Pricing Actuary, IQUW

Job Locations UK-London
Job Post Information* : Posted Date 1 week ago(18/11/2021 18:55)
Job ID
2021-1085
# of Openings
1
Category
Actuarial

Overview

Are you an experienced Actuary looking for a new challenge in a fast-moving business?

 

Our Pricing Actuaries support IQUW Groups expansion to underwrite Marine, Property, Professional Lines, Reinsurance and Speciality business.

 

  • Reporting to Pricing Lead your main responsibilities in the role will be to:
  • Design and implement pricing processes for syndicate 1856
    • Work with Underwriters to define key policy parameters
    • Identify internal and external data sources
    • Set up pricing templates for use by underwriters
    • Design calculation software to calculate Risk Prices and Market prices reflecting agreed expense and profit loadings
    • With IT support, implement pricing software
    • Act as expert adviser to underwriters using the pricing software, adding bespoke features as required
  • Develop strong communication and collaboration with underwriters and Chief Actuary’s team
  • Ensure all regulatory requirements from Lloyd’s, PRA, FCA impacting 1856’s pricing function are known and addressed. Contribute to AFRs as required
  • Responsible to deliver additional analysis and documentation that may be required
  • Assist the capital team in validating syndicate 1856’s internal model assumptions

We’d like to hear from you if you have:

  • Actuarial skills at the level of a qualified UK actuary
  • Detailed pricing knowledge in Specialty lines
  • Experience with programming in R an advantage
  • Knowledge and skills relating to the management of insurance data
  • Strong written and face to face communication skills

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