Actuarial Pricing Analyst

Reference

ACTpa343


Sector

Actuarial


Salary

£50,000 to £65,000 Per Annum


Town/City

London City


Contract Type

Permanent

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Actuarial Pricing Analyst 

Established Lloyd’s Carrier

 

£50,000 - £65, 000

To work as part of the actuarial team providing pricing support to the underwriting team, advising on risk selection, and supporting business reporting needs.

 

Responsibilities:

  • Support the underwriters to assess pricing adequacy on individual accounts both open market and binders.
  • Develop, review and enhance the pricing models for each line of business including price monitoring.
  • 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.
  • Assist with the actuarial elements of the business planning process.
  • Assist with the parameterisation of the internal model.
  • Ad hoc analyses to support management as required.
  • Manage and collaborate group-wide pricing projects.


 

Skills/Qualifications:

  • Student Actuary of the Institute of Actuaries making good progress with CT exams.2:1 in a highly numerate degree.
  • Grade A at A-Level Mathematics.
  • Minimum 2 years actuarial experience.
  • Good Excel, VBA and Access skills.
  • Experience using R and SQL are desirable.

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