Key Tasks & Responsibilities:
• Provide a specialist Actuarial Pricing service, advising on issues and making recommendations where appropriate
• Management of the Pricing team members to meet objectives, develop the capability and expertise of team members and foster a strong customer culture
• Manage key elements of the design, development and maintenance of Technical Prices for all lines of business based on appropriate pricing tools/ assumptions
• Implement and develop sound Pricing processes and policies to support the delivery of work to the highest standard
• Contribute to recommendations to Underwriting Committees on pricing of all products to provide the required return. This includes overall average prices, pricing structure, parameter values and methodology (eg. experience rating formulae)
• Manage key internal and external stakeholder relationships and manage the integration of the department with others so as to deliver a better service to the business
• Provide models, data and information to assist with the setting of assumptions and targets as part of business planning
• Analyse and monitor key performance indicators including rate change.
• Work with Finance in establishing prospective profitability estimates
• Identify target segments of the key portfolios and communicate these effectively to align Pricing and Marketing activity
• Assess and address data quality issues. Actively work to enhance both internal and external data capabilities
• Monitor and report performance versus the Risk Policy
• Manage appropriate documentation of key controls for Risk Policy
• Lead delivery of Actuarial projects
• Provide technical guidance on complex issues arising and as Subject Matter Expert input to evolving GI Pricing policy
• Support other actuarial and financial management activities as required and provide broader operational support to the Sales & Marketing
• Support the design, development and maintenance of appropriate analytical tools and databases
• Monitor developments in actuarial pricing and research the external market to identify risks and opportunities for the business
Requirements:
• Ideally 4+ years’ experience in a GI Pricing role including some management experience
• Strong analytical skills ideally with modelling experience for Ireland or UK
• Good leadership and interpersonal skills, ability to communicate effectively at senior management level
• Good understanding of project management disciplines an advantage
• Strong IT skills, knowledge of key GI actuarial modelling packages (including Emblem, Radar, Classifier) an advantage
• Sound understanding of the business and general insurance industry
• Clearly understands modern actuarial skills, processes and techniques
• Experience of working within a framework of legal and company policy procedures and guidelines
• Good working knowledge of professional standards and codes
• Experience of leading a team within a broader Actuarial department an advantage
• Report writing and presentation skills
• Experience of working in a multi-cultural or cross-border organisation an advantage
For more information please contact Jenny at 016099409 or [email protected].
Acumen Resources specialises in the recruitment of the following professionals:
Chief Actuary | Head of Actuarial Function | Actuarial Director | Actuarial Function Holder | CRO | CFO | Actuarial Manager | Valuations Actuary | Product Development Actuary | Pricing & Reserving Actuary | Solvency II Actuary | Life Insurance Actuary | General Insurance Actuary | Non Life Actuary | Pensions Actuary | Investment Actuary | Capital Modelling Actuary | Capital Management Actuary | Risk Management Actuary | Enterprise Risk Management Actuary | Newly & Nearly Qualified Actuary| Part Qualified Actuary | Trainee Actuary| Actuarial Trainee | Student Actuary | Actuarial Graduate
