Job Title: Assistant Pricing Actuary
Division: Finance - Actuarial
Key Relationships: Underwriters and business managers, Beazley actuaries, claims managers, Data Management, software developers and Ceded Reinsurance teams, Lloyd’s, external actuaries and auditors.
Job Summary: Actuarial pricing for various lines of business at Beazley.
Key Responsibilities:
1. Technical
* Provide pricing and analytics support to the various underwriting teams at Beazley; pricing support includes (as required):
o Developing pricing tools that support the estimation of price adequacy and rate change
o Performing portfolio and transactional pricing analyses
o Performing segmental (e.g. COB/stat, risk code, new/renewal) and trend analyses
o Performance monitoring (e.g. rate change and price adequacy metrics)
o Reinsurance pricing
o Develop, maintain and review pricing models to the required standards
* Produce the relevant monthly/quarterly reports required by the Underwriting Committee
* Understand and support the underwriting controls related to pricing and the Lloyd's Oversight Principles
* Work with the underwriters, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilities
* Maintain pricing model documentation with required frequency, obtaining the appropriate managerial sign-offs
* Assist in other projects undertaken by the actuarial team e.g. liability transfer valuations and business planning analyses
* Build and maintain constructive working arrangements with those groups identified as being key to your role
* Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
* Build your technical pricing skills and experience
* Contribute to improving the pricing processes and methodologies
* Undertake professional, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicable
Personal Specification:
Education and Qualifications:
* University degree in Mathematics or related field
* Progress towards an actuarial qualification
Skills and Abilities:
* General commercial and financial knowledge
* Competent user of MS Excel; VBA, Access, Python, Hyperexponential, SQL and R skills desirable
* Strong analytical skills with attention to detail; accurate and numerate
* Able to communicate effectively both verbally and in writing
* Team worker as well as able to work on own initiative
* Ability to manage time, meet deadlines and prioritise
Knowledge and Experience:
* Building pricing experience; Lloyd’s / London market knowledge desirable
* Grasp of actuarial / statistical techniques used in pricing
* Building understanding of reinsurance and capital with application to pricing
Aptitude and Disposition:
* Outcome focused, self-motivated, flexible and enthusiastic
* Professional approach to successfully interact with team members, internal and external stakeholders
Competencies:
* Achievement and solution focused
* Analytical
* Information seeking
* Stakeholder focus
* Using initiative
* Having integrity
* Taking responsibility
* Being reliable
* Attention to detail
#J-18808-Ljbffr