AVP, Pricing Actuary

Hamilton

1d•Hybrid

About The Position

We’re looking for an AVP, Pricing Actuary. Based in the US and reporting to the Head of Pricing, US, this role will contribute and add value to the Actuarial team and to Hamilton groupwide through providing pricing support and analysis as well as specific project-based work. Hamilton Select is our US excess and surplus lines insurer based in Richmond, Virginia underwriting hard-to-place accounts in the small and middle-market space through an appointed wholesale broker network.

Requirements

At least four years’ experience within the P&C insurance and/or reinsurance industry focused on actuarial analyses
Experience calculating and reporting renewal rate change indications
Familiarity with reinsurance terms, structures, and data
Demonstrable ability to effectively communicate pricing and analytical findings
Technical expertise & capabilities within the actuarial field
Ability to productively leverage data and technology
Ability to work both independently and collaboratively
Must act with integrity
Must act with due skill, care and diligence
Must be open and cooperative with the FCA, the PRA and other regulators
Must pay due regard to the interests of customers and treat them fairly
Must observe proper standards of market conduct
Must act to deliver good outcomes for retail customers

Nice To Haves

ACAS or FCAS preferred
Experience with programming in VBA, SQL, R and/or Python preferred
Experience with Verisk/ISO rating and the ISO Commercial Lines Manual

Responsibilities

Monthly calculation and reporting renewal rate change
Perform periodic product reviews for each underwriting division
Maintain and update pricing models, pricing parameters, and data tables supporting underwriting divisions rating algorithms
Assist in reporting underwriting results to Company and Group leadership
Collaborate with other departments including underwriting, claims, and IT
Assist in the production, interpretation and clear communication of analyses to support ad-hoc projects
Analysis of claims trends to improve prediction of likely outcomes
Support the future development of the actuarial pricing function and any associated business development work
Support various other projects within the reserving and actuarial teams (e.g. claims inflation, reinsurance solutions, claims performance metrics and reserving trend analysis).