Actuarial Analyst (Pricing)

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Actuarial Analyst (Pricing)

Actuarial Analyst (Pricing)

  • Location:

    City of London

  • Contact:

    Aaron Gavin

  • Contact email:

    Talent@acinrecruit.co.uk

  • Job ref:

    58

  • Published:

    about 1 month ago

  • Expiry date:

    2021-09-15

Purpose of the Job:

To support the Actuary in delivering the development, improvement and recalibration of pricing tools across Brit

Group, including Ki. To support the coordination of Group functions in developing and maintaining the pricing

process and in-house pricing platforms. To assist the Group Actuaries in Pricing, Reserving, and Insurance Risk as

required.

Principal Accountabilities:

Pricing

• Support the Actuary in development and implementation of pricing tools plans across all classes, in

line with the agreed plans.

• Support the Actuary in ensuring efficient deployment and prioritisation of models into various pricing

software platforms.

• Support the Actuary in coordinating activities across various pricing software platforms: prioritisation

of work requests, understanding business needs and technical requirements.

• Support the Actuary in coordinating model development work within Actuarial and liaising with the

respective software teams.

• Work with underwriting teams to ensure models are appropriate and add value to the risk selection

process.

• Support the development of Technical Pricing MI & Underwriter Toolkit.

• Support class actuaries with model build and recalibration processes as required.

• Support the Pricing team and class actuaries in ad hoc projects as required.

• Engage with overseas offices to ensure pricing tools are appropriate in local territories as required.

Group

• To provide a contribution to the wider Actuarial team via input to pricing, reserving or insurance risk

parameterisation activities and departmental meetings.

Education, Qualifications, Knowledge, Skills and Experience:

• To have commenced the actuarial professional qualification exams and have a willingness to complete

the full qualification.

• Obtained a relevant, numerate degree with a good overall grade and good overall educational passes

at GCSE and A-Level (or equivalent).

• Excellent IT skills, in particular, MS Excel and the wider Office suite. Ability to use R / Python and

other predictive modelling software will be advantageous

The incumbent must also demonstrate the skills and ability:

• To build effective working relationships within the team, across the Actuarial department and across

other internal departments as required.

• To ensure clear and structured verbal and written communication.

• To identify efficiencies and process improvements within tasks assigned.

• To demonstrate a clear understanding of the Actuarial department and the contribution of the

Actuarial Analyst role within it.

• To provide progress updates to management as required, engaging with management to agree

priorities, scope and timescales of tasks.

• To identify any obstacles to the delivery of tasks, problem solving using existing solutions and

escalating any issues to management as required.

• To work with moderate guidance and direction, ensuring delivery of own work to meet deadlines.