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Pricing Analyst- Actuary

This role would suit an Actuarial Analyst or a fresh graduate who would like to take the next step in their career and broaden their knowledge. It provides the opportunity to work within a diverse, and growing pricing team who oversee a global book of Casualty and Financial Lines business.
 

Large account pricing

  • Pre-process loss run and exposure data for large account pricing. Compare loss run between expiring and renewal, identify inconsistencies, reach out to underwriters for clarification and/or request for additional data.
  • Review submission material and expiring binders for our layer and underlying layers to understand insurance structure, terms & conditions.
  • Price large accounts using account’s data, leverage portfolio level data if account’s data is not credible.
  • Gather account level data to compile portfolio level data, establish benchmark frequency, severity selection by class of business.
  • Ensure that all accounts priced adheres to appropriate pricing peer review process as defined in Specialty Insurance Pricing Guidelines.

    • Develop, test, maintain and enhance pricing tools

  • Maintenance of pricing tools including technical documentation/specifications/parameter update.
  • Refresh, clean and prepare data from third party vendor for model input. Refresh/enhance generalized linear models in R. 
  • Calibrate pricing tools, train/troubleshoot questions from underwriters. 
  • Build/maintain sql database to store rating parameters and pricing results. 
  • Maintain python code and pipeline on remote repository to automate downloading of policy data into sql database.
  • Connect sql database, DeepKube with Excel raters to allow data to flow back and forth. 
  • Migrate Excel raters to Underwriting Platform (UP).

    • Portfolio Analysis

  • Assist in studies to improve pricing methodology and predictiveness of pricing analyses.
  • Create portfolio monitoring tools to aid the monitoring of pricing adequacy by segments.

    • Required Education and Qualification 

  • Part qualified / student actuary from a recognised actuarial organisation 
  • Degree in Mathematics, Actuarial Science, Computer Science, Engineering or equivalent

    • Experience

  • Solid understanding of basic ratemaking concepts on exposure adjustments, trend, loss development, exposure rating and experience rating.
  • Proven pricing experience in P&C insurance with recent Lloyd’s / London / French / European Markets experience is desirable, but not compulsory.
  • Experience pricing Excess Casualty, General Liability, Directors and Officers and Professional Liability is desirable, but not compulsory.
  • Strong problem-solving skills.
  • Ability to handle large, complex datasets.
  • Working knowledge of coding in R, Python, SQL and VBA.
  • Knowledge of Git and DeepKube is a plus.

    • Personal Competencies

  • Effective communication and collaboration skills with excellent interpersonal verbal and written skills that enables the candidate to communicate with colleagues from non-actuarial team.
  • Stays up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting related issues. 
  • Has a commercial outlook but with a principled stand where required and contributes to create viable and innovative solutions that outperform competitors and differentiates SCOR.

    • Fluent in French and English. Spanish a plus

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    Pricing Analyst- Actuary

    Entreprise:
    SCOR
    Ville:
    Paris
    Type de contrat: 
    CDI, Temps plein
    Catégories: 
    Economiste De La Construction
    Publiée:
    12.03.2024
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