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Finance
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51931 Requisition #
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We are currently seeking to hire an Actuarial Pricing Analyst to join Pen’s established Underwriting Insight & Pricing team in our vibrant London office on Lombard Street. The primary goal is the improvement of underwriting decisions to affect underwriting performance. The successful candidate will share their knowledge with the wider team and ensure our analytical analysis is first rate.  

 

This role has the ability to work across different functions within our business; this is what makes it such a unique opportunity.  You role could contain technical pricing, claims reserving, data analytics, visualisation and data administration.

 

You’ll need to have sound judgement, excellent interpersonal skills and the ability see the bigger picture; attention to details and strong analytical skills are a must. 

 
Key Accountabilities:
 
  • Deliver and maintain pricing, reserving and analytical solutions for all underwriting lines
  • Recommend initiatives to enhance underwriting profitability
  • Measure impact of underwriting actions, rate change, renewal retention, new and lost business
  • Support the collection and maintenance of pricing/reserving data
  • Present and promote our pricing/reserving approach to insurance capacity peer group actuaries
  • Ensure accuracy, timeliness, reporting and documented procedure for workflow management
  • Keep abreast of industry initiatives, new pricing/reserving/visualisation methods and best practice
  • Support the business planning process through loss ratio projection and analysis
  • Support exposure and accumulation control methodologies
  • Design, develop and manage data load processes to ensure the delivery accurate, clean data to key stakeholders
  • Optimise database integrity and security
  • Ensure data quality is to the highest standard, reconciled and fit for purpose.
  • Identify opportunities that can improve efficiency of business processes
  • Act in accordance with agreed service standards and report complaints effectively in line with the companies professional standards manual
  • Act as a role model to others for conducting business in accordance with the company ethos and values and in an ethical manner & comply with the AJG Professional Standards Manual
  • Take all reasonable steps to ensure the part of the business for which you are accountable for demonstrably complies with applicable laws, rules, regulations, good governance and Gallagher’s shared values, in particular, putting clients at the heart of our business. If shortcomings are identified take responsibility for remedial action planning, and action in conjunction with the relevant experts within the firm.

#LI-LS1

 

Person Specification:
 
  • Degree in mathematics, actuarial science, statistics or related field
  • Progress toward FIA qualification
  • Understanding of actuarial reserving and pricing techniques
  • Ability to translate business requirements into practical solutions
  • Able to communicate effectively with key stakeholders
  • Strong analytical and problem solving skills
  • Ability to manage large data sets
  • 2/3+ years’ experience in non-life personal lines and/or commercial lines pricing or reserving 
  • Analytical mind set with the ability to develop solutions necessary to solve complex problems
  • Excellent communication and collaboration skills, meeting common goals with colleagues across matrix environments 
  • Ability to plan and organise work to meet targets and deadlines
  • Ability to use negotiation and persuasion in order to achieve solutions to complex situations, both internally and externally
  • Underwriting knowledge and familiarity with the range of Pen Insurance products 
  • Eligible to work in the UK
 

 Gallagher is a global leader in insurance, risk management and consulting services. We help businesses grow, communities thrive and people prosper. We live a culture defined by The Gallagher Way, our set of shared values and guiding tenets. A culture driven by our people, over 30,000 strong, serving our clients with customised solutions that will protect them and fuel their futures.

 

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation.  Gallagher is committed to diversity of opportunity for all and is opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.