Assistant Pricing Manager

6 days left

Massenhove Recruitment
02 Feb 2017
02 Mar 2017
Contract Type
Full Time

Assistant Pricing Manager

Role Overview:

This individual assists the Pricing Manager in the day to day management of the Pricing Team in their deployment of the pricing team strategy. The individual will manage junior actuarial resources to build and enhance pricing models as well as provide support for the pricing and monitoring of individual contracts. Working across a number of underwriting divisions, the ability to communicate, prioritise and respond to underwriters needs in a timely manner is essential since the Pricing Team is involved in a number of business processes.

This role offers the opportunity to be involved in reinsurance purchasing, business planning and longer-term strategic initiatives, and as such requires someone who can confidently articulate their findings to senior management.

The individual will be highly motivated, actively engaging with underwriting teams to understand their lines of business and to identify areas where the Pricing Team can help improve the underwriting and pricing processes.

Depending on experience, the individual will have management responsibility for up to two junior colleagues.

Core Duties:

Produce, enhance and maintain commercial lines rating models

Account pricing and other Underwriter support and analysis work

Develop and introduce new pricing techniques where appropriate opportunities arise

Peer review of rating models and rating work

Represent the Pricing Team at monthly underwriting meetings - be point of contact for given underwriting divisions.

Support the outwards reinsurance purchase process

Where relevant, supporting direct reports in their progress towards professional qualifications

Provide training to Junior analysts to complete their duties

Produce and present underwriting training sessions

Assignments arising from Underwriting Management and Lloyd’s requirements

Engage in strategic initiatives

Providing support to other areas of the business on an ad hoc basis when required

The ideal candidate will have the following key skills and attributes:

Experience as an actuary working within the London Market pricing, reinsurance or insurance Desirable

Comprehensive knowledge of Excel Desirable Essential


Qualified, or suitably experienced, member of the Institute and Faculty of Actuaries (or equivalent actuarial organisation)

2.1 degree in a Maths or Maths-related subject (e.g. Physics, Engineering, Statistics)

3 or more good 'A’ levels, including Maths