Head of Actuarial Pricing – Global Insurance Firm. – Based in Dublin recruitment
Responsibilities Include:
- Lead the Pricing area, develop and deliver required business plans.
- Lead strategic thought on evolving Pricing strategies, e.g. for Gender and Channel, develop Pricing strategies in line with business targets and Risk Appetite.
- Design, develop and maintain Technical Prices for all lines of business based on appropriate pricing tools/ assumptions.
- Provide recommendations to Underwriting Committees on pricing of each of products to provide the required return. This includes overall average prices, pricing structure, parameter values and methodology (e.g. experience rating formulae).
- Build key internal and external stakeholder relationships and manage the integration of the department with others so as to deliver a better service to the business
- Ensure alignment of Pricing with Plan/ Forecast and Reserving.
- Provide strategic direction to managers on business planning including models, data and information to assist with the setting of assumptions and targets.
- Analyze and monitor key performance indicators including rate change.
- Work with Finance in establishing prospective profitability estimates
- Identify more profitable segments of each portfolio for communication to the Marketing area.
- Assess and address data quality issues and recommend additional data to be collected.
- Report performance versus the Risk Policy.
- Develop and lead key large-scale Actuarial projects including international initiatives.
- Proactively research and evaluate the external market to identify risks and opportunities for the business, including appropriate tools and databases
The successful candidate must have:
- Strong analytical skills
- Strong IT skills an advantage
- Strong leadership and interpersonal skills, ability to communicate and influence at senior management level
- Commercially aware
- Deep and broad understanding of the business and general insurance industry
- Broad understanding of the external environment and of modern actuarial skills, processes and techniques
- Knowledge of emerging GI actuarial modelling packages (including Emblem, Rate Assessor, Classifier)
- Good working knowledge of professional standards and codes
• Good understanding of project management disciplines an advantage
Qualifications:
Degree/MBA. Professional actuarial or other relevant professional qualification.
- Significant experience in general insurance required, 10 or more years
- Leading an Actuarial department and its integration across the business and extensive commercial experience
- Stochastic modelling experience an advantage
- Report writing and presentation skills
- Familiarity with relevant departmental and company-wide procedures, policies and guidelines
• Working in a multi-cultural or cross-border organisation an advantage
Please send your CV in a word document to insurance@selbyjennings.com or contact Mark Fallon on 0044 207 019 4176 in the strictest of confidentiality and discretion.
Mark Fallon
insurance@selbyjennings.com
+ (0) 44 207 019 4176
July 5, 2012
• Tags: Accounting & Finance careers in the Ireland, based in Dublin recruitment, Head of Actuarial Pricing – Global Insurance Firm. • Posted in: Financial