Pricing Actuary (Casualty)
Overview
The key area of responsibility is for actuarial pricing, providing support to and working with the head of pricing and underwriting teams to develop more profitable portfolios across the business. The person will also lead day-to-day development and maintenance of pricing models across all casualty lines.
This is an opportunity to join a small but growing team at an exciting time as the business targets significant growth over the coming years and looks to develop a pricing function that can support these ambitions. The right candidate will be highly motivated with a drive for doing things better. Scope exists for future line management responsibilities as the team grows.
Key responsibilities
- Provide pricing and analytics support to the various casualty underwriting teams including US Casualty, Healthcare and Professional Lines.
- Develop pricing tools for the estimation of price adequacy and rate change.
- Performing portfolio and transactional/individual pricing analyses (case pricing).
- Conduct reviews of the methodology and assumptions used in casualty pricing.
- Help to ensure pricing model documentation is up to date and accurate.
- Be a good ambassador for the pricing team and develop an effective working relationship with the various underwriting teams.
- Meet the requirements of the IFoA and to always comply with the PRA/FCA's Conduct Standards.
- Work towards completion of the IFoA professional examinations as applicable.
Experience & skills
- Nearly/Newly qualified actuary with pricing experience in the Lloyd's and/or London market.
- Firm grasp of actuarial/statistical techniques used in pricing.
- Strong knowledge of Excel and VBA.
- Coding experience (Python, R etc) would be an advantage.
- Previous casualty pricing experience would be an advantage.
- Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives.
- Strong interpersonal and communication skills with the ability to translate actuarial concepts into business/underwriting terminology.