Pricing Actuary

Senior Pricing Actuarial Analyst - Pricing - Chicago - Hybrid - Up to $160,000

I am currently working with a World Leading Insurance Carrier who are looking for a Senior Pricing Actuarial Analyst to join their team in Chicago!

Key Responsibilities:

• Evaluate the profitability of E&S Casualty sectors, including Energy, Products Liability, Construction, General Casualty, Public Entities, and Transportation for General Liability and Auto Liability.
• Collaborate with underwriting teams to formulate pricing and underwriting strategies, identifying areas for profitable growth.
• Track changes in rates, exposure, retention, and business turnover. Analyse loss trends and industry/regulatory changes, and effectively communicate insights to management.
• Develop innovative business solutions to maximize risk-adjusted profits. Create and implement analytical tools to manage existing portfolios effectively.
• Partner with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions affecting reserve estimates.
• Examine and monitor the profitability of casualty lines by industry segment and geography.
• Research and implement best practice pricing techniques, including Generalized Linear Models (GLMs), across the business.
• Mentor and train junior staff members.

Qualifications:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• ACAS designation or near ACAS status.
• A good Actuarial experience in Commercial Lines P&C insurance, with a preference for commercial property pricing.
• Exceptional analytical and problem-solving abilities.
• Excellent stakeholder management skills, with a background liaising with Underwriters/Brokers.
• Ability to work effectively both independently and as part of a team.
• Proficiency in Excel, SQL, Python, R, or other programming languages is preferred.
• Excellent business skills, a collaborative spirit, and responsiveness to service needs and operational demands.
• Excellent communication, presentation, and interpersonal skills.

If you would be interested in discussing this opportunity further then please apply now!!!