The Pricing Department falls under the remit of the Chief Underwriting Officer and works closely with the underwriting, product, actuarial and finance departments. This is an ideal opportunity for a self-driven individual to get excellent experience of bringing the results actuarial work to the business.
Key Duties / Responsibilities:
Working in the Pricing Department, this role will suit a nearly/newly qualified actuary. The role reports to the Pricing Manager with responsibility for the following areas:
• To support planned pricing strategy and profitability for the business
• Take on the role of Pricing Business Partner as part of the Consumer Management team with accountability for the profitability of the Consumer business
• Analysis of profitability of Commercial & Personal lines accounts
• Development and maintenance of technical rating models for high volume business using actuarial software (such as EMBlem)
• 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 Pricing Manager to deliver planned profitability
• Monitoring key account performance in conjunction with the business intelligence, underwriting and product departments
Skills and Competencies:
• Nearly/Newly qualified actuary
• The ideal candidate will have previous experience working in a pricing role in the general insurance industry however candidates with experience in other actuarial areas/disciplines will also be considered
• 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 technical software skills (e.g. EMBlem, ResQ) are desirable
• 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
Please contact Jenny Johnston on +35316099409 or [email protected]
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