Commercial Lines Pricing Actuary – Planning and Rate Adequacy Lead
Job Ref: 2550
Location: Dundrum - Dublin 16
Close date: Not set
Vacancy Description
Join RSA and make a difference every day.
Whether you are just beginning your career or looking to take the next progressive step in your journey, RSA Insurance is an organization where you can be yourself, learn and develop and a place where your ideas and contributions matter.
With offices in Belfast, Galway, and Dublin, we have embraced hybrid work, empowering our people to work flexibly to suit their individual needs, enabling them to deliver great service to our customers every day.
As a proud member of the Intact family, we’re part of something bigger with a presence in North America, the UK, and Europe. Our business has grown organically and through acquisitions to over $21 billion of total annual premiums.
Culture and Community
RSA is a purpose-driven business – our purpose is to ‘help people, businesses, and society prosper in good times, and be resilient in bad times’.
We do that by living our values – Integrity, Respect, Customer-driven, Excellence, and Generosity – in everything that we do.
Commercial Lines Pricing Actuary – Planning and Rate Adequacy Lead
This role will involve the development and ongoing maintenance of a suite of the commercial lines planning and rate adequacy processes. This will require technical development skills in Excel and SAS, along with an in-depth knowledge of Commercial Lines products.
The role will also require significant stakeholder management, engaging with the Portfolio, Underwriting, Finance, and Data functions to scope and develop optimal solutions. From time to time, the role may require assistance to other areas of Pricing focus. The role will report directly to the Head of Commercial Lines Pricing.
Key Responsibilities:
* Ongoing operation, maintenance, and development of the Commercial Lines Planning loss ratio processes.
* Developing and maintaining a suite of Commercial Lines price adequacy processes.
* Development and mentoring of more junior team members.
* Assisting or advising on other areas of Commercial Lines Pricing focus.
* Contributing to the development, maintenance, and improvement of existing rating algorithms and platforms.
* Quarterly analysis and reporting on profitability for nominated classes of business.
* Analysing information to identify variances, trends, anomalies, etc., and explaining, highlighting, and/or referring relevant issues to others as appropriate.
Requirements:
* 10 years work experience in General Insurance. Significant previous experience in Commercial Lines Pricing is highly desirable.
* Mathematical or statistics 3rd level qualification or equivalent.
* Fellow of the Society of Actuaries or equivalent (Good candidates who have significant relevant experience will also be considered).
* Very advanced knowledge of Excel and SAS (or similar applications).
RSA Insurance Ireland DAC and its affiliate companies consider applicants on the basis of qualifications and without regard to race, colour, religion, sex, national origin, age, marital or veteran status, sexual orientation, disability, or any other legally protected status.
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