Actuarial Pricing Modeller
3 weeks ago
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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