Pricing Actuary

Are you ready to make a direct impact on business profitability?

As a Pricing Actuary, you’ll analyze portfolio performance, develop pricing models, and collaborate across teams to ensure accuracy and success. This role focuses on the Engineering Line of Business, where your expertise will drive key decisions and shape the future of our business.

If you're passionate about data-driven insights and actuarial excellence, we'd love to have you on our team!

About the Role

As a Pricing Actuary, analyzing the profitability of the business is key. We need to identify key drivers impacting the portfolio performance.

We develop proposals in collaboration with business owners to mitigate the gap between what has been costed against actual performance and ensuring the profitability of the book.

The Pricing Actuary is also responsible for maintaining and calibrating parameters for tools and models, creating newer models, and large account case pricing.

You will work with counterparts in Underwriting, Reserving, Claims, and Finance to develop an independent Actuarial Pricing opinion on the portfolio's expected performance.

We develop insights on trends and set parameters using Actuarial and Data Science techniques to improve the predictability and accuracy of costing models.

You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.

Key Responsibilities:

Profitability Studies:

• Have a clear independent view on current pricing or loss adequacy driven by data analysis.
• Collaborate with customers and team members to develop a pricing view and represent compelling recommendations.
• Translate details into impactful Executive reports with effective communication.

Costing Accuracy and Data Analytics:

• Translate profitability findings into corrective actions on costing models and parameters.
• Build and maintain costing parameters and tools in accordance with business needs.
• Use actuarial and statistical models to find trends and insights for risk selection or differentiation, and costing improvements.
• Model and price deal transactions.

About the Team

The Actuarial Portfolio Management Property & Specialty team is comprised of a mix of expert members and highly motivated newer members who thrive in a dynamic and fast learning environment.

This team reports into the Chief Underwriting Officer and is part of the Global Actuarial Portfolio Management unit.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking.

We embrace a workplace where everyone has equal opportunities to thrive and develop professionally.

About You

Professional experience:

• A minimum of 4 years of experience in P&C commercial insurance (preferably in Engineering Line of Business).
• Experience in commercial insurance pricing, portfolio profitability analysis, and costing model and tool development.

Technical skills:

• Highly developed numerical and analytical skills, applying these skills to translate quantitative work into effective visualizations.
• A good understanding of actuarial methods, models, and related business processes.
• Statistical programming skills (e.g. R, Python) and knowledge of data science techniques is an advantage.
• Attention to detail while focusing on the bigger picture and high-impact areas.

Personal Leadership Skills:

• Independent and accountable, with the ability to prioritize and complete plans to achieve high-quality results on time.
• Collaborative, open, and diligent, contributing towards a team spirit and sharing insights.
• Ability to articulate work and communicate effectively in various situations.

Educational level:

• Degree in Mathematics, Statistics, Economics, or equivalent quantitative/statistical fields.
• Good progression towards actuarial qualifications/Exams.

We look forward to your application!