Pricing Analyst

Description:

The Commercial Lines Pricing Team is a team of qualified and trainee actuaries delivering street pricing insights, analysis & recommendations to the business You will be collaborating with key stakeholders in a partnership approach for the benefit of Aviva Ireland DAC, with shared goals and values. This role has a particular focus on Commercial Motor and will give the opportunity to be involved in new product development.

 Responsibilities:

• Develop rating structures for Commercial Motor business, along with detailed specifications on rating different types of transactions. This will involve incorporating underwriting and pricing requirements

• Work with relevant underwriters, portfolio leads, IT and external providers to ensure that rating structures are developed as specified and tested appropriately

• Carry out modelling and impact assessment to translate technical price into street pricing, using different approaches to deal with limited data or other constraints

• Prepare sign off material and papers for governance forums supporting the Pricing manager in clearly articulating the impact of new rates/products

• Assist in development of a new tool to support underwriters in pricing commercial business. Translate existing rating into a new structure to facilitate quick premium generation

• Ensure development and testing of the tool is executed and controlled appropriately, in line with applicable Aviva standards

• Other ad-hoc analysis as required which may include production of MI, support on ad-hoc investigations and review and improvement of internal pricing processes

• Previous pricing experience desirable – particularly Motor

• Strong analysis and problem-solving skills

• Experience using Microsoft suite

• Programming skills- experience of SAS, R, VBA an advantage

• Knowledge of the Irish insurance market

• Degree in related discipline – actuarial, statistical, or mathematical