JOB PURPOSE/ROLE The Pricing team is part of Portfolio Management at AGCS and is responsible for understanding AGCS portfolios and their performance and for ensuring the pricing tools are calibrated to secure AGCS’s future profitability. You will join an international team located across London, Munich, Bucharest, Chicago and New York.
AGCS is undergoing a dynamic shift in its data landscape and is looking to expand its Pricing team to leverage this data to generate new insights in the portfolio performance and pricing analyses. In this role, you will report to the Head of Pricing for one of AGCS lines of business and provide support on pricing topics to the line of business. You will take an active part in guiding and steering the performance of the portfolios and as part of that will inform appropriate pricing strategies to enable AGCS to meet long-term profit targets. You will provide advice and tools that enable execution of these strategies and support in the monitoring of outcomes.
KEY RESPONSIBILITIES •Carry out deep-dive profitability reviews. This will involve preparation of the data and analysis of the profitability of individual accounts and/or business segments, as required •Ensure that the results of such analyses lead to meaningful portfolio actions and are reflected in the technical pricing models as appropriate •Monitor outcomes of the portfolio actions implemented following profitability analyses •Develop and maintain pricing tools, in particular, this involves the refinement of the tools through recalibrations and the development of appropriate statistical pricing methodologies •Establish an excellent working relationship with the Underwriting teams to ensure their long-term support for technical pricing concepts and pricing tools •Support projects which affect the use of technical pricing and promote the use of technical pricing at AGCS •Contribute to the development of the Pricing processes •Successfully collaborate across the Portfolio Management team and all AGCS departments •Understand market developments globally and ensure that loss trends are understood and reflected in our pricing activities
KEY REQUIREMENTS/SKILLS/EXPERIENCE •Nearly/Newly Qualified P&C Actuary •Strong mathematical and analytical skills with great attention to detail •Experience in the development and data-driven calibrations of pricing tools •Ability to work with complicated multi-national data landscape •Strong computer and programming skills: Excel, SQL (or similar) essential, VBA or another programming language desirable •Self-motivated / proactive with natural curiosity to ask probing questions and ensure that those questions lead to appropriate action •Partnering mentality with the ability to build strong working relationships with peers, management and the business areas •Experienced in discussing technical information to a non-technical audience •Results orientated with a proven track-record of delivering on-time projects and process improvements •Experience of commercial lines pricing desirable, ideally large corporate and specialty lines •Ability to work in an international / virtual environment
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