Senior Specialist (Pricing)

• Develop, review and update internal pricing models for short-term insurance (“STI”) and medium to long-term (“MLT”) products considering reinsurance structures, as well as related company valuation models.
• Recommend premium rates that reflect expected losses, expense loadings and appropriate profit margins relative to capital requirements.
• Assist in developing appropriate pricing methodologies for new products.
• Ensure pricing models are well documented, regularly calibrated and validated.
• Conduct pricing experience analyses and present findings to management.
• Extract and interpret data from financial models to support pricing decisions and the expression of risk appetite for key sectors.
• Contribute to the automation and optimisation of the core pricing processes.
• Collaborate with cross-functional internal stakeholders to research industry trends and compile reports on risks and opportunities.
• Contribute to the development of related policies, such as the underwriting manual and reserving policy.
• Support product development initiatives in collaboration with internal stakeholders.
• Assist with preparing information required for technical peer review and internal / audit purposes.
• Support the annual assumption calibration exercise and validation of models used for reserving and capital calculations, particularly on expected loss calculation inputs.
• Liaise with external actuarial service providers.
• Assist with reviewing the unit’s measures for enterprise risk assessment.
• Attend project committee meetings when required.
• Assist the Unit Head with planning and tracking unit deliverables.
• Mentor and guide actuarial graduate trainee(s) who supports pricing, reserving and capital management functions.
• Support reserving and capital management workstreams, as required to ensure overall unit success.

Key Measures

• Accurate and timely completion of data analysis and modelling deliverables.
• Effective development, maintenance and documentation of pricing models.
• Quality of pricing performance reviews, trend analyses and management reporting.
• Contribution to strategic research, analysis and pricing insights.
• Effective engagement with key internal and external clients and stakeholders.

• Relevant Bachelor’s degree in Actuarial Science, Economics, Financial Engineering, Mathematics, Statistics, or a related quantitative finance field.
• Additional business or professional qualifications would be an advantage.
• At least five years’ experience in insurance pricing, credit risk modelling, reserving or economic capital modelling.
• Experience with actuarial, statistical modelling or programming tools such as VBA, R, Python or SQL.

• Strong model development, maintenance and validation skills.
• Excellent analytical, problem-solving and data interpretation skills.
• Advanced Excel capability and programming experience alongside proficiency in other Microsoft Office applications (Word, PowerPoint).
• Understanding of relevant Prudential Authority standards.
• Ability to work independently, use initiative and prioritise tasks effectively within tight deadlines.
• Ability to communicate technical concepts clearly, both verbally and in writing.
• Strong attention to detail and ability to deliver highly accurate outputs.
• Ability to build effective relationships across the business and with stakeholders at all levels.
• High degree of integrity and professionalism.

• Problem Solving: Demonstrates sound critical thinking skills and apply proven solutions appropriately.
• Customer Service Orientation: The willingness and ability to give priority to customers, delivering high quality services which meet their needs.
• Delivery: Translates business objectives into practical, prioritised and organised action plans; ensures plans are safely and successfully implemented.
• Conflict Resolutionroaches.ches. ons division ry; : Identifies and pushes for solutions in which all parties can benefit.
• Team Participation: Consistently offers relevant input to team discussions as issues are being clarified and solutions are being developed.
• Flexibility: Aavailable to work more than ordinary business hours.
• Assertiveness: demonstrates strong management qualities for the office of the CEO

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