Location: London / Hybrid 2 or 3 days per weekContract: 6 monthsRates: up to £950p/d via UmbrellaJob DescriptionSRG are looking for a Pricing Actuary to going a Reinsurance Business Agility team is seeking an Actuarial Pricing Analyst to support the transformation of our global pricing capabilities through a new high-profile global Treaty Reinsurance Pricing Platform, based on hx Renew. The new cloud-based, fully integrated solution will allow Underwriters and Actuaries to move away from pricing on team-specific tools and enable enhanced risk decision-making through improved data aggregation, global pricing consistency and greater efficiency.Reporting to the Pricing Platform Senior Product Owner, and working as part of an Agile team, the Actuarial Pricing Analyst will contribute both actuarial insights and detailed analysis to support the initial implementation and future enhancements of the pricing platform. They will lead on business engagement and carry out ideation and discovery work including customer experience and journey mapping, requirements elicitation, business analysis, process mapping, analysis and optimisation and other documentation tasks such as user story creation to ensure that the project outcomes are the ideal solution for the business. The actuarial nature of the role will also drive a focus on consolidating and optimising pricing models from across different classes of business within collaboration with Actuarial and Underwriting colleagues.Duties and ResponsibilitiesPricing governance framework – Be responsible for the detailed analysis and requirements of pricing models in compliance with both internal and external standardsUnderstanding the various pricing needs across product and region, and rationalising these onto the Pricing Platform with direction from the Product OwnerPredictive analytics – Collaborate and influence the development and rollout of predictive models such as loss cost, submission triage, customer behaviour, credit etc. Practical application of more advanced techniques including GLMs (Generalised Linear Models) and GBMs (Gradient Boosting Machines) would be an advantage using Python & RReviewing the current pricing models, understanding the duplication in techniques, and recommending the best-in-class methods and optimal modularisationAnalysis of the pricing modules, layout, data flow, process flow and user experience within the platform for the different products and structures that will be pricedPrototyping models working closely with the Actuaries and UnderwritersConduct analysis work to a consistently high standard within a range of business areas, producing output to agreed timescales, and standardsConduct analysis work to understand current state processes and to identify the “to be” future state operating models through process and technologyIdentify the relationships, dependencies and impacts of change (highlighting options) on multiple systems and processesContribute to the project as required to develop proposals, requirements or other project documentationElicit further requirements and test / challenge assumptions using a variety of methods including interviews, document analysis, workshops and business process descriptionsStakeholder management – support the Product Manager and Senior Product Owner to interact with all levels of management, obtain buy in and sign off and manage expectationsContribute to the Business Solutions Team development of standards / methodology for capturing and publishing business processes, requirements and other documentationDefining and documenting epics, user stories, acceptance criteria, etc for complex solutionsWork effectively as part of a project team alongside the Product Owners, Scrum master and delivery teamAccurately identify and estimate deliverable efforts and commitmentsContribute to team sprint planning and set expectations for delivery of new capabilities, features, and functionalities.Participate in team demos, retrospectives, and all other ceremonies.Support creating and maintaining the backlog (including prioritization, and acceptance criteria).Experience and QualificationsQualified/newly qualified ActuaryMinimum 5 years relevant work experience, ideally in P&C reinsurance pricing with both US and RoW experienceRequires educational attainments: 2.1 or better in a numerate/scientific degree and an A / A* in A-Level Maths or equivalentExperience of Reinsurance (preferred) and/or Insurance technology solutionsExperience of pricing platforms ideally hx RenewRequires knowledge of MS Excel (essential), VBA, MS Access, SQLExpertise and appreciation of actuarial techniquesStrong interpersonal, verbal, written and presentation skills, communicating with a range of stakeholdersDemonstrated ability to communicate both in business and technical termsGood knowledge of business functions, business operations, objectives and strategiesGood knowledge of MS Excel to help with requirements gathering and demonstrating conceptsDocumentation of management systems & workflow application experienceGeneral knowledge of IT concepts, strategies and methodologies, including architectural and security concepts, systems development lifecycle, information management and portfolio management (production systems, release planning, change management)BPMN or similar business process modelling skillsAbility to work independently and as part of a wider project teamSupport python developers in the team in building out models on the pricing platformAbility to communicate clearly and effectively to a range of stakeholdersExperience working with or in Agile teamsAbility to work to deadlines and to meet standardsExcellent presentation skillsComfortable working with 'C' level stakeholdersStrong analytical and problem-solving skills
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