AVP, Pricing Actuary

About the role

This role contributes and adds value to the Actuarial team and to Hamilton groupwide through providing pricing support and analysis as well as specific project-based work.

Responsibilities

• Monthly calculation and reporting renewal rate change
• Periodic product reviews for each underwriting division
• Maintain and update pricing models, pricing parameters, and data tables supporting underwriting divisions rating algorithms
• Aid in reporting underwriting results to Company and Group leadership
• Collaborate with other departments including underwriting, claims, and IT
• Aid in the production, interpretation, and clear communication of analyses to support ad-hoc projects
• Analysis of claims trends to improve prediction of likely outcomes
• Support the future development of the actuarial pricing function and any associated business development work
• Support various other projects within the reserving and actuarial teams (e.g. claims inflation, reinsurance solutions, claims performance metrics and reserving trend analysis)

Requirements

• ACAS or FCAS preferred
• At least four years’ experience within the P&C insurance and/or reinsurance industry focused on actuarial analyses
• Experience calculating and reporting renewal rate change indications
• Familiarity with reinsurance terms, structures, and data
• Demonstrable ability to effectively communicate pricing and analytical findings
• Experience with programming in VBA, SQL, R and/or Python preferred
• Experience with Verisk/ISO rating and the ISO Commercial Lines Manual
• Technical expertise & capabilities within the actuarial field
• Ability to productively leverage data and technology
• Ability to work both independently and collaboratively

Analysis of claims trends

Support the analysis of claims trends to improve prediction of likely outcomes.

Future development of the actuarial pricing function

Support the future development of the actuarial pricing function and any associated business development work.

Projects within the reserving and actuarial teams

• Claims inflation
• Reinsurance solutions
• Claims performance metrics
• Reserving trend analysis

Pay

Competitive salary with an annual performance-based target bonus and a comprehensive benefits package, to include:

• Hybrid working
• Matching 401K plan
• Medical, dental, vision, life, disability
• Gym subsidy
• Additional days leave for personal interests/wellness/charity work

Schedule

Hybrid working