Pricing, Actuarial Analyst / Manager - Insurance

Recruiter
RAC
Location
Walsall
Posted
11 Feb 2018
Closes
15 Feb 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
The core function of the Actuarial / Pricing Analyst will be to develop advanced analysis of insurance data and maintaining regular MI to enhance overall market capability.

You will use mathematical and statistical techniques to ensure that product profitability is maintained whilst maximizing growth.

Role purpose:
-Technical pricing /generalised linear modelling of commercial and personal lines business
-Carrying out research and creating statistical models to improve currently used rating system and develop pricing models accordingly
-Analysis of the profitability of insurance products to asses viability
-Using Actuarial, Financial and underwriting experience to deliver a management dashboard to support key strategic decisions
-In-depth statistical Analysis & modelling
-Perform monitoring on a monthly basis and provide management with proposals for rate changes and improvements to pricing approach for products
-Control, production and distribution of MI to relevant business units and supporting the business decisions by making viable and well thought out recommendations
-Assisting in the implementation / creation of new offers and rates
-Research and innovate new data science techniques, working closely with the Insurance Pricing Manager and wider pricing team members
-Develop and maintain projections of future performance and provide solutions to mitigate pressures on business targets
-Supporting the team in the development of RAC financial plans
-Monitor and analyse performance against budget and identifying actions if required
-Provide analysis and support to key internal customers
-Produce communications and presentations of superior quality
-Manage the flow of data from a number of third parties
-Analytical lead for personal lines

Skills, Knowledge and qualifications:
A good quantitative degree in: Mathematics, Statistics, Engineering, Physics, Chemistry, Computer Science or Actuarial Science.
-Proven experience of pricing analysis (such as Finance, Insurance, etc.)
-Solid understanding of underwriting, pricing and analysis techniques is core for this role
-Experience of using mathematics and statistics to explore large datasets for analysis
-Highly capable in the use of programming languages (e.g. SQL, MySQL, R or Matlab)
-Experience in any of the following predictive modelling techniques e.g. Logistic Regression, Log-Gamma GLMs, Resampling Methods, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines and Neural Nets
-Knowledge of Optimisation
-Highly numerate capability with strong analytical & problem solving skills
-Experience of Radar and Emblem desirable
-A natural problem solver
-Strong relationship building and communication skills

No Recruitment Agencies Please - speculative CVs will not be accepted

Similar jobs

Similar jobs