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Pricing analyst, property dua

London
Pricing analyst
Posted: 31 July
Offer description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. Key Responsibilities The pricing team within the International Division at AXIS Insurance has responsibility for the following: " Working closely with underwriters to develop rating models and methods, communicating and explaining the output from pricing tools, and reviewing the pricing and structure of individual deals (usually larger and/or more unusual risks). " Align the pricing process with improved capture and modelling of policy exposures to assess aggregations of risk and better inform the technical rating process. " Conducting detailed segmental reviews within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation. " Monitoring the execution of underwriting changes and assessing the impact of these on the account's profile and emerging claims experience. " Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving and business planning processes. " Quantify the technical adequacy of rates required to meet returns on capital " Evaluating the impact of market conditions and rate change. Analysis and research into the rating environment and market behaviour within key business lines. " Input into the business planning process for the AXIS Group and legal entities - primarily to determine gross of reinsurance loss picks, but also to inform assumptions around the efficacy of, and recoverability from, different outwards reinsurance programme structures. " Work with capital modelling team to improve underwriting risk parameterisation and methodology used in capital model. Required Qualifications and Experience " At least 2 years' experience in a General Insurance actuarial role; consultancy or company. London Market background preferential. " Student member of the Institute & Faculty of Actuaries, Casualty Actuarial Society or equivalent professional body. Strong track record of progress in actuarial examinations to date " First class or 2:1 University degree " A-level mathematics Skills " Excellent communication and interpersonal skills; able to establish credibility with senior underwriters, business unit leaders and divisional leadership. " Thoroughness, attention to detail and diligence " Self-starter, proactive and a quick learner with strong numeracy skills. Willing to question and investigate. " Reasonable understanding of the standard reserving and pricing methods used in the London Market, how the market operates and the key issues and trends. " Keen to further technical and market knowledge through own research and CPD " Competent user of Excel, Word, Powerpoint. Programming skills in automation, database management and statistical packages will be a strong advantage. Key Performance Indicators " Quality of work - technically sound, well thought-through, and free from errors " Trust and respect of peers, senior actuarial colleagues and underwriters " Timeliness of delivery and appropriate prioritising of work. " Innovation - identification of new methods and opportunities to improve systems, actuarial analysis and processes. " Passing of actuarial examinations

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