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The role holder is responsible for ensuring the development, co-ordination, monitoring and optimization of pricing models and methodologies across Reinsurance. It is responsible for ensuring effective delivery of robust and consistent pricing actuarial analysis to support underwriting decisions and internal / external reporting.
2. Dimensions
Technical development of the Reinsurance underwriting tools will be a key enabler in achieving our aspirations within reinsurance and this role will have direct responsibility for supporting the development of this function.
3. Key Result Areas
Strategy
Lead and take responsibility for the development and implementation of pricing tools to support the Reinsurance strategic aspirations and related operational plans
Pricing Development
With the Reinsurance Pricing Actuaries, ensure that pricing tools are designed and delivered to meet the needs of the Business, where possible seeking consistencies across Reinsurance, regions and other Business areas as appropriate.
Work closely with the Group Pricing Actuary to ensure the TP plans are aligned within the Group
Responsible for the design of any new software tool and collaborate with the Pricing Development team to effectively build and deliver the tool to the business
Ensure that the technical pricing development in conjunction with the Pricing Development team is able to deliver pricing tools which are:
Actuarially rigorous
Consistent and fully compliant with the Group Underwriting technical pricing framework
Operationally robust
Quick and easy to use at the point of sale
Compliance and Risk Management
Ensure compliance with relevant Group policy, risk, regulatory and legal requirements, reporting any issues as appropriate.
