Location: London/ Hybrid
Salary: £65,000 per annum
About the role
To support the Actuarial Analytics – Pricing team in the development and deployment of pricing tools. To be a key point of contact across functions in developing and maintaining the pricing process and pricing platforms.
Principal Accountabilities:
Pricing
- Support the Lead Pricing Actuary in the development & recalibration of pricing algorithms across all classes, in line with the agreed plans, ensuring appropriate levels of input and feedback.
- Work with the Lead Pricing Actuary to collaborate with group functions to ensure efficient deployment of Python pricing models into the underwriting platform.
- Support the communication of key insights and recommendations from pricing algorithm reviews, including any uncertainties & limitations, to key stakeholders, including underwriting, actuarial SMEs and other analytical teams.
- Support the robust review, challenge and documentation of all analytical work within the rating model hub.
- Support the Lead Pricing Actuary in ensuring models are appropriate and add value to the risk selection process.
- Investigate ways of adding value to pricing analyses and supporting the implementation alongside other teams as appropriate.
- Support the Actuarial analytical engineering team in the development of tools which enhance the value and efficiency of the pricing model review process.
- To represent the Actuarial team in, and be an active and constructive contributor to, the Group’s strategic initiatives in respect of pricing as appropriate.
- Support the Lead Pricing Actuary in ad hoc projects as required.
- Have a detailed understanding of each line of business written within the relevant business units.