Single Risk Pricing Actuary

2 weeks ago


London, Greater London, United Kingdom HDI Full time

HDI Global Specialty SE is a specialty lines insurer. It is owned by HDI Global SE, part of the Talanx Group. HDI Global Specialty's focus is on writing agency and specialty insurance business with operations in 9 locations and access to a global network of more than 175 countries through the HDI Global SE network. HDI Global Specialty also enjoys the same financial strength as HDI Global SE.

The role
  • To provide actuarial pricing advice and support to the Single Risk pricing function, with particular attention to monitoring of results and establishment/maintenance of pricing methodology.
  • Support the company in our ambition to provide market leading Actuarial Pricing support and control of our Underwriting. In particular, supporting the establishment of Single Risk pricing governance and, where required, delivering and maintaining our Single Risk pricing models.
  • To support the Single Risk Pricing Manager in developing the pricing objectives for the team and play an active role in embedding these objectives.
  • Support the production and delivery of relevant Actuarial systems, projects and activities in line with the Company's strategy and business plan
Key accountabilities

Actuarial

  • Develop and maintain per risk pricing models for Single Risk business.
  • Provide actuarial advice, recommendations and solutions to colleagues for projects that will assist in implementing the HDI Global Specialty strategy
  • Implementation and regular production of Pricing MI to monitor performance of accounts.
  • Calculation of appropriate Single Risk loss ratios and premium projections used in the business planning cycle

Relationship Management

  • Build strong and effective relationships within the business, encouraging cross Company team working to facilitate effective commercial underwriting decisions.

Compliance and Conduct

  • Maintain an understanding of and comply with all relevant FCA / PRA / Company regulatory requirements and other relevant regulatory requirements.

Reporting

  • Ensure appropriate documentation is completed for allocated work with the necessary commentary, insights and findings in line with HDI Global Specialty policies and procedures, and actuarial best practice.

Process Improvement

  • Identify and enhance the quality and value of processes across the Finance and Operations function.
Skills & experience
  • At least 6 years' experience of general insurance pricing, ideally London Market.
  • Extensive and varied knowledge of actuarial best practice and market standards in pricing.
  • Experienced user in software relevant to actuarial analyses (e.g. Python, SQL, GLM software)
  • Strong knowledge of Microsoft Excel and VBA for excel
  • Ideally with managerial experience
  • Ideally experience of working closely with the Underwriting community in the construction of per risk pricing models.
Other

If you require support with your application, please contact HDI--

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