Actuarial Analyst
4 days ago
Pricing Strategy Role:
The Actuarial Analyst - Pricing Strategies will be responsible for supporting pricing transformation initiatives and working collaboratively with all collaborators to drive profitable growth for commercial insurance. This individual will use predictive analytics and pricing expertise to review pricing structures, implement changes to ratings, execute segmentation strategies, and develop positive relationships to achieve those goals.
Key Responsibilities:
- Support Pricing Transformation initiatives across commercial insurance aligning with overarching CI strategies. Objectives include profitable growth, shifting the mix of business, embedding risk-selection criteria into pricing, and enabling frontline underwriters with state-of-the-art pricing tools and fit-for-purpose design.
- Support rate reviews for commercial products. Proactively monitor trends, mix of business, and changes in operational practices that affect commercial insurance performance. Effectively communicate the results of the rate reviews to all collaborators and get consensus from team members on rate proposals.
- Help to identify key landmarks for projects and accurately forecast the time required to reach those milestones.
- Build strong relationships with key partners at the head office and the field. Identify the needs of our partners and tailor solutions that serve their needs and enhance value for commercial insurance.
- Be actively involved in the actuarial community at Aviva.
Requirements:
- Bachelor's degree in Actuarial Science, Math, or Statistics, or other related subjects
- Minimum of 1 year's P&C work experience, preferably in pricing
- Minimum of 2 to 5 CAS exams
- Actuarial curiosity to learn and explore new solutions
- Strong problem-solving and analytical skills
- Strong technical skills in pricing and predictive analytics. Attention to detail
- Ability to challenge the status quo and to influence
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