Pricing Analyst

Purpose

• Performing analytical and actuarial pricing duties in order to provide strong data governance and highly accurate data and analyses for use by more senior pricing actuaries in relation to reserving, reporting, quantitative risk management or the pricing of business.
• Advise on the pricing and design of new products (covering technical and market-based pricing), with a focus on protection products.
• Solves business challenges with statistical and predictive modeling techniques such as Exposure Curves, GLMs, machine learning, decision trees, probability networks, association rules, clustering, regression, and neural networks and their application to business decisions.

Role Overview

This role requires a seasoned actuarial professional to provide technical leadership and expertise in pricing and product development. The successful candidate will be responsible for complex data analysis, model development, and implementation, as well as mentoring junior staff and contributing to strategic business initiatives.

Core Accountabilities

• Data Management and Analysis:

• Oversee data quality and integrity, including reconciliation, risk factor management, and database maintenance.

• Conduct advanced statistical analysis and data manipulation to inform pricing and product decisions.

• Develop and implement data strategies to support business objectives.

• Model Development and Validation:

• Lead the development, implementation, and validation of complex pricing models.

• Perform in-depth model performance analysis and recommend enhancements.

• Stay abreast of industry best practices and emerging modeling techniques.

• Financial Analysis and Reporting:

• Produce comprehensive financial and statistical reports for senior management.

• Conduct in-depth analysis of portfolio performance and identify trends.

• Support business decision-making through insightful data-driven insights.

• Product Development:

• Lead pricing and product development initiatives, providing technical expertise and guidance.

• Conduct advanced market analysis and competitor benchmarking.