Pricing Actuary

For an international insurance company we are looking for a pricing actuary. Are you a experienced actuary and looking for a next step? Are you excited for a job where you will be responsible for the complete Dutch market? Then keep reading!

The purpose of this role is to lead the development, execution and continuous improvement of pricing insights hub in accordance to the analytical and pricing requirements for the business

The team you will be joining provides coverage for all businesses within the Europe subdivisions. This corresponds to approximately €480m of gross net premium. You will share responsibility across these regions with a particular focus on The Netherlands, but also in support of the other countries where needed (Belgium, France and UK). You will be responsible for the relevant pricing models and providing support to the respective underwriting teams.

Key Result Areas and Deliverables:

• Develop a strong working relationship with the actuarial team and the management, underwriters, claims and Underwriting Management;

• Support the development and deployment of pricing models and ensure that models comply with the Technical Pricing Framework ("TPF") and Pricing Policy;

• Analyse external and internal data to build and validate technical pricing models;

• Support, coach and advise underwriters in actuarial & technical issues, including case pricing, data analytics, renewal monitoring, Expected Loss Cost calculations and business planning, challenging where appropriate;

• Support the business and underwriters on other actuarial related matters such as reserving and Internal Model parameterisation which are performed by other actuarial teams;

• Work with management to monitor the performance of the business, for example in the Class Performance Reviews giving an independent opinion on the quality of the risks written and by improving business performance through portfolio analysis;

• Maintain and develop management information available for analysis and reporting;

• Provide requirements and lead development of insights hub and eventually own the insights hub product owner

• Liaise with other functions within the company such as Catastrophe Modelling and Group Underwriting Modelling when required;

• Coach and manage more junior members in the team when required.

The Operating Environment and Context of the Job:

Under the Technical Pricing Framework ("TPF") all classes are to be modelled consistently.

Pricing actuaries across MS AISE will develop models with underwriters. Responsibility for testing and deployment will lie with pricing actuaries who will support underwriting teams in their use of models. Work after the development period will focus on model maintenance and enhancement.

Further to the above, a significant proportion of the role will be on providing services to the Management and Underwriting teams on pricing and analytical matters.

The role requires a good knowledge of actuarial pricing techniques, in particular on the following classes:

Liability

Fire

Motor Fleet

Engineering

The drive to advance pricing in these classes is essential, along with the communication skills required to support underwriters through the changes.

It also requires a good knowledge, understanding and experience in data and analytics techniques, in particular on GLMs and machine learning techniques (boosting, random forest, clustering, etc.).

The role will work with the growing e-trading team to develop e-trade pricing tools as required.

Key Competencies:

Generic

Good interpersonal skills

Good communication skills in Dutch and English (both oral and written)

Ability to work well under pressure

Attention to detail and ability to self-check work – analytical mindset

Proactive, flexible and adaptable

Experience in being challenged and defending own views and position

Entrepreneurialism and ownership

Job Specific

Actuarial Pricing background and Experience

Machine learning Experience

Statistical and predictive advanced modelling Experience

Experience in European underwriting classes and environment

Advanced knowledge of Excel (including VBA)

Advanced knowledge of Python or R

Experience in SQL and/or SAS is an advantage

Key Interfaces:

• The primary interfaces of this role are with the P&C Management and Underwriting teams;

• The successful candidate will be the first point of contact for pricing model and actuarial matters for their areas of responsibility;

• Important interfaces within the Technical Pricing team for peer review and cross division collaboration;

• Liaison with P&C Underwriting Management and Group Underwriting as and when required;

• Support Group Actuarial in respect of reserving and capital modelling work;

• Willingness to travel occasionally within Europe