Actuary / Senior Actuary - London, United Kingdom - Lawes Consulting Group

Description

Senior Pricing Actuary

The role involves spearheading projects aimed at enhancing pricing through the integration of new external and internal data sources.

Additionally, this individual will assume a leadership role alongside other senior team members in formulating rate change proposals within the existing pricing framework.

Evaluate the need for external pricing software support, collaborating closely with IT to enhance the existing system and integrate pricing changes.

Serve as the company's pricing and data expert, providing a reference point for related matters.

Mentor and develop a near-qualified actuary within the Underwriting Management team as part of the Finance team, contributing to pricing work.

Expand the current infrastructure to implement cutting-edge pricing and analytics practices throughout the commercial business in alignment with the company's pricing framework.

Analyse the performance of different customer segments to review pricing structures and recommend changes.
Assess external and internal data sources for their relevance to insurance pricing, offering recommendations.

Create and manage regular reports/dashboards highlighting performance by different segments, providing actionable insights for continuous improvement of the pricing structure.

Translate complex analyses into easily understandable information for non-technical audiences, focusing on the material financial impacts of key modelling.

Take ownership of pricing risk governance, generating relevant regular reports and ensuring the integration of pricing controls.
Communicate results, prepare pricing regulatory returns, and provide Management Information (MI) across the Underwriting and Product Management Committees.
1 or higher in a quantitative degree such as Mathematics, Engineering, or Economics (or equivalent).

Brings over 5 years of experience in commercial insurance pricing, with additional value placed on personal lines pricing knowledge.

Proficient in coding, specifically in Python or similar languages.

Demonstrates prior experience in any programming language, with a preference for SAS, SQL, Big Query, or a similar language.

Proficient in Excel with the capability to establish basic business models.
Experienced in setting and integrating pricing controls, handling complex data, and navigating ambiguity.
Possesses a keen commercial sense, coupled with a deep understanding of FCA/PRA pricing requirements.
#