Specialty Pricing Actuary

JOB DESCRIPTION

POSITION: Specialty Pricing Actuary

LOCATION: London/ Hybrid

Main Purpose of Role:

• To provide actuarial pricing support for the Property and Specialty lines across the Syndicate business. Work within the actuarial team to support the underwriting teams: advising on risk selection, supporting new initiatives and providing business reporting

Key Accountabilities:

• Develop, review and enhance the pricing models for each line of business, including price monitoring (e.g. Open Market Property model calibration and delegated experience rating)
• Support the underwriters to assess pricing adequacy on individual accounts both open market and binders
• Monitor Class and Business performance by assessing key pricing metrics against planned targets. Communicate findings and develop supporting pricing actions
• Utilise knowledge of the market to adapt pricing techniques in order to achieve organisational targets
• Develop rate change and price adequacy analysis by line of business, class and/or individual risk
• Build effective working relationships with the Underwriting department, providing training and support to underwriting teams where necessary
• Examine historic loss information (internal and external data) across the portfolios to enhance the performance of the accounts

Role Requirements:

• Qualified Actuary (IFoA or equivalent)
• 2:1 degree
• Pricing experience
• Experience of working within the London General Insurance market

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