives, market dynamics, and regulatory expectations. This role combines strategic thinking, hands-on technical delivery, and strong stakeholder management—internally and externally. ---------------------------------------------------------------------------------------------------------------------------------- ✏️ YOUR RESPONSIBILITIES PRICING STRATEGY You execute pricing strategies to deliver profitable growth and market competitiveness. You collaborate with distribution partners (including MGAs) to understand market needs, refine pricing models, and design tailored solutions. You carry out statistical risk modelling, define target profitability and pricing criteria, and implement pricing models—often via APIs through Wakam’s platform or in coordination with partners. PORTFOLIO MANAGEMENT & ANALYTICS You develop management information and run ad-hoc analyses to support key decisions. You monitor and optimise portfolio performance, contribute to improved forecasting, and conduct regular reviews of pricing structures, profitability, and customer segmentation—taking into account competitor pricing, claims trends, and regulatory updates. TECHNICAL PRICING You design, implement, and enhance pricing models using actuarial and statistical methods. You monitor model performance and recalibrate when needed, and you investigate innovative technical solutions to complex business problems. You also perform peer reviews of MGA pricing proposals to ensure technical robustness and consistency. STAKEHOLDER & PARTNER MANAGEMENT You collaborate with MGAs and internal teams to support pricing decisions, product design, and portfolio management. You present results internally and to distributors, communicate complex pricing topics to non-technical audiences, and ensure pricing strategies remain compliant with applicable UK regulatory requirements. ---------------------------------------------------------------------------------------------------------------------------------- 🧠 WHAT YOU BRING ESSENTIAL * Experience in pricing roles within the UK insurance market, covering Motor, Home and/or SME. * Strong understanding of UK market dynamics and the regulatory framework. * Demonstrable proficiency in actuarial techniques and pricing modelling. * Experience with P&C pricing tools (e.g., AKUR8, RADAR, EARNIX or equivalent). * Strong programming skills in SQL and/or Python. * Experience with machine learning approaches and data visualisation tools (e.g., Power BI, Tableau). * Proven track record of leading pricing projects and/or teams. * Excellent communication skills and ability to influence stakeholders at all levels. * Strong commercial acumen and strategic thinking. DESIRABLE * Actuarial qualification (FIA/FFA) or progress toward qualification (ideal but not required). * Experience working with MGAs or within a B2B2C insurance model. ---------------------------------------------------------------------------------------------------------------------------------- ✨ WHO YOU ARE You combine rigour and analytical excellence with pragmatic execution. You are solutions-oriented, intellectually curious, and comfortable challenging the status quo when needed. You thrive in a fast-paced, international environment and communicate clearly across a wide range of stakeholders. You take ownership of outcomes, act with high integrity, and bring resilience and positive energy to your work. ---------------------------------------------------------------------------------------------------------------------------------- ✨ 🤖 AI & DIGITAL MINDSET You are comfortable with modern data tooling and automation, and you enjoy building repeatable, auditable analysis workflows. You’re curious about advanced analytics and AI when they add measurable value (segmentation, monitoring, decision support), while maintaining high standards for traceability, explainability, and governance. ---------------------------------------------------------------------------------------------------------------------------------- 🌟 WHY JOIN WAKAM? You’ll join a leading European embedded insurer where pricing has direct impact and visibility. You’ll work on diverse UK products, collaborate with a broad ecosystem (including MGAs), and help build scalable, data-driven pricing frameworks in a regulated context. ---------------------------------------------------------------------------------------------------------------------------------- 🏆 HIRING PROCESS We aim for a fast and insightful process: 1. Introductory HR Interview with our Talent Acquisition Partner. 2. Manager Interview with our Pricing Lead. 3. Technical Interview with the Team. 4. Culture Fit Interview in our London office with the Head of People and our Chief Underwriting.  ---------------------------------------------------------------------------------------------------------------------------------- 👉 Ready to build the future of pricing at Wakam? Apply now and become part of our journey to redefine embedded insurance across Europe. => Welcome @Wakam 🙌 AI-Assisted Interview Process Policy | Notion More About Us  Check out our website to learn about the 11 cultural markers that make Wakam truly special! If you're adventurous, impact-driven, and ready to shape the future of insurance, we'd love to meet you!   💫 What Makes Us Unique:  • True remote work flexibility with our Wakam From Anywhere (WFA) program - yes, we even have a teammate working from a sailboat! ⛵ • Flat hierarchical system promoting direct impact and autonomy 🚀 • Monthly Free.day: dedicated time for personal growth and skills development 📚 • Lunch voucher with Swile card • A meaningful company: we became a Mission-driven company in March 2021 • Work alongside passionate experts:  who will share their knowledge and help you develop and grow in your career.    At Wakam, our "Free to Impact" culture is built on four essential pillars that shape everything we do :   🗣️ Communication & Knowledge Management • Foster transparent collaboration across our flat organizational structure • Share knowledge freely in our highly collaborative environment • Contribute to our collective intelligence through open dialogue   🔍 Curiosity • Embrace our monthly Free.day for learning and skills sponsorship • Think big and challenge conventional insurance norms • Stay eager to learn and explore new possibilities   🔄 Continuous Improvement • Take initiative to transform the insurance industry • Turn challenges into opportunities for innovation • Constantly evolve our ways of working   🎯 Outcome Oriented • Focus on impact rather than hierarchy • Drive results through clear objectives and autonomy • Transform bold ideas into concrete solutions   At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.

