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Reserving Analyst
Location : London
Salary : To £70K
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Location : London
Salary : Circa £80K
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Salary : Circa £45K
Deputy Group Chief Actuary
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Head of Reserving
Location : London
Salary : To £100K
Pricing Actuary
Salary: £70000 to £100000

  • The Pricing Actuary will be responsible for providing actuarial pricing support across both Company and Lloyds Syndicate of this organisation and will report directly into the Chief Actuary.
  • The actuarial team is 5 strong which means the candidate ‘fitting in’ is as important as their actuarial skills. Willingness and ability to communicate with underwriters and senior management in a less formal environment is key in this high-profile, communicative role.
  • The support will cover all LOBs and the major duties involved are:

    1.  Pricing

    • Maintain / Develop current models. Support the underwriters in enhancing our current pricing models and ensure good governance around the process.
    • Account Pricing.  Provide assistance to individual underwriters in pricing individual accounts. 
    • Price Monitoring.  Manage the completion of the monthly price monitoring report (renewal & new business), identifying weaknesses in the current approach and working with the underwriting managers to implement improvements.
    • Market Awareness. Be aware of market trends in both rates and loss inflation, particularly in the Australian or New Zealand market.
    • ROC development. Work with the Risk Management Actuary to develop LOB ROC metrics.

    2.  Reserving

    • Assist with Reserving analysis. Support the Chief Actuary and Reserving team during quarter end by independently peer reviewing the Reserving selections and ensuring consistency with the Pricing assumptions.

    3.  Plan/Forecast

    • Bridging Analysis.  Work with the Reserving team to develop expected loss ratios, earned premium and anticipated ROC for each business segment as part of the annual planning process. 

    4.  MI Reporting

    • Monthly MI Reporting.  Develop / maintain suite of MI reports to track trends.

    5.  General Items

    In addition to the specific deliverables listed above, the Pricing Actuary will also need to focus on the following, more general objectives.

    • Communication.  Maintain open lines of communication with management, the other actuaries in the office, in the US, Bermuda, Australia and South Africa. 
    • Staff Mentoring and Development.  Assist in developing and training the junior actuarial analysts in the team.
    • Professional Development.  Maintain continuous education opportunities to improve technical skills and maintain professional credentials. 
    The successful candidate is likely to be a Newly qualified Actuary with at least 3 years Pricing and Reserving experience

Job Type: Permanent
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