Pricing Actuary

The Actuary will be responsible for developing the pricing role of the Actuarial Function for the Company, working closely with the Chief Actuary and Senior Underwriters.

Responsibilities

Developing the pricing role of the Actuarial Function for the Company, working closely with the Chief Actuary and Senior Underwriters; Building and continuing maintenance of pricing models for the Syndicate and MGA; Ensuring model outputs capture all relevant information, for example, Syndicate pricing models meet the requirements of the Lloyd’s PMD and Lloyd’s principles; Develop data and infrastructure/systems to provide optimum pricing tools for the business including development of management information including rate change monitoring; Validate models at regular intervals using benchmark data, historical data & scenario generated outcomes. Review model usage

Requirements

Member of the Institute & Faculty of Actuaries; Circa 5 years’ experience in the London market, preferably with Lloyd’s experience; Advanced knowledge of pricing; Exposure to and knowledge of reserving and capital models