Analyst, Pricing

Salary undisclosed

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Key Objective:

To support pricing strategies development and implementation to optimise profitability and competitive positioning.

Responsibilities:

Pricing Analysis: Collect and analyse relevant data to support loss cost analysis for determining appropriate pricing and pricing model enhancement.
Rate Filing Assistance: Support the Manager in preparing and submit rate filings for regulatory authorities. Ensure compliance with legal and regulatory requirements.
Competitive Analysis: Monitor and analyze competitor pricing and market trends. Provide summary and key insights to Manager to identify opportunities for growth.
Pricing System Implementation: To support implementation of rating change and ensure accuracy and timely delivery of pricing update.
Performance Monitoring: Work along side with Actuarial, Portfolio and Data Analytic team in portfolio monitoring and tracking of key performance indicators. Provide key highlights and observations to Manager.

Requirements:

At least 2 years of actuarial working experience.
Data manipulation experience.
Technical experience in monitoring and claims experience analysis.
Technical experience in insurance pricing.
Proficiency with Microsoft Word, Excel and Power Point.
Familiarity with data manipulation applications such as SQL, SAS, Python is preferred.
Familiarity with pricing tools such as Emblem and Radar is preferred.
Knowledge of motor insurance industry and familiarity with regulatory requirements is preferred.
Solid understanding of actuarial concepts and insurance industry principles.
Ability to plan and execute to ensure timely delivery of results.
Positive work attitude with focus on continuous improvement.
In the process of taking exams to become a qualified actuary under the following faculties: (i) The Institute and Faculty of Actuaries of the United Kingdom, (ii) The Institute of Actuaries of Australia, (iii) The Canadian Institute of Actuaries, (iv) The Society of Actuaries of the United States of America, (v) The Casualty Actuarial Society of the United States of America.