At a Glance
- Tasks: Lead pricing strategies and tools for Berkley Re UK's underwriting teams.
- Company: Berkley Re UK, a leader in reinsurance with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Join a team that values innovation and mentorship.
- Why this job: Shape the future of pricing in a dynamic reinsurance environment.
- Qualifications: Actuary with reinsurance pricing experience and strong Excel skills.
The predicted salary is between 80000 - 100000 £ per year.
Responsibilities
- The Pricing function is responsible for pricing tools and metrics across all of Berkley Re UK's underwriting teams.
- Overseeing the development and maintenance of pricing tools, case pricing during renewal periods, market and profitability analysis, managing rate, trend and other pricing assumptions.
- Oversee the development, periodic review and update of all pricing models and assumptions in collaboration with underwriters and other actuaries.
- Management and coordination of actuarial case pricing and pricing support for underwriters, ensuring good collaboration with underwriting teams.
- Responsible for the production of pricing metrics, including priced loss ratios and rate change.
- Review to ensure the reasonableness of these metrics for use by the broader actuarial team, management and in the reserving process.
- Management Information for monitoring U/W performance against plan and prior periods and price monitoring reports.
- Work with Chief Actuary to develop strategic plan for the development of the pricing function.
- Build out portfolio reporting and a view of rate adequacy and return on capital for appropriate segmentations of the business.
- Assisting in business reviews and planning.
- Act as the point person to drive the feedback loop between historical reserving results and any required updates to the pricing basis.
Qualifications
- Actuary with reinsurance pricing experience.
- Advanced Excel skills; the ability to create and maintain robust models, including the use of VBA.
- Experience of SQL Server or Python desirable.
- A broad knowledge of actuarial pricing techniques including being able to build and run experience rating models, exposure rating models, ILF curves and simulation tools.
- Strong professional and technical pricing skills.
- Good people and management skills for managing and mentoring of team members and their performance and influencing across the wider business.
- Ability to deliver and explain technical material to all levels and disciplines within the business.
- Self-reliance - to plan, implement and work either on their own or in a team and deliver a multitude of tasks to a timescale.
Head of Pricing employer: Job Search Place Limited
Berkley Re UK is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Head of Pricing role. With a strong emphasis on professional development, employees are encouraged to enhance their skills through mentorship and training opportunities, while also contributing to impactful pricing strategies that drive business success. Located in a dynamic environment, the company offers competitive benefits and a supportive atmosphere that values teamwork and individual contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Pricing
✨Tap into Campus Networks
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We think you need these skills to ace Head of Pricing
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Job Search Place Limited.
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Research and Reflect:Before hitting that 'apply' button on Job Search Place Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Job Search Place Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Job Search Place Limited.
✨Prepare for Case Studies
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✨Show Your Passion for Finance
Since this is a full-time position, employers at Job Search Place Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Job Search Place Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
