Actuary - Insurance Pricing Models - London, United Kingdom - Avencia Consulting

Avencia Consulting

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About us
Avencia is partnered with a leading global provider of re/insurance products.

We have an excellent opportunity available for an actuary who enjoys all things model development, who will support a major project for the insurer's pricing team.

This role willcollaborate with actuaries, underwriters and developers.

The role

To manage and provide direction to others, so that actuarial services provided within the entity are in line with the actuarial business plan and broader strategic objectives.
To actively achieve solutions for complex technical challenges by leading the development, enhancements, maintenance and ensuring corporate and actuarial governance standards are met, with the goal of implementing activities or approaches that meet actuarialstandards and support achieving plan loss ratios and profitability as well as the business as a whole.

Key accountabilities

Supporting the Actuarial function with various MI requirements that arise from the relevant management committees.
Understand the importance of, and contribute to, effective collaboration with the relevant business functions (to include but not limited to actuarial reserving, actuarial pricing, actuarial modelling, capital modelling, underwriting, claims, finance) andcontribute to the implementation of process improvements and recommendations being cascaded down from actuarial senior leadership.
Actively participate in actuarial projects arising from the recommendations of the Actuarial function.
Support the functions understanding and effective articulation of the legal and regulatory demands that impact the actuarial team, and the broader business, to contribute to decision making with regards to technical actuarial issues, risk appetite and underwritingstrategy.
Contribute to a collaborative, values driven team culture.

Skills & experience

Skills And Experience

Effective communication
Ability to persuade and influence both directly and indirectly
Ability to manage people and other resources effectively
Ability to produce detailed reports at various levels
Expert user in Excel and other analytical tools.
Ability to conceptualise and lead others in their use for solving specific problems
Excellent in the use and interpretation of numerical data
Ability to organize work to meet deadlines
Ability to work within defined procedures as recommended by functional teams
Qualified Actuary (preferably Fellow of) accredited by Institute of Actuaries or equivalent body
Extensive experience in corporate or consulting environment, the majority in general insurance
Extensive general experience in insurance industry involving data/analysis/systems/projects
Preferred area of studies in a field where analytical and problem solving skills are fundamental and clear written and verbal communication skills were encouraged

Knowledge

Expert skills in actuarial analysis and modelling, project management and communication
Strong technical experience with data manipulation
Established knowledge of actuarial techniques used for pricing and/or reserving insurance
Proficient user of simulation techniques and other actuarial techniques used for pricing loss sensitive product features
Good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting
Good understanding of compliance issues