Pricing Actuary

  • 34767
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Feb 27, 2019
Insurance
RESPONSIBILITIES
  • To assist with pricing models as follows:
  • The development of new pricing models.
  • The maintenance and enhancement of existing pricing models.
  • The periodic recalibration of pricing models and tools to reflect the current year's business plan.
  • To perform and develop individual risk pricing in support of the underwriters.
  • To assist in the collection and research of pricing data, and then in the development of analysis and reporting of pricing data.
  • To be an expert on the exposure, rate, and adequacy data for supported Classes.
  • To assist in the support of the existing rate monitoring process, e.g. to assist in the development of tools to help underwriters assess rate changes.
  • To assist the Strategic Analysis sub-team as required in developing annual business plans and parameterization of gross loss in the Internal Model.
  • To assist with Internal Model Validation as required.
  • To maintain strong relationships with the Underwriting teams within supported Classes.
  • To coach junior members of the Analytics Department.
  • To be a proponent of analytics and data management to the wider business.
  • To assist generally in the efficient running and management of the business.
  • To help the Actuarial Pricing team achieve its goals, with particular emphasis on the following areas.
QUALIFICATIONS
  • Market pricing experience.
  • AIA or FIA.
  • Strong organizational skills.
  • Good communication skills.