Job Description:

Job information Assistant Pricing Actuary from the Company Beazley Management Limited, this latest Assistant Pricing Actuary job vacancy is located in the city Remote in Birmingham B located in the country United Kingdom . This latest job opening is open to job seekers who have the latest education / graduate Bachelor Degree . Job Vacancies in this Administration field have been opened and published up to the specified time.

Job Responsibility:

General:

Job Title: Assistant Pricing Actuary

Division: Finance - Actuarial

Key Relationships: Underwriters and business managers, Beazley actuaries, claims managers, Data Management, software developers and Ceded Reinsurance teams, Lloyd's, external actuaries and auditors.

Job Summary: Actuarial pricing for various lines of business at Beazley

Key Responsibilities:

Technical

• Provide pricing and analytics support to the various underwriting teams at Beazley; pricing support includes (as required):
  • Developing pricing tools that support the estimation of price adequacy and rate change
  • Performing portfolio and transactional pricing analyses
  • Performing segmental (e.g. COB/stat, risk code, new/renewal) and trend analyses
  • Performance monitoring (e.g. rate change and price adequacy metrics)
  • Reinsurance pricing
  • Develop, maintain and review pricing models to the required standards
• Produce the relevant monthly/quarterly reports required by the Underwriting Committee
• Understand and support the underwriting controls related to pricing and the Lloyd's Oversight Principles
• Work with the underwriters, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilities
• Maintain pricing model documentation with required frequency, obtaining the appropriate managerial sign-offs
• Assist in other projects undertaken by the actuarial team e.g. liability transfer valuations and business planning analyses
• Build and maintain constructive working arrangements with those groups identified as being key to your role
• Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
• Build your technical pricing skills and experience
• Contribute to improving the pricing processes and methodologies
• Undertake professional, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicable

Personal Specification:

Education and Qualifications

• University degree in Mathematics or related field
• Progress towards an actuarial qualification

Skills and Abilities

• General commercial and financial knowledge
• Competent user of MS Excel; VBA, Access, Python, Hyperexponential, SQL and R skills desirable
• Strong analytical skills with attention to detail; accurate and numerate
• Able to communicate effectively both verbally and in writing
• Team worker as well as able to work on own initiative
• Ability to manage time, meet deadlines and prioritise

Knowledge and Experience

• Building pricing experience; Lloyd's / London market knowledge desirable
• Grasp of actuarial / statistical techniques used in pricing
• Building understanding of reinsurance and capital with application to pricing

Aptitude and Disposition

• Outcome focused, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with team members, internal and external stakeholders

Competencies

• Achievement and solution focused
• Analytical
• Information seeking
• Stakeholder focus
• Using initiative
• Having integrity
• Taking responsibility
• Being reliable
• Attention to detail

Keywords : Birmingham jobs
Closed Date : 2025-08-03