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Pricing Actuary - Payment Protection
by Gerard Quinlivan in Dublin City Centre
Pricing Actuarial Analyst - Payment Protection
Location: Dublin [Dublin]
Type: Permanent
Salary: €50000 - 70000
Benefits:
A leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, with operations in 25 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries.
Job Description
This newly created role will encompass three main areas of responsibility:
- Product Development
- Underwriting
- Portfolio Monitoring
This position will assist with building projections to enable the business to generate consistent, sound prices for new deals within the Payment Protection Insurance market.
Roles/Responsibilities
Assess underwriting risk and calculate appropriate prices for creditor and other insurance products
Identify and implement possible risk mitigants such as reinsurance and T&C's exclusion
Participate and provide technical advice on the tendering to prospects or renegotiation of existing contracts
Support the local sales team to meet business priorities and in new product development
Assist Analysis team to carry out investigations into the underlying portfolio experience & Drive re-pricing or re-structuring of existing unprofitable business lines
Review, Implementation & Control
Play key role in regional underwriting review Signing off or Re-structuring new business deals
Maintain controllership and drive closure of Actuarial issues during implementation of new schemes
Assist in the development / refinement of processes for tracking and control of insurance risks in the region
Skills/Experience
Proven experience within the Insurance industry
Fluent spoken and written English for day to day communication
Strong analysis and modelling skills
Business minded and profit aware
Strong communication and presentation skills
Effective in a matrix environment
Strong time management skills and goal driven
Desired Experience
General Insurance (Creditor, PPI, Personal Accident) / Pricing Domain knowledge
Exposure to Local Markets, Products, Structures
Data Extraction and Management Skills (e.g. from Mainframes, SQL experience)
Experience with actuarial/statistical tools and softwares such as SAS, R, VIP
Second language (French, German or Dutch)
Education / Professional Qualifications
Fully or Partial Qualified Actuary with strong Statistics/Numeric educational background.
Personal Attributes
An excellent communicator who is comfortable operating as part of a remote team in a standalone environment.
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