Job Description
As a key member of the North America Inland Marine pricing team, you will independently conduct quarterly price monitoring reports and play a crucial role in the pricing process.
- Pricing Support: Actively attend pricing meetings, addressing queries and providing support to pricing actuaries and business leaders.
- Effective Communication: Summarize and communicate analysis results with clarity and precision, ensuring accuracy and an eye for detail.
- Conduct Price Monitoring Studies: Perform thorough monitoring studies for Inland Marine insurance products to assess pricing adequacy and identify emerging trends.
- Analyze Historical Data: Evaluate historical loss data, premium production, and retention rates to assess pricing effectiveness and recommend adjustments as necessary.
- Provide Actionable Insights: Develop insights and recommendations for pricing adjustments based on monitoring results and data analysis.
- Collaborate Cross-functionally: Work with cross-functional teams to evaluate potential impacts on the portfolio and overall business strategies.
- Prepare Reports and Presentations: Create comprehensive reports and presentations to effectively communicate findings and recommendations to senior management and stakeholders.
- Stay Informed: Keep abreast of industry developments and best practices in pricing and actuarial methodologies to enhance team knowledge and practices.
Eligibility Requirements:
- Educational Background: Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field
- Actuarial Exams: Good progress in actuarial exams having successfully passed at least four exams.
- Experience: Minimum of 3 years of relevant actuarial experience in Property & Casualty insurance, preference given to candidates with some pricing experience.
- Technical Skills: Strong analytical skills and proficiency in statistical software (e.g., R, Python, SQL) as well as advanced Excel and VBA capabilities.
- Communication Skills: Exceptional communication abilities, able to convey complex information clearly to non-technical stakeholders.
- Problem-Solving Abilities: Strong problem-solving skills with meticulous attention to detail.
- Teamwork and Independence: Proven ability to work both independently and collaboratively in a team environment.
