Head of Risk Pricing Development
My client is looking for a qualified actuary to oversee and lead the development of innovative new risk pricing ideas such as new rating factors or methodology within the Retail and Group Protection businesses for a very large UK insurance company.
The role will also involve leading strategic reviews of the existing approach to risk pricing experience across UK Protection, challenging all aspects ensuring the UK Leadership Team is provided with an overview of results and recommendations to ensure that future decision making is of high quality and consistent with developing actuarial strategy.
To provide actuarial expertise in the delivery of new projects and initiatives developed within the division to deliver actuarial change.
To research industry best practice (eg by working with Employee Benefit Consultants or Reinsurers) to ensure appropriate systems and data are being considered.
Work with the Commercial Leadership team to ensure new development ideas are embedded into the risk pricing approach adopted by UK Protection.
To ensure that appropriate systems and controls are in place and risks identified and escalated where appropriate to meet the customer and TCF policies.
Establish and maintain contacts throughout the company and externally in order to represent the department appropriately and to recognise the impact and react accordingly to any relevant change, which could impact on pricing strategies or policies.
To take the lead in all matters with regard to the management of employees, ensuring that management discretion is used in a consistent manner and that the area follows the Group’s policies and procedures including the Partnership Agreement to maximise business performance.
Ideally candidates will have a detailed understanding of actuarial techniques for pricing long term insurance products and knowledge of protection products and the impact of product features on risk assumptions.