Job Resposibilities
The pricing actuary will be responsible for supporting the FL and Package businesses, providing pricing analysis and granular performance monitoring.
Providing the APAC Business with the actuarial support they require to profitably grow their business and take remedial action where needed.
Produce transactional pricing analysis for accounts within agreed timescales, working closely with underwriters.
Actively involved in technical pricing tool development and enhancements, whilst considering local market requirements.
In co-ordination with the actuarial pricing team, monitor rates at renewal and new business, ensure technical pricing models are in place and reviewed regularly and that any deviation is justified and monitored.
Report performance at granular level (account and rating factor) so that underwriters can optimise performance.
Ensure data used for pricing and monitoring is complete, accurate, adequate and timely.
Responsible for training and mentoring junior members of staff.
Comply with key regulatory and risk management procedures.
Requirements:
Bachelors degree or equivalent in Mathematics/Actuarial Science
Associate or Fellow member of an Actuarial Institute
Proven proficiency in actuarial pricing concepts/methodologies
Increasing understanding of general insurance including underwriting policies, claims handling policies and local legislation
Knowledge of PC and mainframe environments
Knowledge of SAS, VBA, R
Developing ability to communicate actuarial concepts to non-specialists.
Ability to forge relationships with other areas of the business
Ability to work under own initiative and show flexibility to meet business needs
Ability to meet tight deadlines and prioritise own work
Professional behaviour with high level of integrity
