Pricing Actuary

Pricing Actuary (Reinsurance)

Key Accountabilities

• Contribute to and take responsibility for the development of some segments of pricing and rating tools
• Develop strong working relationships with underwriting teams to develop the use of technical pricing in decision making across the business
• Production of case pricing as an essential support for Underwriters
• Assist with the development and implementation of pricing controls and systems of governance, focusing on enhancing quality and qualify of pricing data capture
• Support the Lead Pricing Actuary in ensuring consistency of assumptions across the department
• Contribute to multi-disciplinary projects
• Assist with the training and development of the Actuarial students in pricing techniques
• Takes responsibility for own and colleagues' Health & Safety at all times
• To ensure customers are treated fairly at all times, in accordance with the Conduct Risk Policy and other relevant policies and procedures.
• GDPR, ensuring that the business complies with these requirements.
• To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.

Knowledge & Qualifications

• 2:1 in a numerate degree
• Qualified actuary in the UK, US or Europe
• Skills & Demonstrable Experience
• Experience in pricing treaty reinsurance business
• Software / Programming Skills: Advanced Excel (essential)
• Experience in using a programming language e.g. VBA, R, Python or SQL (very desirable)
• Technical Actuarial / Statistical Skills
• Knowledge of actuarial techniques for pricing primary, risk & aggregate excess of loss insurance
• Knowledge of actuarial techniques for pricing proportional and excess of loss reinsurance products
• Familiarity of simulation techniques used for pricing loss sensitive product features
• Familiarity with jargon and practices in London Market and UK Commercial Lines Insurance and Reinsurance
• An understanding of actuarial techniques used in reserving property and casualty insurance and treaty reinsurance
• A good understanding on how pricing work is used by non-pricing actuaries, underwriters and management.
• Communication Skills: Ability to communicate statistical and actuarial output to underwriters and management.

Education required for this role: At Antares, we empower our talented team members through active involvement and collaboration, driving strategic and business goals whilst delivering exceptional services to our customers and partners. Our unique organisational structure fosters unparalleled sharing of information, knowledge and expertise, creating a vibrant and innovative working environment. Our culture of excellence is fuelled by continuous learning and development opportunities across all areas of our international operations. We believe in nurturing your potential and helping you grow with us.