Titre de fonction: Senior Non-Life Pricing Actuary
Type de Job: Permanent
Catégorie d'emploi: Plein-temps
Industrie: Insurance
Expertise: Actuarial Skills
Localisation: Paris
Offre publiée: 06/06/2024
Numéro de l'offre: 33209

Description de poste

Our client, an international insurance company is looking for a Senior Non-Life Pricing Actuary to strengthen the Pricing Department. He/she will be in charge of  building and managing the pricing of Non-Life Insurance Product and harness the opportunities offered by data science and telematics practises.

The Senior Non-Life Pricing Actuary will be responsible to :

  • Ensure the accuracy and adequacy of data from the production system, collaborating with IT teams and contractors to implement necessary changes.
  • Develop and update risk models crucial for price setting regularly as more data becomes available. Additionally, create demand models (price elasticity) as needed to support the risk models.
  • Work with business stakeholders to design and propose a commercial pricing strategy that aligns with business objectives, considering risk models, pricing structures, competitive environment, and customer behaviour.
  • Based on business goals, KPIs, and ad-hoc analyses, recommend rate adjustments to enhance product performance (both new business and renewals). Suggest renewal strategies to optimize portfolio profitability while supporting business growth.
  • Assist in the creation or enhancement of KPI reports to track sales performance and portfolio profitability according to risk and customer profiles.
  • Conduct various analytical investigations to gain deeper insights beyond those provided by KPI reports.
  • Document all work and models thoroughly.
  • Present findings and recommendations to a non-technical audience.

 

Profile

  • University Degree in Mathematics, Physics, Data Science or Statistics
  • Preferably but not required, making progress in Actuarial exams with the Institute of Actuaries or equivalent
  • 5+ years working in insurance P&C line of business, preferably Personal Lines
  • Python, R, SQL knowledge and experience is a plus
  • Practical knowledge of visualization tool such as Power BI or Tableau
  • Ability to communicate clearly and effectively to non-technical audience
  • Diligence and reliability in the work carried out
  • Fluency in English