Senior Pricing Actuary

IPB Insurance; Dublin; Hybrid; EUR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive Salary

Discretionary Bonus

Health Allowance for employees and/or

Holidays 25 days

Pension Scheme

Learning and Development

Job summary

IPB Insurance in Grand Canal Dock, Dublin 2, seeks a Senior Pricing Actuary to report to the Actuarial Director. The role supports a hybrid pattern (two days in the office, three days remote in Ireland) with some additional office days as required.

You will develop pricing models, governance and insights to support underwriting strategy, portfolio performance and regulatory expectations, working across Actuarial, Underwriting and Exposure Management.

Qualifications

• Qualified actuary.
• Robust technical knowledge of general insurance pricing techniques and analytical systems.
• Understanding of Irish insurance market and regulatory environment.

Responsibilities

• Develop and deliver pricing models and governance across lines of business.
• Provide pricing recommendations for large submissions and ensure pricing reflects claims experience, exposure and costs.
• Lead pricing governance, model documentation and compliance with Solvency II requirements.
• Collaborate across Actuarial, Underwriting and Exposure Management to align pricing with risk appetite.

Skills

Actuarial pricing

Analytical skills

Communication

Stakeholder influence

Job description

Title: Senior Pricing Actuary
Reporting to: Director of Actuarial
Location: Grand Canal Dock, Dublin 2
Contract: Permanent
Working Model: Hybrid Working Model (two days in the office, three days working remotely in Ireland on a weekly basis. Flexibility to work additional days in the office will be required depending on business demands).

• Kindly note we do not offer visas or sponsorship for this role. You must have the right to work in Ireland and provide a valid Visa to be considered for this role.

About IPB

Founded in 1926, we are the leading insurer of Ireland's public sector for the past 100 years. As Irelands only indigenous mutual insurer, we exist to protect and safeguard the interests of our Members, consisting of all 31 Local Authorities, 16 Education and Training Boards, the HSE, LDA and Regional Assemblies. In doing so, we play an important role in supporting our Members in serving the needs of their local communities across the length and breadth of Ireland.

About the Role

Reporting to the Actuarial Director, with a strong working relationship with the Head of Performance & Exposure Management, the Senior Pricing Actuary will play a key role in developing and enhancing IPB's actuarial pricing capabilities. The role will support sustainable underwriting performance, Member value and risk-based decision-making by developing pricing models, strengthening pricing governance and providing independent actuarial insight. Working across Actuarial, Underwriting and Exposure Management, the role will ensure pricing reflects portfolio performance, exposure, financial objectives and regulatory expectations.

To be successful in the role you will be accountable for

Pricing & Portfolio Management

• Develop and deliver the annual Member pricing exercise and manage pricing models across relevant lines of business.
• Review pricing tools completed by underwriters and provide technical price recommendations for large individual submissions.
• Ensure pricing reflects claims experience, exposure trends, expenses, reinsurance costs, capital requirements and risk appetite.
• Monitor and report on portfolio performance and pricing adequacy, identifying opportunities for correction or improvement.
• Balance financial performance, Member fairness, retention and market competition across Member and non-Member pricing.

Pricing Governance & Controls

• Develop and embed a robust pricing governance framework, including model documentation, validation, policies and standards.
• Maintain clear documentation and transparency around pricing decisions, assumptions and methodologies.
• Ensure pricing activities comply with Solvency II requirements and relevant Central Bank of Ireland expectations.
• Lead internal reviews, audits and peer reviews relating to pricing processes and controls.

Exposure Management & Risk

• Ensure pricing reflects exposure insights, risk accumulation and portfolio mix.
• Provide insight on catastrophe and large loss exposure and concentration risk.
• Align pricing outputs with IPB's risk appetite and capital considerations.

Collaboration & Strategic Support

• Provide independent actuarial insight to support underwriting strategy, business planning and performance monitoring.
• Support product development, new cover offerings and wider strategic initiatives within Underwriting.
• Work collaboratively across Actuarial, Underwriting and Exposure Management.
• Support the wider Actuarial function with reserving, capital and Solvency II deliverables.

What we're looking for

• Qualified actuary.
• Robust technical knowledge of general insurance pricing techniques, processes and analytical systems, preferably within Commercial Lines.
• A thorough understanding of the Irish insurance market and regulatory environment in which we operate and the implications of regulatory, legal and market changes which may impact our Underwriting operations.
• Experience working with Underwriting and Portfolio Management teams.
• Excellent numerate and analytical skills with the technical ability to command and understand complex data, statistics, actuarial modelling and pricing methodologies.
• Excellent communication skills, with a proven ability to influence key stakeholders, both internally and externally, and a strong ability to translate technical outputs to a non-technical audience.
• High attention to detail and high degree of professional integrity.
• Demonstrated ability to challenge constructively and influence decision-making.

What you'll get

• The opportunity to shape and enhance pricing capabilities across IPB's portfolio.
• A senior role working across Actuarial, Underwriting and Exposure Management.
• Broad exposure to pricing strategy, portfolio performance, governance, exposure management and business planning.
• The opportunity to influence underwriting strategy and support risk-based decision-making.
• Involvement in strategic initiatives, including product development and new cover offerings.
• The opportunity to contribute to sustainable underwriting performance and positive outcomes for IPB Members.

We offer you a culture that is underpinned and supported by our values and behaviours of 'Passionate', 'Service Driven', 'Respectful', 'Trustworthy' and 'Collaborative'. These values underpin how we interact with each other across everything that we do. They guide our thinking, decisions, and actions, creating a truly unique place to work. Every employee is responsible for the creation of our culture which focuses on creating a psychologically safe 'Speak Up' environment, promoting an inclusive and diverse workplace and enhancing our journey in employee engagement and sustained performance improvement.

Lots of benefits including

• Competitive Salary.
• Discretionary Bonus.
• Health Allowance for employees and dependents where applicable.
• Holidays - 25 days annual leave plus the option to purchase more.
• 10 public holidays plus 2 additional company days.
• Generous Pension Scheme.
• A suite of family leave policies.
• Life assurance cover.
• Income Protection Insurance.
• Discounted Home and Car Insurance.
• Learning and Development Opportunities.
• Exam and Study Leave.
• Easy access to our Employee Assistance Programme and suite of Employee Wellness Initiatives including annual Flu vaccine.
• Complimentary lunch and coffee
• Bike to Work Scheme.
• Active Sports and Social Club.

IPB is committed to attracting, developing, and retaining the very best people by offering a motivating and inclusive workplace in which talent is truly recognised and rewarded. We are committed to promoting Inclusion for All with the belief that diversity plays an important role in the success of our business. We actively encourage everyone to consider becoming a part of our journey.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of gender, race, religion, sexual orientation, age, marital status, family status, disability, or membership of the Traveller community. We bring out the best in each other.

IPB is proud to be recognised as a Great Place to Work.

IPB is dedicated to Sustainability and safeguarding your future. We focus on Environmental, Social, and Governance commitments, and invite you to join us in creating a better world for generations to come.

Individuals who are interested in applying for a job opportunity in IPB can request reasonable accommodations to be made throughout the recruitment process.

To learn more about us, please visit here.

Interviews

Interviews will be conducted in-person, in addition to virtually where required.