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Pricing Analyst
Salary undisclosed
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Major duties and 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. Skills: • 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. Experience: • At least 2 years of actuarial working experience. • Data manipulation experience. • Technical experience in monitoring and claims experience analysis. • Technical experience in insurance pricing. Qualifications: • Bachelor’s Degree on Actuarial/Stats/Mathematics/Data Science • In the process of taking exams to become a qualified actuary under the following faculties: – The Institute and Faculty of Actuaries of the United Kingdom – The Institute of Actuaries of Australia – The Canadian Institute of Actuaries – The Society of Actuaries of the United States of America – The Casualty Actuarial Society of the United States of America