Specialty Pricing Actuary

JOB DESCRIPTION

POSITION: Specialty Pricing Actuary

LOCATION: London/ Hybrid

Main Purpose of Role:

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• To provide actuarial pricing support for the Property and Specialty lines across the Syndicate business. Work within the actuarial team to support the underwriting teams: advising on risk selection, supporting new initiatives and providing business reporting
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Key Accountabilities:

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• Develop, review and enhance the pricing models for each line of business, including price monitoring (e.g. Open Market Property model calibration and delegated experience rating)
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• Support the underwriters to assess pricing adequacy on individual accounts both open market and binders
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• Monitor Class and Business performance by assessing key pricing metrics against planned targets. Communicate findings and develop supporting pricing actions
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• Utilise knowledge of the market to adapt pricing techniques in order to achieve organisational targets
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• Develop rate change and price adequacy analysis by line of business, class and/or individual risk
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• Build effective working relationships with the Underwriting department, providing training and support to underwriting teams where necessary
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• Examine historic loss information (internal and external data) across the portfolios to enhance the performance of the accounts
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Role Requirements:

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• Qualified Actuary (IFoA or equivalent)
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• 2:1 degree
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• Pricing experience
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• Experience of working within the London General Insurance market
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