Job Description

Main Purpose of Role

To provide actuarial pricing support for the Marine & Energy lines across the Syndicate business. Be the principle contact for the divisional and class underwriters. Work within the actuarial team to support the underwriting teams: advising on risk selection, supporting new initiatives and providing business reporting

Key Accountabilities

Develop, review and enhance the pricing models for each line of business. Support the underwriters to assess pricing adequacy on individual accounts both open market and binders. Monitor Class and business performance by assessing key pricing metrics against planned targets. Communicate findings and develop supporting pricing actions. Utilise knowledge of the market to adapt pricing techniques in order to achieve organisational targets. Develop rate change and price adequacy analysis by line of business, class and/or individual risk. Build effective working relationships with the Underwriting department, providing training and support to underwriting teams where necessary. Manage analysts directly reporting to, as well as support any analyst working on a task for, the product actuary. Train and enhance technical skills. Support development of soft skills and relationships within and outside of the team. Examine historic loss information (internal and external data) across the portfolios to enhance the performance of the accounts. Assist with the actuarial elements of the business planning process. Assist with the parameterisation of the internal model. Ad hoc analyses to support management as required.

Role Requirements

Skills/Competencies

Customer focus: Establishes partner relationship with stakeholders, especially senior underwriters. Visible & accessible to clients. Communication: Communicates well one on one, in small groups and public speaking. Fluent, quick on feet, command of language. Keeps people informed. Writes clear, precise, well-organised documents using appropriate vocabulary, grammar & word usage. Strategic skills: Determines opportunities & threats through comprehensive analysis of current & future trends. Comprehends the big picture. Judgement / decision making: Consistent rationality & objectivity in decision making. Flexibility: Respond to demand for actuarial support across the organisation.

Qualifications

Qualified Actuary (IFoA or equivalent)

Experience

Commercial pricing experience, ideally within M&E. Experience of working within the London Market. Minimum five years of post-qualification experience

Westfield Specialty International Culture

Our culture is centred around three core values: Excellence, focused on high performance, agility and embracing change; Ambition, where inquisitiveness, challenge and a bold approach is encouraged; and Collaboration, delivering shared goals through collective expertise, diversity of thought and transparency. All three are underpinned by Reward & Recognition, where people are supported & respected, and success is celebrated.

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management. #wspi