Test Environment

Pricing Actuary - Marine

Posted on - 20 December 2018

Purpose of Role

Help the Actuarial Pricing team achieve its goals and provide pricing support to the Marine and PV & War Divisions.

Pricing

  • To assist with pricing models as follows:
  • in the development of new pricing models. 
  • in the maintenance and enhancement of existing pricing models. 
  • in the periodic recalibration of pricing models and tools to reflect the current year's business plan. 
  • To perform and develop individual risk pricing in support of the underwriters. 
  • To assist in the collection and research of pricing data, and then in the development of analysis and reporting of pricing data.
  • To be an expert on the exposure, rate, and adequacy data for supported Classes

Rate Monitoring

  • To assist in the support of the existing rate monitoring process, eg to assist in the development of tools to help underwriters assess rate changes.  

Business Planning & Capital Modelling

  • To assist the Strategic Analysis sub-team as required in developing annual business plans and parameterisation of gross loss in the Internal Model.
  • To assist with Internal Model Validation as required  

People Management 

  • To maintain strong relationships with the Underwriting teams within supported Classes
  • To coach junior members of the Analytics Department.
  • To be a proponent of analytics and data management to the wider business

General

  • To assist generally in the efficient running and management of the business. 
  • To help the Actuarial Pricing team achieve its goals, with particular emphasis on the following areas. 

Experience

  • London market pricing experience

Qualifications

  • AIA or FIA

Desired Skills

  • Strong organizational skills
  • Good communication skills (oral and written)

Immigration :

We abide by local immigration laws and will ensure that the successful candidate has the right to work in the appropriate country before confirming any job offer. 

Only applicants who already have the right to work in the UK may apply for this role.

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