Renewal Pricing Specialist
hace 2 días
Overview
The Renewal Pricing Specialist will play a key role in driving profitable results for the Verita team. This position requires expertise in modeling and pricing renewal and new business policies, as well as developing and using complex financial models to sustain long-term strategic direction.
About the Role
This position reports directly to the Chief Actuary and is responsible for enhancing, reviewing, and monitoring pricing models used throughout the group. The successful candidate will work closely with the underwriting team on deals, participate in meetings with brokers and clients, and price complex programs as needed.
Key Responsibilities
- Develop and maintain advanced risk pricing tools and legal/macro trend analyses to inform pricing decisions.
- Collaborate with the Catastrophe Modelling team to price concentration accounts and assist with pricing studies that monitor the profitability of products.
- Track and report on key actuarial metrics across all lines of business, including rate change, loss trends, and regulatory requirements.
- Communicate results, analysis, and recommendations to management and stakeholders in a clear and concise manner.
- Assist with the production of actuarial reserve reports that comply with actuarial standards of practice.
- Provide data and information to third-party actuaries and auditors, and support internal/external stakeholders with their assigned area of responsibility.
Requirements
- Bachelor's degree in Actuarial Science or related field.
- Professional certifications such as FCAS or FSA.
- Strong analytical and technical skills, with experience working with complex financial models and data.
- Excellent communication and interpersonal skills, with ability to work effectively with cross-functional teams.
- Knowledge of industry trends and best practices in pricing and risk management.
What We Offer
- A competitive salary range of $120,000 - $180,000 per year, depending on experience.
- A comprehensive benefits package, including health insurance, retirement plan, and paid time off.
- Ongoing professional development opportunities, including training and mentorship programs.
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