Actuarial Contractor - Pricing Model Development
Salary: Competitive and based on experience
Location: London (Hybrid)
Role Type: 6 Months Contract
Keywords: Actuarial, Contractor, Pricing, Model Development
Our client is seeking a highly skilled and experienced Actuarial Contractor to join their team, focusing on Pricing Model Development. This role offers an exciting opportunity to assist the team with HX project ensuring that actuarial services are in line with the business plan and broader strategic objectives. The successful candidate will have the chance to actively achieve solutions for complex technical challenges by developing, enhancing, and maintaining tools and platforms. This role requires the ability to interact appropriately with relevant stakeholders, both within and outside Actuarial, securing their buy-in and applying knowledge and insights concerning actuarial techniques.
What you'll do:
As an Actuarial Contractor specialising in Pricing Model Development, you will be at the forefront of managing and providing direction to ensure that our client's actuarial services are in line with their business plan and broader strategic objectives. You will have the opportunity to develop, enhance, and maintain tools and platforms that support the strategic objectives of the company. Your role will require you to interact effectively with various stakeholders, both within and outside Actuarial, securing their buy-in for your initiatives. Your knowledge and insights concerning actuarial techniques will be invaluable in this role. Furthermore, you will be expected to reflect our client's values in every aspect of your role.
Targeted activity / tasks likely to be given:
- Translate existing pricing models into simplified excel prototypes (including enhancing and proposing algorithm changes where suitable)
- Collaboration with underwriters and product actuaries in design (including presenting and collating feedback etc). Therefore, being able to communicate effectively with various stakeholders, holding ground where necessary and negotiating effectively
- Handover and support of IT developers in the team in understanding the excel templates as they code into python based pricing platform
- Assisting in discussions around establishment of pricing workflow future state solution in collaboration with underwriting, operations and IT; considering standardization, efficiency, and system constraints
- Assisting with testing and feedback loops
- Assist with building portfolio management reporting templates based on aggregate pricing output from the Hx models
What you bring:
The ideal candidate for this Actuarial Contractor - Pricing Model Development position brings a wealth of skills and experience. You possess expert knowledge of actuarial analysis and techniques across insurance pricing and model development. Your strong technical experience with data manipulation sets you apart from others. You understand simulation techniques used for pricing loss sensitive product features and have a good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting. Your ability to understand coding, database design and effective process flow is crucial. Above all, your ability to persuade and influence both directly and indirectly will be key to your success in this role.
- Expert knowledge of actuarial analysis and techniques across insurance pricing and model development.
- Strong technical experience with data manipulation.
- Understanding of simulation techniques used for pricing loss sensitive product features.
- Good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting.
- Demonstrate a degree of understanding of coding, database design & effective process flow.
- Ability to persuade and influence both directly and indirectly.
What sets this company apart:
Our client is a leading organisation with a strong reputation in the industry. They are known for their commitment to innovation and excellence, providing their employees with opportunities for growth and development. Their inclusive culture encourages collaboration and teamwork, fostering an environment where everyone's contributions are valued. They offer competitive benefits and a flexible work environment that supports work-life balance.
What's next:
Ready to take the next step in your career? Don't miss out on this exciting opportunity!
Apply today by clicking on the link!
Our Recruitment Delivery Team are committed to offering an inclusive recruitment experience to all candidates. If you require any accommodations or adjustments as a result of disability, impairment, or health condition, please do not hesitate to let me know by emailing gscemeaedi @ resourcesolutions .com