Senior Actuarial Pricing Analyst
Milton Keynes, Buckinghamshire, United Kingdom
4d ago

Job Description

NHBC has a unique opportunity available for a Senior Actuarial Pricing Analyst to join the team in Milton Keynes. The role is a full time, permanent position offering a salary of £49,000 -

£55,000 per annum plus bonus and benefits.

This role of Senior Actuarial Pricing Analyst falls within Actuarial’s pricing team. The team is managed by the Senior Pricing & Reinsurance Actuary who in turn reports into the Head of Actuarial.

The department’s objectives relate to reserving, pricing, reinsurance, management information and data analytics activities.

NHBC is the leading insurance and warranty provider for new homes. Our purpose is to work with the house building industry to raise the standards of new homes and provide protection for homeowners.

Homes are at the heart of all our lives and our employees are proud to be making a difference to improving the standards of house building in the UK.

Being an independent non-profit distributing company with no shareholders enables us to focus on our mission. NHBC is the home warranty provider of choice, we currently insure over 1.

6m homes, with a market share of approacturximately 80%.

What are the responsibilities of the Senior Actuarial Pricing Analyst?

Delivering NHBC’s technical pricing assessment, analysis and reporting capabilities.

Ongoing improvement of pricing / profitability models / processes.

Development of new exposure monitoring tools / analyses / management information.

Reviewing / renewing NHBC’s reinsurance arrangements.

Project managing the pricing teams BAU activities.

Developing the more junior members of the pricing team.

Verbal communication and reporting of results / analyses to key stakeholders.

Report reviewing / writing.

Maintaining high governance standards for the work undertaken by the pricing team (including data quality / model documentation).

Inter-team knowledge sharing / peer review.

Compliance with FRC and IFoA Actuarial Professional Standard.

What do we look for in a Senior Actuarial Pricing Analyst?

  • A number of years pricing actuarial experience gained in a general insurance company or consultancy.
  • Experience with generalised linear models.
  • Proven of interactions with stakeholders at a range of levels.
  • Relevant degree for Actuarial work (minimum 2 : 1).
  • Good progress in the IFoA exams, or equivalent.
  • Good analytical, communications skills and ability to work to a high degree of accuracy.
  • Thorough knowledge of standard pricing techniques / usual market practice.
  • Knowledge of actuarial techniques, market practice, relevant legislation and insurance market environment, awareness of emerging market developments
  • Salary / Benefits of becoming our Senior Actuarial Pricing Analyst :

  • Salary £49,000 - £55,000
  • 25 days pa annual leave with additional days for long service
  • Pension scheme accredited to Pension Mark Plus standards (up to 10.5% of salary employer contribution) with life assurance of 4 x salary
  • Funded private medical insurance
  • Cycle purchase scheme
  • High street discounts and preferential gym rates
  • Employee assistance programme
  • Free Car Parking
  • Subsidised Canteen
  • Relocation assistance may be available for the right candidate.

    Always happy to talk flexible working

    We encourage employees to work flexibly in different ways including home working, field working and both formal and informal flexible working arrangements.

    We don’t promise we can offer you what you want, but we are always willing and happy to talk flexible working options. This can be discussed further during the interview process.

    Diversity and Inclusion

    NHBC is committed to equal opportunities for all. We are a signatory to the Armed Forces Covenant and the Women in Finance Charter.

    Our inclusive culture helps us to maintain competitive advantage as we aim to attract people from diverse backgrounds to complement our team.

    Underlying our overall commitment to equality is the fundamental belief in the right of all employees and customers to be treated with dignity and respect and to be guaranteed freedom from discrimination.

    Our Values

    Excellent - Proud and professional in all that we do.

    Connected - Collaborating, sharing and achieving success as a team.

    Human - Challenging, supporting and respecting each other.

    Progressive - Inspired by possibilities, learning and adapting together.

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