Actuarial Pricing Modeller

3 weeks ago


Leeds, Leeds, United Kingdom Direct Line Group Full time

Actuarial Pricing Analyst Role Description

About Direct Line Group:

We are a leading insurance company with a strong focus on customer satisfaction. Our team is committed to delivering exceptional results, and we're looking for talented individuals to join us in shaping the future of insurance.

The Role:

We are seeking an Actuarial Pricing Analyst to join our Commercial Lines team in our Pricing Profitability team. As a key member of our team, you will be responsible for producing the Pricing Best Estimate (PBE) and Possible Outcome Scenarios (POS).

Key Responsibilities:

  • Support with the quarterly reviews of the PBE and POS process for all Commercial Lines Products
  • Work closely with various teams, including Corporate Actuarial, Claims, and Modelling teams, to unlock value through shared data, systems, and methods
  • Ensure the data is of sufficient quality for use in the POS/PBE projections and collaborate with the Data & MI team for timely releases of related data and reports
  • Continuously strive to improve the statistical validity and efficiency of all modelling, projection processes, and techniques
  • Manage the risks involved in running our business, in line with the company risk framework

Requirements:

  • Previous experience in a similar role within pricing or actuarial, or a maths/engineering/data background looking to develop a career in pricing/actuarial
  • Understanding of data quality, processing, and data visualisation principles, as well as some knowledge of data science
  • Knowledge of SAS/Python/SQL
  • Demonstrated evidence of curiosity to develop your skillset

What We Offer:

  • 9% employer-contributed pension
  • 50% off home, motor, and pet insurance, plus free travel insurance and Green Flag breakdown cover
  • Up to 10% annual bonus
  • 30 days' holiday + bank holidays
  • EV car scheme for all colleagues to lease a brand-new electric or plug-in hybrid car
  • Buy as you earn share scheme
  • Employee discounts and cashback


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