Pricing Actuary

Recruiter
Emerald Group
Location
Lanarkshire
Salary
Market Rate
Posted
09 Feb 2018
Closes
09 Mar 2018
Ref
1024871
Contract Type
Permanent
Hours
Full Time

Consultant Name: Michael Doherty

Telephone Number: 02038679863

Email Address: michael.doherty@emerald-group.com

Key Responsibilities:

  • Development, testing and documentation of Actuarial models for ongoing pricing optimisation, in particular ownership of the medical pricing model
  • Supporting and advising Underwriting and the business in relation to pricing case referrals on items such as new market entry or new product development
  • Claim and Loss Ratio projections for financial planning and forecasting
  • Testing adequacy of premium rates and profitability to make recommendations for future price changes then manage implementation of pricing changes when approved
  • Comparison of actual to expected experience to understand business drivers
  • Preparation of experience studies to enhance pricing optimisation
  • Managing data requirements to support model development or projects to ensure that that data is complete, accurate and fit for purpose
  • Provide other technical actuarial support to the business in relation to pricing including the impact of reinsurance
  • Manage and develop a team of 3 people and work with the actuarial manager to ensure best practice is implemented across the department

Skills/Qualifications:

  • At least 2 years post-professional Actuarial qualification experience in the Insurance Industry
  • University degree in numerate subject (or equivalent)
  • Recognised Professional Actuarial qualification (for example FFA or FIA if UK qualified Actuary)
  • Intermediate Microsoft applications – Word, Outlook, Excel
  • Financial knowledge – profit and loss account, cost centres, budget forecasting
  • Excellent relationship management
  • Excellent Communication and presentation skills

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