Trainee Pricing Actuary

Responsibilities will include but are not limited to:

• Developing models for pricing fleet motor fleet and ancillary business
• Assist the underwriting team with pricing recommendations and implementation of new rating structures for existing and new business opportunities
• Analysing and reporting on trends and identifying profitable opportunities
• Assist the pricing function with reviews including a review of systems, review of pricing policies and procedures in conjunction with the underwriting team
• Deliver a high-quality actuarial pricing service including externally to overseas entities
• Provide actuarial assistance on internal projects and initiatives including assisting the Analytics area on (inter alia) more granular investigations on claim trends and interacting with the relevant stakeholders on mitigating actions and next steps as required.
• Assist in the preparation of information for the quarterly board meetings and group risk management meetings

Knowledge:

• Up to approximately three-years’ experience in an insurance actuarial environment preferably with non-life experience
• Good pricing knowledge, ideally completion of or progression with SP8 (Pricing) and /or knowledge of actuarial pricing software particularly proprietary packages (e.g. Emblem, Earnix)
• Previous fleet motor and/or personal lines motor experience is desirable
• Ideally, some exposure to reserving including software packages used (e.g. ResQ)