Pricing Actuary

  • 34422
  • Non-Life - Actuarial
  • |
  • Connecticut, United States
  • |
  • Dec 3, 2018
Reinsurance
RESPONSIBILITIES
  • Price treaty reinsurance business, and provide actuarial support to underwriters in pricing risks for a range of classes, including casualty, property, multiline, and specialty lines.
  • Contribute to the maintenance of pricing tools on an annual basis. Work with underwriters and other actuaries in the Group for enhancing and developing new pricing tools as required.
  • Provide assistance to underwriters to ensure that pricing tools are used appropriately.
  • Contribute to the development of technical pricing across the various underwriting teams.
  • Provide support to the reserving process for the company Casualty and Property teams, as necessary.
  • Be part of the actuarial team and contribute to the development of actuarial services across all areas of business.
  • Play a key role in the development of the actuarial team as it grows.
  • Act in accordance with and be an advocate for the company Spirit.
  • Participate and undertake applicable professional, technical and career development training to include attainment of associated qualifications where required.
  • Ensure company, market and client related documentation is issued accurately and on time where applicable.
  • Comply with external and internal regulatory and statutory policies, procedures and regulations.
  • Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives.
  • Liaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organizational effectiveness.
  • Undertake any other duties of a similar nature that the company reasonably requests to be performed that are within the expertise and skills of the jobholder.
QUALIFICATIONS
  • Qualified Actuary - ACAS/FCAS, FIA or equivalent.
  • At least 3 years reinsurance pricing experience.
  • 7 or more years commercial experience.
  • Advanced knowledge of MS Excel.
  • VBA, @Risk.
  • Working knowledge of MS Access, MS PowerPoint and MS Word.
  • Actuarial techniques for pricing all lines of business.
  • Familiarity with common statistical distributions and fitting techniques.
  • Use of simulation techniques for pricing loss sensitive product features.
  • Ability to communicate statistical and actuarial output to underwriters using appropriate language.
  • Strong interpersonal skills.
  • Ability to work well independently or with others, particularly in a small team.
  • Highly motivated individual.