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General Insurance Head of Pricing

Employer
About Recruitment
Location
Dublin, Leinster (IE)
Salary
Competitive
Closing date
14 Aug 2022

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Sector
General insurance
Contract Type
Permanent
Hours
Full Time
Experience/Function
Qualified
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Job Details

Introduction

Our client is one of Ireland's largest well-established brokers, with a fantastic brand name, providing a range of insurance services, and other related non-regulated serves.

Our client is embarking on an exciting growth and transformation phase and is now seeking to recruit an actuary as Head of Pricing.

Reporting to the Chief Commercial Officer, the successful candidate will be responsible for a team of analysts and will be accountable for pricing across our client’s full product range, challenging insurers to ensure our Client receives the best premiums for customers in support of retention and new business targets.

The Head of pricing will also be responsible for the delivery of key x-functional analytical activities which support our client’s trading objectives, including customer segmentation and propensity modelling, where appropriate.

The Head of Pricing will be a highly driven, adaptable, and confident people person who can thrive in a rapidly changing organisation and will adopt a hands-on approach to their role.

They will need to work and build strong relationships across both our client’s Insurance and related services, their Transformation, Compliance, Marketing and Product functions, as well as their external Insurance partners.

Work location: The base for this role will be our Client’s Head Office in central Dublin. Our Client operates a Hybrid Working Policy.

 

Key Responsibilities:

As our client’s business continues to evolve, so too will the responsibilities of this role evolve and change over time.

The primary responsibilities and focus areas for this role will include the following:

  • Lead Pricing meetings, and ad-hoc pricing decisions, across all our client’s products to set monthly fee/commission by customer and ensure revenue targets are met
  • Manage/maintain optimal pricing models – continued focus on delivering market leading techniques, ensuring appropriate Model Governance is in place
  • Provide analytical support to our Client’s Customer Long Term Value Programme (CLTV) e.g. segmentation models to drive Retention and X-sell
  • Budget setting of New Business Conversion, Retention and IPP, in conjunction with Finance
  • Pricing Lead at Insurer Product and Pricing meetings

The Candidate should have the following:

Minimum qualifications, experience & skills

 

  • Fully qualified Actuary
  • Minimum 5 years’ experience in General Insurance
  • At least 3 years’ experience managing analytical teams
  • Experience in pricing of Personal Lines and related products Experience with pricing GLMs, multi-variate analysis, conversion/retention optimization, customer segmentation models
  • Extensive knowledge and experience of statistical modelling techniques such as GLMs, and other advanced statistical machine learning techniques.
  • Knowledge of languages such as SQL, R, & Python
  • Strong knowledge of insurance P&Ls and ability to challenge insurer Pricing and Underwriting decisions
  • Experience leading/delivering technical projects
  • Strong data management, analytical and reporting skills – experience of using these in a high data volume environment

Additional Required Key Skills & Attributes

  • Proven ability to lead a team of Analysts – a good people manager
  • Highly numerate and ability to solve complex problems
  • Ability to deliver complex ideas and outputs to Exec-level decision makers
  • Ability to produce accurate and high-quality work to agreed deadlines often at short notice
  • A dynamic and driven individual who is highly adaptable and can thrive in a rapidly changing organisation
  • An excellent self-starter with the ability to own and drive their work independently while collaborating effectively where required internally
  • A positive can-do attitude and someone who can bring innovative solutions to the table on any challenges that may arise
  • A strong work ethic and highly committed individual with a proven track record of delivering successfully to deadlines
  • Ability to think strategically while executing directly at high quality and pace
  • Ability to rapidly flex and reprioritise according to the ever-changing needs of the business and the entrepreneurial culture of our Client
  • Exceptional interpersonal, communication and teamwork skills, and ability to influence and develop relationships with individuals at all levels of the organisation
  • Is resilient and can cope with high pressure work environment
  • Individual with strong people skills who will be a role model for our Client’s teams and behaviours

Company

About Recruitment was founded in 2017 by Ger Bradley, Actuary to provide high quality personalised recruitment services to the Irish actuarial market.  We specialise in Life Assurance and General Insurance in the Irish Market., but occasionally also dabble in pensions and data science. If you are looking for your next move, please contact us in total confidence at the email address or phone number provided below. Or if you know a colleague who is looking, please feel free to use our refer a friend scheme, where you can earn up to €1,500 for a successful referral, subject to some fair terms and conditions (see website).

Ger has over 30 years' experience practising as an actuary, underwriter, data scientist and risk consultant in both Irish and international insurance markets. He has worked in life and general, domestic and reinsurance, the company market and consultancy. He operated at all levels over his career, from student life actuary, to underwriting director, to head of the non-life arm of a large Irish Actuarial consultancy. He was also very active in the Irish Society of Actuaries, and among other things, had the honour of serving two terms on Council, as well as chair of the general insurance committee. 

As a result, Ger has gained a unique insight into what both employers and actuarial, data scientists and risk professionals are seeking from each other. He has very extensive and trusted contacts both in companies and in the actuarial, data analytics and risk communities. 

If you are looking for the right fit for your organisation, or that next move on your path to achieving your career goals, please feel free to contact Ger (in complete confidence) by email at ger@about-recruitment.ie or phone (+00353866019377).

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