Head of Pricing

Responsibilities

• The Pricing function is responsible for pricing tools and metrics across all of Berkley Re UK’s underwriting teams.
• This includes 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. This includes a process of 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. In particular 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.