Oliver James have partnered with a listed London insurer who are seeking to bolster their actuarial function. As a Product Development Actuary, you will be tasked with developing propositions, improving sales and profitability of this fast growing insurer.
They are seeking a Nearly/Qualified Actuary with up to 3 years PQE to work alongside the Director of Underwriting and Pricing.
This insurer will consider candidates from both a Pricing or Consultancy background.
Key Responsibilities
- Providing analysis to support the pricing and structure of product developments, determining the appropriate level of precision and input from other internal teams at each stage of the product development process
- The development of financial models for products being developed and supporting production of financial business cases for approval
- Quantifying risks the new products present and supporting the production of papers for approval at relevant Committees.
- Producing calculation specifications, test tools, test planning and supporting testing for product developments.
Key Skills
- Nearly/Fully qualified actuary
- Experience in pricing and/or project work relating to new product development in the life/health insurance industry.
- Excellent communication skills with the ability to communicate technical issue to senior stakeholders, including non-actuaries
