Reinsurance Pricing Consultant
3 days ago
Overview: At Rad Resources, we are seeking a highly skilled Reinsurance Pricing Consultant to join our team. As a key member of our actuarial department, you will be responsible for traditional reinsurance pricing, exposure rating, experience rating, stochastic modelling, and more.
Key Responsibilities:
- Traditional reinsurance pricing: Develop and implement pricing models to ensure accurate risk assessments.
- Exposure rating: Assess and analyze exposure data to determine optimal reinsurance strategies.
- Experience rating: Analyze historical data to inform pricing decisions and optimize reinsurance arrangements.
- Stochastic modelling: Develop and apply complex mathematical models to simulate reinsurance scenarios and optimize outcomes.
- Client Renewals: Work closely with clients to negotiate and finalize reinsurance agreements.
- Tenders for new business: Develop and submit bids for new reinsurance opportunities.
- Capital modelling & solvency II/SAM advisory: Provide expert advice on capital requirements and solvency levels.
Requirements:
- Actuarial experience within General Insurance - Essential
- Progress with the actuarial exams - Essential
- Strong IT skills (Excel, Access, VBA) - Desired
- Knowledge of reinsurance market and concepts - Desired
Estimated Salary: £60,000 - £80,000 per annum, depending on experience.
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