Senior Case Pricing Actuary

  • 37851
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Jul 31, 2020
Insurance
RESPONSIBILITIES
  • Support ongoing maintenance, development, calibration and use of a case pricing tool to be used for pricing direct and delegated authority business. In particular, this involves the refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies.
  • Carry out and support ongoing case pricing reviews, including reviewing and supporting work undertaken by other members of Portfolio Management or across the company.
  • Support the development of reporting dashboards and application.
  • Support the development of databases, processes, data flows, and reporting related to case pricing and delegated authority business.
  • Support projects which affect the use of technical pricing and promote the use of technical pricing at the company.
  • Contribute to the development of the Pricing processes.
  • Successfully collaborate across the Portfolio Management team and all the company departments.
  • Understand market developments globally and ensure that loss trends are understood and reflected in our pricing activities.
  • Develop an expert knowledge of the company’s IT landscape, data and data systems.
  • Carry out deep-dive profitability reviews. This will involve preparation of the data and analysis of the profitability of individual accounts and/or business segments, as required.
  • Ensure that the results of such analyses lead to meaningful portfolio actions and are reflected in the technical pricing models as appropriate.
  • Monitor outcomes of the portfolio actions implemented following profitability analyses.
  • Establish an excellent working relationship with the Underwriting teams to ensure their long-term support for technical pricing concepts and pricing tools.
QUALIFICATIONS
  • Qualified P&C Actuary with at least 5 years’ experience in a technical pricing environment, including the development and management of pricing tools.
  • Strong mathematical and analytical skills with great attention to detail.
  • Experience in the development and data-driven calibrations of pricing tools, both exposure and experience rating, including corporate and specialty lines as well as broader case pricing.
  • Project based experience including management of multiple stakeholders.
  • Ability to work with complicated multi-national data landscape.
  • Self-motivated / proactive with natural curiosity to ask probing questions and ensure that those questions lead to appropriate action.
  • Partnering mentality with the ability to build strong working relationships with peers, management and the business areas.
  • Experienced in discussing technical information to a non-technical audience.
  • Results orientated with a proven track-record of delivering on-time projects and process improvements.
  • Experience of commercial lines pricing desirable, ideally large corporate and specialty lines.
  • Ability to juggle multiple projects and stakeholders.
  • Ability to work in an international / virtual environment.
  • Extensive Excel skills, including VBA preferable.
  • Significant experience in SQL essential.
  • Some experience with Python or R preferable.
  • Knowledge of JavaScript/CSS/the Palantir Foundry platform a bonus.
  • Strong skills in data visualization and interpretation.
  • Understanding of GIT style programming controls.
  • Some experience of Machine Learning and predictive modelling techniques a plus.
  • Experienced in the development of strong end to end solutions, all the way through from problem definition to full analysis to development of actionable recommendations.
  • Independent and self-directed individuals that thrive when faced with challenge.
  • Collaborative approach to working relationships with proven ability in building broad consensus and momentum for cross function projects.
  • Ability to communicate and work effectively with technical and non-technical team members.
  • Desire and ability to learn the business and become an expert in the industry.
  • Organized, self-motivated, results-oriented, and very resourceful.
  • Strong results orientation with a track-record of managing multiple projects for on-time delivery.
  • Experience in an international working environment.
  • Experience of working with colleagues located in different countries an advantage.