Portfolio Pricing Actuary in City of Westminster

The Pricing function supports underwriters and management in building robust and profitable portfolios by providing objective insights through deep product expertise. This role will support AXIS Capacity Solutions, a new business unit dedicated to developing and supporting structured and multi-line portfolio capacity deals on both a facilitated and delegated basis. Additionally, you will support the Portfolio Solutions business unit which underwrites portfolios of multi-class risks predominately on a follow-line basis, in conjunction with trusted and proven lead carriers.

Responsibilities

• Support underwriters with the evaluation of new and renewal business by providing detailed actuarial analysis of expected profitability and impact on the existing book of business.
• Provide actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for individual deals.
• Collaborate with the pricing systems development team and data & analytics teams to deliver on longer-term goals relating to upgrading pricing models, databases, dataflows and analytical output.
• Work closely with underwriters and the wider pricing team to scope, build, develop, document and maintain rating models and methods.
• Input into the business planning process for the AXIS Group and legal entities to determine gross loss ratio picks and inform assumptions around the efficacy of, and recoverability from, different outwards reinsurance programme structures.
• Work alongside pricing team to further develop product monitoring and segmental review process within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation.
• Establish and maintain tracking and monitoring processes on segments of current portfolio to help identify and communicate early trend/key insight emergence.
• Evaluate the impact of market conditions and rate change, and analyse the rating environment and market behaviour within key business lines.
• Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving, capital modelling and business planning processes.
• Assist in regular reporting requirements internally and externally as required.

Qualifications

• Associate or Fellow of an accredited Actuarial Society, or commensurate experience.
• Intention to qualify as a Fellow of a professional body, with a strong track record of progress in actuarial examinations to date.
• Keen collaborator able to build relationships and communicate technical concepts to a non-technical audience.
• Growth mindset with a desire to seek diverse thought, learn from others and share knowledge.

Preferred

• Background in general insurance, London Market and pricing backgrounds.

Role Factors

In this role, you will typically be required to be in the office 3 days per week.

Benefits

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and more.

Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil ...