Commercial Lines Pricing Actuary – Tooling and Systems Lead
Job Ref: 2531
Location: Dundrum - Dublin 16
Vacancy Description
Join RSA and make a difference every day.
Whether you are just beginning your career or looking to take the next progressive step in your journey, RSA Insurance is an organization where you can be yourself, learn and develop and a place where your ideas and contributions matter.
With offices in Belfast, Galway, and Dublin, we have embraced hybrid work empowering our people to work flexibly to suit their individual needs, enabling them to deliver great service to the customers we look after every day.
At RSA and 123.ie we empower our customers to make a difference in their lives. We are proud to have 32 different nationalities represented in our workforce. Our diverse customer base benefits from the diverse perspectives of our teams that serve them, solving complex problems with creative ideas.
As a proud member of the Intact family, we’re part of something bigger with a presence in North America, the UK, and Europe. Our business has grown organically and through acquisitions to over $21 billion of total annual premiums.
We want you to thrive and grow with us – and we’ll give you all the tools, flexibility, and learning opportunities you need to do it.
Culture and Community
RSA is a purpose-driven business – our purpose is to ‘help people, businesses, and society prosper in good times, and be resilient in bad times’.
We do that by living our values – Integrity, Respect, Customer-driven, Excellence, and Generosity – in everything that we do.
We provide an open and honest workplace – where everybody contributes, and every view is listened to and respected.
Commercial Lines Pricing Actuary – Tooling and Systems Lead
This role will involve the development and ongoing maintenance of a suite of commercial lines pricing tools. This will require technical development skills in Excel, VBA, and Databases and an in-depth knowledge of Commercial Lines products.
The role will also require significant stakeholder management with the Lead engaging with the Portfolio, Operations, Underwriting, Architecture, and Data functions to scope and develop optimal solutions. Medium term, it is expected that this individual will play a key role in the scoping and implementation of Commercial Lines systems.
The role will have broader responsibilities for overall pricing sophistication development. In addition, the role will require the performance and/or coordination of rate reviews. From time to time the role may require provision of assistance to other areas of Pricing focus. The role will report directly to the Head of Commercial Lines Pricing.
Key Responsibilities:
* Scoping, Developing and Maintaining a suite of Commercial Lines Pricing tools and solutions. This will include:
o Working to understand current systems and processes from multiple stakeholder viewpoints.
o Working as a team with other key stakeholders in the business.
o Communicating the solutions and progress with senior management.
o Developing the tools.
* Performing/Coordinating rate reviews or other analyses that may be required ahead of tool development.
* Development and mentoring of more junior team members.
* Be the key Pricing lead on the scoping of a blueprint of the future Commercial Lines system roadmap and lead/coordinate the implementation of this in the future.
* Assisting or advising on other areas of Commercial Lines Pricing focus potentially including but not limited to:
o Contributing to the development, maintenance, and improvement of existing rating algorithms and platforms.
o Quarterly analysis and report on profitability for nominated classes of business.
o Analysing information to identify variances, trends, anomalies, etc. and explain, highlight and/or refer relevant issues to others as appropriate.
Requirements:
* Mathematical or statistics 3rd level qualification or equivalent.
* Fellow of the Society of Actuaries or equivalent (Good candidates who are Associates of the Society will be considered).
* Very Advanced knowledge of Excel and VBA.
* Advanced knowledge of SAS or similar applications.
* Ten Years work experience in Insurance. Significant previous experience in Commercial Lines Pricing is highly desirable.
* Experience developing and maintaining End User Excel based tools.
RSA Insurance Ireland DAC and its affiliate companies consider applicants on the basis of qualifications and without regard to race, colour, religion, sex, national origin, age, marital or veteran status, sexual orientation, disability or any other legally protected status.
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