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Actuarial Director of Pricing

2 months ago

London, Greater London, United Kingdom Markel Corporation Full time
About the Role

We are seeking an experienced Actuarial Director of Pricing to join our team at Markel Corporation. As a key member of our Actuarial Pricing team, you will play a critical role in driving forward our pricing strategy and ensuring the profitability of our business.

Key Responsibilities
  • Oversee the analysis of the profitability of product lines and individual accounts, and design pricing tools for both actuarial and underwriter use.
  • Validate rating structures and provide insight to support the profitability and growth of various books of business.
  • Help draft Solvency II Opinions and liaise with the capital modelling team to ensure parameterisation is appropriate and business focused.
  • Utilise available statistical data to establish reliable and accurate estimates of the risk, using the most appropriate actuarial techniques.
  • Communicate actuarial results with actuaries and non-actuaries in a clear and concise manner.
  • Document processes, assumptions and methodologies, and results of actuarial analysis.
Requirements
  • Substantial experience of technical pricing, including case pricing large accounts and rating model development.
  • Experience of portfolio management monitoring and development of associated metrics.
  • Experience in the actuarial elements of business planning and parameterisation of underwriting risk, including interacting with other departments.
  • Awareness of the latest market practice and developments in the field of pricing and portfolio management.
What We Offer
  • A great starting salary plus annual bonus and strong benefits package.
  • 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
  • Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan, and other great benefits.
  • Countless opportunities to learn new skills and develop in your career with the necessary support.