Pricing Analyst

4 weeks ago


London, Greater London, United Kingdom Westfield Full time

Job Description

Key Accountabilities

  • Develop, review and enhance the pricing models for each line of business including price monitoring.
  • 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.
  • 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.

Role Requirements

Skills/Competencies

Customer focus:
Establishes partner relationship with stakeholders - especially senior underwriters. Visible & accessible to clients.

Communication:
Communicates well one on one, in small groups and public speaking. Fluent, quick on feet, command of language. Keeps people informed. Writes clear, precise, well-organised documents using appropriate vocabulary, grammar & word usage.

  • Strategic skills - Determines opportunities & threats through comprehensive analysis of current & future trends. Comprehends the big picture.

Judgement / decision making:
Consistent rationality & objectivity in decision making.

Flexibility:
Respond to demand for actuarial support across the organisation.

Qualifications

Qualifications & Experience

  • 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.

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