Senior Pricing Actuary

4 weeks ago


London, Greater London, United Kingdom SPE Travelers Management, LTD Full time

Job Summary

This is an exciting opportunity to join our team as a Senior Pricing Actuary at SPE Travelers Management, LTD. As a key member of our actuarial team, you will be responsible for providing actuarial support for the Marine and Aviation business unit.

Key Responsibilities

  • Case pricing of individual large risks based on the insured's own historical experience.
  • Business planning, including estimation of loss ratio for each class of business, building profit and loss accounts, and proposing underwriting actions where projected profitability is not acceptable.
  • Pricing models, taking ownership of exposure-based pricing models and being the point of contact for underwriters to build their confidence in the models.
  • Portfolio management, segmenting books of business to identify profitable versus unprofitable risks, monitoring rate and retention by segment, and ensuring underwriters are taking actions that will improve profitability of the book.
  • Using statistical software such as R and Python to manipulate and analyze claims data.
  • Working with underwriters and gaining their confidence so that they act on actuarial insights.
  • Promoting efficiencies in systems and processes, balancing additional effort against incremental lift gained from work.
  • Providing direction and reviewing others' analytical work.
  • Translating business requests into analytical solutions.
  • Providing support as necessary for initiatives within Europe or across the Enterprise within the scope of influence.

Requirements

  • University degree in a STEM-related field (2:1 or above).
  • Programming skills in R/Python or similar.
  • Preferably qualified actuary.
  • Strong understanding of insurance products and industry.
  • Experience in the London market.
  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
  • Management experience (direct or indirect).
  • Excellent communication, collaboration, and relationship-building skills.
  • Ability to present and translate complex information in relevant business terms.

What We Offer

  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.


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