Pricing Actuary

We’re looking for a qualified or nearly-qualified Pricing Actuary with experience in automated/digital underwriting distribution.

About The Job

What you’ll spend your time doing:
While there is rarely a ‘typical’ day as a Pricing Actuary, here’s a snapshot of some of the key parts of the job:

• Developing a strong working relationship with Underwriters, the senior management team and Underwriting Management;

• Managing and/or assisting in the development, maintenance & testing of models acting as the first point of contact for underwriting clients;

• Analysing the performance of current integrated pricing models and potential portfolio tenders;

• Acting predominantly as the interface for the AISE UK Digital business with regards to Actuarial Pricing and to support where needed the Digital developments across AISE.

• Work closely with the rest of the AISE Pricing team and AISE underwriters to ensure consistency of pricing models were possible, and that projects are delivered in a collaborative manner. 

On a monthly basis:

• Update mix analyses and rate movement on all e-trade products.
• Quote conversion analysis on Fleet (when complete)

Quarterly, you will:

• Standard Formula Catastrophe Risk Exercise – providing CAT exposures for Fleet in prescribed template on a quarterly basis.
• ULR projection on fleet business ahead of quarterly reserving meetings.
• Performance review of the business, including impact analyses on rating changes made (monitoring is ongoing and happens more often than quarterly)

On annual basis you will:

• Q1 Reinsurance renewal for Fleet – work with underwriter to provide fleet exposure and claims in summary document and questionnaire template provided by reinsurance broker.

You’re going to enjoy this job if you also…

• Like to advice on pricing, model and management information development by using familiarity with business unit classes, markets and models.

• Like to work with Underwriters as well as senior management.

• Like to work in an international capacity (with our Amstelveen office and mostly interacting with London team).

What you’ll need:

For this particular role there are some important qualifications and experience we need you to have. These include:

• Actuarially Qualified or Nearly Qualified

• Experience in automated/digital underwriting distribution

• Actuarial Pricing Expertise required in the following classes:

  • Fleet, Commercial Package & Agricultural Vehicle

• To be able to work with data therefore therefore strong technical skills is required i.e SAS (or eventually VBA knowledge or python, VB.Net or SQL)

• Good working knowledge on programming

• Experience in London Reinsurance Market underwriting classes and environment

• Advanced knowledge of Excel

• Good interpersonal  and communication skills

• Attention to detail, proactive, flexible and adaptable.

What you can expect from us:

A competitive salary and benefits package is a given, but you can also expect:

• Continuous learning and development opportunities.

• A great team and supportive colleagues

• A programme of wellbeing and mental health support

• Flexible working

• Structured career development.

• Working in a dynamic, growing and international company.

• Working in a role with a particular focus on entrepreneurship, initiative and personal development.