Description:
We are looking to employ a Senior Pricing Analyst to be based in London, Manchester or Birmingham and to work with us on a full-time basis. You will support the provision of actuarial pricing support to MRSL.
Responsibilities
- Effectively manage, mentor and support junior analyst as required, including managing their time, providing training and reviewing their work as required
- Work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to the underwriters
- Support pricing team in achieving the high standards as indicated within the Lloyd’s oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts
- Construction, review and maintenance of pricing models for varied classes of business
- Analysis of pricing model data including parameter validations
- Support for syndicate business planning process
- Production and review of pricing management information
- New business initiative analyses and independent reviews
- Investigation and utilisation of alternative data sources for parameterisation of pricing models
- Support underwriting within depth portfolio analyses and performance management
- Ensure all advice offered is in line with TAS requirements
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
Knowledge And Skills
- Pricing experience in the London Market
- Experience with Marine and/or Specialty insurance an advantage
- Highly developed mathematical / statistical knowledge in (re)insurance
- Effective communication skills and ability to translate complex models in business terms
- Strong business acumen and interpersonal skills
- Team player and willingness to train junior members in the team
- Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment
- Knowledge of a range of modelling techniques and applications for pricing
- Current Lloyd’s market knowledge
- Willingness to continue to develop knowledge of any pricing related matters.
- Knowledge and understanding of FCA regulations and Lloyd’s standards
- Knowledge and understanding of the underlying principles of insurance and reinsurance
- Education and Professional Qualifications Required / (preferred)
- University degree in Mathematics, Actuarial Science, Statistics, Economics or similar discipline.