Our Client’s Pricing Department falls under the remit of the Chief Underwriting Officer, who is an actuary with a very strong background in personal lines pricing.  In this role, you will work closely with the underwriting, product, actuarial and finance departments. This is an ideal opportunity for a self-driven individual to utilise their pricing skills and experience to influence business decisions on a range of insurance products.

 

RESPONSIBILITIES

• To support planned pricing strategy and profitability for the business

• Analysis of pricing adequacy and profitability of the overall portfolio 

• Development of pricing analytics to support strategic objectives and profitability targets

• Development of pricing structures to support new products

• Development and maintenance of technical rating models for high volume business using actuarial software (such as EMBlem)

• Implementation of technical rating models within new and existing products

• 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

• Management of junior members of the team

 

REQUIREMENTS

• Ideally a part-qualified actuary with a number of years pricing experience

• The ideal candidate will have previous experience working in a pricing role in the general insurance industry 

• Strong problem solving, analytical skills and decision-making ability

• Exhibits self-motivation and drive

• Strong Excel skills. Competent with SAS, Word, PowerPoint

• Familiarity with technical software, particularly EMBlem and ResQ

• Effective communication, presentation and interpersonal skills

• 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

• Flexible team player