Pricing Actuary

Overview

Pricing Actuary role n to apply for the Pricing Actuary role at Beazley.

• Provide pricing and analytics support to the various underwriting teams at Beazley; pricing support includes (as required):
• Developing pricing tools that support the estimation of price adequacy and rate change
• Performing portfolio and transactional pricing analyses
• Performing segmental (e.g. COB/stat, risk code, new/renewal) and trend analyses
• Performance monitoring (e.g. rate change and price adequacy metrics)
• Ceded reinsurance pricing
• Develop, maintain and review pricing models to the required standards
• Produce the relevant monthly/quarterly reports required by the Underwriting Committee
• Provide training to underwriters in pricing; this includes the benchmarking and rate change requirements
• Understand and support the underwriting controls related to pricing and the Lloyd s minimum underwriting standards
• Understand and apply the pricing quality assurance process
• 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
• Provide support and mentoring to the junior members of the team
• Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
• Identify opportunities and contribute to delivering improvements in the pricing processes and methodologies
• Undertake professional, technical and career development training; this includes pursuing the actuarial qualification where applicable

• University degree in Mathematics or related field
• Actuarial qualification

• General commercial and financial knowledge
• Competent user of MS Excel; VBA, Access, 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

• Pricing experience;
  Lloyd’s / London market knowledge desirable
• Firm grasp of actuarial / statistical techniques used in pricing
• Understanding of reinsurance and capital with application to pricing

• Outcome focused, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with team members, internal and external stakeholders

• Achievement and solution focused
• Analytical
• Information seeking
• Stakeholder focus
• Using initiative
• Having integrity
• Taking responsibility
• Being reliable
• Attention to detail

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefit ting from the most advanced thinking in the insurance market.

Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Our three core values inspire the way we work and how we treat our people and customers.

• Be bold
• Strive for better
• Do the…