Pricing Actuary

Sorry, this advert is now closed. Click here to view our live vacancies.
GENERAL JOB DESCRIPTION
 
Pricing Actuary, based in Glasgow, will be responsible for pricing activity and actuarial support across Europe and Africa. In addition you will be responsible for managing the profitability of a run-off portfolio in UK and Europe consisting of a range of travel, credit, life, disability, dental and personal accident products. Further responsibilities will include providing general support to the actuarial manager
 
ABOUT OUR CLIENT
 
Our client is a market-leading global insurer based in Glasgow that prides itself on excellent customer service.
 
THE SUCCESSFUL APPLICANT
 
  • Minimum 2 years post - Professional Actuarial qualification experience in the Insurance Industry.
  • University degree in numerate subject
  • Recognised Professional Actuarial qualification (for example FFA or FIA if UK qualified Actuary)
  • Team working - internal/external
  • Customer Focus - internal/external
  • Regulatory awareness
  • Knowledge of processes, procedures and systems
  • Coaching skills
  • Intermediate Microsoft applications – word, outlook, excel
  • Leadership and management skills – managing performance, motivation, team building, etc
  • Identification of problems and analytical problem solving
  • Financial knowledge – profit and loss account, cost centres, budget forecasting
  • Excellent business and product knowledge
  • Excellent relationship management
  • Excellent Communication and presentation skills
  • High degree of ethics and integrity
  • Ability to use independent judgement and discretion
 
JOB DESCRIPTION 
 
  • Development, testing and documentation of Actuarial models for ongoing pricing optimisation, in particular ownership of the medical pricing model.
  • Supporting and advising Underwriting and the business in relation to pricing case referrals on items such as new market entry or new product development. 
  • Claim and Loss Ratio projections for financial planning and forecasting. 
  • Testing adequacy of premium rates and profitability to make recommendations for future price changes then manage implementation of pricing changes when approved. 
  • Comparison of actual to expected experience to understand business drivers. 
  • Preparation of experience studies to enhance pricing optimisation. 
  • Managing data requirements to support model development or projects to ensure that that data is complete, accurate and fit for purpose. 
  • Provide other technical actuarial support to the business in relation to pricing including the impact of reinsurance. 
  • Manage and develop a team of 3 people and work with the actuarial manager to ensure best practice is implemented across the department.
  • Actively support the Actuarial Manager. 
REMUNERATION PACKAGE ON OFFER 
 
Competitive salary and benefits package.