Pricing Actuary | Pricing & Analytics

/Pricing Actuary | Pricing & Analytics
  • Permanent
  • Ireland
  • Ref No: J6355
  • Qualification: Part Qualified
    Nearly/Newly Qualified
    Qualified

The Pricing Department falls under the remit of the Chief Underwriting Officer and work closely with the underwriting, claims, actuarial, sales and finance departments. This is an ideal opportunity for a self-driven individual to utilise their pricing skills and experience to influence business decisions on a range of insurance products.

Key Duties / Responsibilities:
Working in the Pricing Department, this role will join a team of six and will suit a nearly or newly qualified actuary. The role reports to the Head of Pricing & Analytics with responsibility for the following areas:
• To support planned pricing strategy and profitability for the business
• Analysis of pricing adequacy and profitability of the overall portfolio
• Development of pricing analytics to support strategic objectives and profitability targets
• Development of pricing structures to support new products
• Development and maintenance of technical rating models for high volume business using actuarial software (such as EMBlem)
• Implementation of technical rating models within new and existing products
• Enhance pricing capabilities through market leading technical pricing, segmentation and customer behaviour modelling
• Development and maintenance of appropriate tools, models and rating structures that support the pricing of new and renewal business in support of business objectives
• Coordinating, preparing and reporting on results of actuarial analyses and making recommendations to the Head of Pricing & Analytics to deliver planned profitability
• Monitoring key account performance in conjunction with the business intelligence, underwriting and product departments
• Management & mentoring of junior members of the team

Skills and Competencies:
• Ideally a qualified actuary but part qualified actuaries with a number of years pricing experience will also be considered
• The ideal candidate will have previous experience working in a pricing role in the general insurance industry
• Strong problem solving, analytical skills and decision-making ability
• Exhibits self-motivation and drive; takes initiative without the need for approval
• Strong Excel skills. Strong VBA, SAS, Access, Word, PowerPoint and other
• Strong technical software skills, particularly EMBlem and ResQ
• Effective communication, presentation and interpersonal skills
• Knowledge of the insurance industry's trends, directions, major issues and regulatory considerations
• Ability to plan and co-ordinate with business partners on a collaborative basis both within the pricing team and within the wider underwriting function
• Self motivated with an ability to excel in a team based environment
• Flexible team player

Please contact Paul Walsh on +35316099404 or paul@acumen-resources.com for further details.

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 | Dublin | Ireland

Tagged as: General Insurance, Systems

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By |2019-10-14T14:46:19+01:00October 14th, 2019|Comments Off on Pricing Actuary | Pricing & Analytics