Actuarial Analyst (Pricing)

WR Berkley; London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading company in the insurance sector is seeking a Pricing Analyst to support underwriting teams by developing pricing tools and metrics. The role involves market analysis, pricing models, and collaboration with actuaries to enhance pricing strategies. Ideal candidates will have actuarial experience, strong Excel and Python skills, and the ability to communicate effectively with stakeholders.

Qualifications

• Insurance industry actuarial experience.
• Self-starter with proactive approach.

Responsibilities

• Assist underwriters in reviewing and pricing accounts for Property and Casualty Treaty.
• Support development of pricing models and metrics.
• Help produce price monitoring reports.

Skills

Excel

Python

Interpersonal Skills

Education

Institute of Actuaries qualification

Tools

SQL

Job description

Responsibilities

The Pricing function is responsible for developing and maintaining pricing tools and metrics across all of Berkley Re UK’s underwriting teams. This includes market and profitability analysis, managing rate, trend, and other pricing assumptions. The pricing function provides actuarial assistance to underwriting, the business planning process, and the corporate actuarial team.

• Individual Account Pricing:Assist underwriters in reviewing and pricing accounts for Property and Casualty Treaty.
• Pricing Models:Support the development, periodic review, and update of all pricing models and assumptions in collaboration with underwriters and other actuaries.
• Pricing Metrics:Assist with the production of pricing metrics, including priced loss ratios and rate changes.
• Portfolio Tools:Support the Head of Pricing in developing the pricing function, particularly in building out the new pricing platform.
• Monitoring Reports:Help with regular MI for monitoring underwriting performance against plan and prior periods, and produce price monitoring reports.
• Reserve Reviews and Business Planning:Assist in reserve reviews and business planning.

Qualifications

• Insurance industry actuarial experience
• Self-starter, proactive and with the ability to develop, recommend and implement new approaches
• Expert at Excel (including VBA) and/or Python.
• Knowledge of SQL is beneficial.
• Exam progress towards Institute of Actuaries qualification or equivalent
• Strong interpersonal skills with a proven ability to communicate effectively with stakeholders at various levels, both verbally and in writing.
• Ability to work within and promote a diverse and inclusive culture.

Able to establish credibility and build strong relationships with senior underwriters