Market Analysis
Business Meeting 2
Typing on a Computer
Signing Contract

Non-Life Pricing Student Actuary

Our Client, a dynamic insurance company, with a strong market brand, is looking to recruit a student NL pricing actuary. This would suit an energetic candidate, with excellent analytical skills

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