JOB DESCRIPTION
POSITION: Specialty Pricing Actuary
LOCATION: London/ Hybrid
Main Purpose of Role:
- 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
Key Accountabilities:
- 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)
- Support the underwriters to assess pricing adequacy on individual accounts both open market and binders
- Monitor Class and Business performance by assessing key pricing metrics against planned targets. Communicate findings and develop supporting pricing actions
- Utilise knowledge of the market to adapt pricing techniques in order to achieve organisational targets
- Develop rate change and price adequacy analysis by line of business, class and/or individual risk
- Build effective working relationships with the Underwriting department, providing training and support to underwriting teams where necessary
- Examine historic loss information (internal and external data) across the portfolios to enhance the performance of the accounts
Role Requirements:
- Qualified Actuary (IFoA or equivalent)
- 2:1 degree
- Pricing experience
- Experience of working within the London General Insurance market