Trainee/ Graduate General Insurance Pricing Actuary
Job Ref: 2538
Location: Dundrum - Dublin 16
Close date: Not set
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 and to suit their individual needs, which enables them to deliver great service to the customers we look after every day.
This role sits within the Personal Lines Underwriting Department within a team of qualified, nearly/newly qualified and trainee actuaries (approx. 15 in size) responsible for the front-end pricing of personal lines and its associated monitoring.
Key Responsibilities:
* Gathering required data (qualitative and quantitative) for analytical and/or modelling purposes, from agreed internal and/or external sources, in line with all mandatory data management, reporting and legal/regulatory requirements.
* Liaising with other departments to verify appropriate data sources and understanding of data. Cleaning and validating information collected to ensure accuracy and reliability, as far as possible.
* Work with Actuarial to specify, build and operate technical pricing models to meet business needs and requirements, ensuring methods and assumptions used are appropriate and consistent with relevant Group/Regional guidelines and reflect material regulatory requirements.
* Scenario analysis identifying impact of rate changes on profitability, business mix, conversion & retention.
* Adherence to RSAII's Personal Lines Pricing Policy and RSA's Risk Management Framework within all work completed.
* Analysing/modelling information to identify variances, trends, anomalies, etc and explain, highlight and/or refer relevant issues to others as appropriate.
* Support review of Management Information– (including AP/TP analysis, claims trends, loss ratio, COR, retention, conversion, mix etc) to identify problem areas.
* Preparing and presenting required reports, forecasts and other outputs to agreed standards in terms of timeliness, content and presentation on a regular and ad hoc basis as required.
* Taking all reasonable steps to ensure the accuracy and reliability of output, providing appropriate guidance to others on implications and interpretation.
* Analysis of Business Mix to identify changes that can affect profitability.
Requirements:
* Mathematical or statistics 3rd level qualification or equivalent
* Advanced knowledge of MS Excel, Intermediate knowledge of Word, PowerPoint, and SAS or SQL
* Knowledge of pricing tools EMBlem, Radar & Optimiser and GLM/GBM modelling techniques
* Based in Dublin
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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