Commercial Pricing Actuary

Location
London (City of), London (Greater)
Salary
£80,000 - £110,000
Posted
04 Oct 2017
Closes
04 Nov 2017
Contract Type
Permanent
Hours
Full Time

Job Purpose

To provide actuarial pricing advice and support to the business, and to ensure that the performance and profitability of agencies/single risk lines of business are regularly assessed from an actuarial perspective.

To support the Actuarial Manager in delivering pricing objectives for the team in line with the Company’s strategy and business plan.

To support the Actuarial Manager in other work where required, which may include reserving and business planning.

Job Responsibilities

Establishment and maintenance of technical product pricing reviews for agency business, where appropriate

Develop, maintain and improve pricing and benchmarking models for single risk business, in close co-operation with underwriters

Review and assess actuarially new business proposals, including evaluation against group profit requirements

Implementation and regular production of Pricing MI to monitor performance of accounts

Recommend and implement enhancements to existing pricing data and processes, where appropriate

Provide actuarial advice, recommendations and solutions to colleagues for projects that will assist in implementing the organisations strategy.

Calculation of appropriate loss ratios and premium projections for use in the business planning cycle

Carry out quarterly reserve reviews for allocated classes, and recommend appropriate IBNR for the Company’s IFRS reserves

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