Pricing Actuary | Personal Lines

Our client is making a significant strategic investment in further developing Pricing sophistication in their European markets. As a Pricing Actuary you will play a key role in the execution of their Pricing Sophistication strategy aiming to implement best-in-world Pricing. You will partner with the Product teams in initiating and driving the vision, strategy and deliverables to meet key objectives in a fast-paced, results-driven environment.

Successful candidates will use a combination of outstanding analytical reasoning, business acumen, and technical skills to deliver data-driven price change recommendations. They will also use their ability to analyse and understand complex data to drive decisions and will have strong cross-functional skills and will be comfortable working closely with Product and UW teams.

Key Tasks & Responsibilities:
• Deliver accurate and timely Pricing analysis to assist business decision making, financial planning, and strategy development
• Assessing profitability and recommending changes for key lines of business based on appropriate tools and assumptions
• Develop, analyse and monitor key performance indicators and assess expected and actual impact of pricing changes
• Build, validate and analyse Pricing models for a variety of purposes
• Perform rigorous validation of data in advance of analysis and actively recommend improvements to data quality.
• Provide clear and concise communication of technical actuarial work to technical and non-technical audience
• Provide technical guidance on complex issues arising and as Subject Matter Expert input to evolving GI Pricing policy
• Help develop positive relationships between the Pricing area and its business stakeholders
• Provide guidance and training to less experienced staff to help their learning and performance
• Support the on-going review of pricing practices, recommending changes and improvements that meet best practice and business objectives and comply with company policies and guidelines
• Direct the development maintenance and improvement of Pricing tools
• Develop solutions, under your own initiative, using sound actuarial/statistical approach to both new and routine Pricing problems

Knowledge & Experience:
• Strong analytical skills with previous experience of applying actuarial/statistical methodologies to business problems
• Strong IT skills, will need to be comfortable with basic programming and eager to develop this skill. Knowledge of SAS, R or Python will be an advantage
• Ideally, knowledge of GI actuarial modelling package such as Emblem, RADAR, Classifier and Earnix
• Good understanding of the business and general insurance industry and of the business implications of analytical results

Qualifications:
• Nearly or Newly Qualified Actuary

For more information please contact Paul at 016099404 or [email protected].

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