Marshmallow

We’re on a mission to make migration easy. We started building Marshmallow in 2017. Since then, we’ve grown from 3 to 700+ people, gained unicorn status, raised ~£140M over three funding rounds, turned profitable, insured millions of drivers and lent millions in car loans. But we’re only just getting started. Our goal is to become one of the largest financial services providers in the world. Over the next 10 years we’ll grow exponentially, not only by scaling our existing products, but also by building new ones. To achieve our goals we need incredibly ambitious, commercially driven people who never settle for ‘good enough’. Marshmallowers are hungry for autonomy and ownership, and would rather improve than coast. Everyone raises standards and has an impact, with a focus on collective success over self-interest. We’ve created an environment where curious, tenacious people win and grow together. If that sounds motivating, this could be the place for you. PRICING AT MARSHMALLOW This role sits within Marshmallow’s Pricing team and offers a broad remit with meaningful ownership. As our Motor Pricing Actuary, you’ll lead pricing for our core motor insurance product while also contributing to reserving, capital modelling and key external actuarial relationships. This is an opportunity to play a central role in how Marshmallow sharpens pricing, strengthens actuarial governance and supports sustainable growth. You’ll act as the Pricing Function Holder for Marshmallow Insurance Ltd, taking accountability for the integrity and adequacy of the pricing framework and ensuring it meets relevant regulatory requirements for a Gibraltar-domiciled insurer. You’ll work closely with teams across the business to connect technical actuarial work with real commercial outcomes. Whether you’re improving pricing models, reviewing reserve movements or supporting capital assessments, your work will help ensure Marshmallow continues to make smart, fair and data-driven decisions. WHAT YOU'LL BE DOING * Own the Pricing Function Holder role for Marshmallow Insurance Ltd, taking accountability for pricing model integrity and regulatory compliance with GFSC requirements. * Lead motor insurance pricing model development using claims analysis and market intelligence, partnering with data science and underwriting to identify rating opportunities and drive competitive improvements. * Deliver monthly reserving analysis and Loss Ratio Forum reporting, translating complex data into clear insights that support reserve adequacy and drive methodology improvements. * Serve as primary liaison with external actuaries and the Independent Actuarial Function Holder, coordinating regulatory oversight and ensuring recommendations are understood and actioned. * Contribute to development and maintenance of Marshmallow's internal capital model, supporting Solvency II/ORSA processes and capital assessments. WHO ARE YOU? * You're a self-starter with strong ownership and clear accountability, comfortable operating in a fast-paced, scaling environment with technical and regulatory responsibility. * You think commercially and analytically, connecting actuarial decisions to business outcomes, and move confidently between deep technical work and strategic thinking. * You communicate clearly to both actuarial and non-technical audiences, build effective cross-functional relationships, and thrive on variety across pricing, reserving and capital. * You're excited by the opportunity to shape actuarial practice and help drive impact in a scaling fintech WHAT YOU’LL BRING? * Part or nearly qualified actuary (IFoA or equivalent) with a background in general insurance. * Strong technical pricing experience in personal lines motor, with experience or familiarity in reserving and capital modelling. * Confident with large datasets and technical tools including Python, R or SQL, with strong ability to build and assess actuarial models. * Comfortable working in a regulated insurance environment and engaging with control-focused processes, with strong written and verbal communication skills. PERKS OF THE JOB * Spend one day a week with your team in our collaborative London office, and own your own working hours. The rest is up to you 🏠 * Competitive discretionary bonus scheme - designed to reward and recognise high performance 🌟 * Flexible benefits budget - £50 per month to spend on a Ben Mastercard meaning you get your own benefits budget to spend on things you want. * Mental wellbeing support – Access therapy and mental health sessions through Oliva 💚 * Learning and development – Personal budgets for books and training courses to help you grow in your role. Plus 2 days a year - on us! - to further your skillset 🤓 * Private health care - Enjoy all the benefits Vitality has to offer, including reduced gym memberships and discounts on smartwatches 🏥 * Medical cash plan - To help you with the costs of dental, optical and physio (plus more!) OUR PROCESS We break it up into 4 stages: * Initial call with a member of our Talent Acquisition team (45 mins) * A past-experience interview & competency interview (60 mins) * A technical interview onsite, delving into the technical aspects of the role (2 hours) * A culture interview to check that your work style fits our processes and values (60 mins) We'll let you know if you're invited to an interview or not. But, as a small team with a lot of applications to consider, we can't give individual feedback on each application Diversity of thought We know the best ideas come from having different perspectives in the room - and we're committed to hiring fairly, regardless of background, identity or experience. If you see yourself in this role, we'd encourage you to apply.