Actuarial Pricing Analyst

Actuarial Pricing Analyst 

Established Lloyd’s Carrier

£50,000 - £65, 000

To work as part of the actuarial team providing pricing support to the underwriting team, advising on risk selection, and supporting business reporting needs.

Responsibilities:

• Support the underwriters to assess pricing adequacy on individual accounts both open market and binders.
• Develop, review and enhance the pricing models for each line of business including price monitoring.
• 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.
• Assist with the actuarial elements of the business planning process.
• Assist with the parameterisation of the internal model.
• Ad hoc analyses to support management as required.
• Manage and collaborate group-wide pricing projects.

Skills/Qualifications:

• Student Actuary of the Institute of Actuaries making good progress with CT exams.2:1 in a highly numerate degree.
• Grade A at A-Level Mathematics.
• Minimum 2 years actuarial experience.
• Good Excel, VBA and Access skills.
• Experience using R and SQL are desirable.