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For Companies Pricing Manager
Department: Actuarial, Pricing & Analytics
Employment Type: Permanent – Full Time
Location: London
Reporting To: Eileen Kee
Description
Together with other likeminded professionals, you will be leading and mentoring a team that builds and enhances CFC\’s pricing algorithm. We believe the work you do each day has a material impact on almost every aspect of CFC!
In this role, you will be working closely with our underwriting, data science & AI, pricing operations, products and technology teams to proactively improve the predictiveness of our pricing algorithms and the customer journey. You will work in collaboration with other teams and use traditional or new generation modelling techniques like Gradient Boost Models, Decision Tree or Random Forest to identify market opportunities, conduct competitor analysis, and bring CFC\’s innovative insurance solutions to market. You will also be involved in portfolio optimisation to drive commercial strategic direction from the pricing perspective, ensuring CFC profitability objectives are met. We believe in an iterative working approach with a robust feedback loop between Underwriting, Claims, Reserving and Pricing.
About the role
Amongst other things, your role will develop and maintain appropriate pricing frameworks and methodologies across all of CFC\’s products, including setting the technical price and input into the suggested price.
Working in a multi-disciplinary team to assist in developing new insurance products;
- You will work closely with the Pricing Operations team in the testing, implementation, documentation and maintenance of pricing tools.
- You will work closely with underwriting, claims and IT teams to identify emerging risks and claim trends to allow for these in the pricing models.
- You will undertake regular granular deep dive analysis across CFC\’s products, reviewing rating structures and assumptions against our own experience and external sources as well as identifying and enriching new rating factors to enhance risk selection and long-term profitability.
- You will develop and monitor a suite of consistent and accurate KPIs to support the identification of strategic opportunities and portfolio optimisation decisions.
- You will help set and monitor risk appetites and risk tolerances to ensure delivery against the business plan.
- You will undertake experience and/or exposure-based pricing analysis to support commercial decisions on portfolio transfers.
About you
Are you a pricing actuary with experience in developing pricing algorithms for casualty or professional lines within the SME, middle-market or London market space? Are you excited about working at the forefront of technology with multi-disciplinary teams to deliver the best customer journey and stay ahead of the competition? Are you a driven, self-starter with a strong work ethic, who likes working in a collaborative, team-first environment who is looking for a new challenge in a non-traditional pricing team?
We\’re keen to meet you and hear more about you and your ethos.
Core Values
Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We\’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
Have fun, be good:
Insurance is a serious business, but we don\’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated. #J-18808-Ljbffr
Contact Detail:
CFC Recruiting Team
