| Job Description | Summary: The Actuary (Pricing) is responsible for developing pricing indications using Company’s methodologies so as to attain an underwriting profit for all business. This position will report to Hudson’s Chief Actuary and will include, but not limited to the following:
Essential Duties:
•Prepares and coordinates monthly rate monitoring report.
•Prepares and coordinates quarterly actuarial reports.
•Communicates with broker/consulting actuary/client actuary when needed.
•Develops pricing indications using Hudson/Odyssey Re methodologies so as to attain an underwriting profit on all business. Prices alternative structures as needed.
•Clearly communicates pricing indications to underwriters/senior company management.
•Participates in underwriting audits at client’s offices..
•Create biannual profitability reviews for assigned programs and lines of business.
•Maintains familiarity with insurance industry developments impacting pricing analysis.
•Updates pricing models, including trends, increased limit factors, etc..
Job Requirements:
•Strong mathematical, analytical and computer skills.
•Advanced knowledge of Excel and Access.
•Ability to communicate effectively with all levels in the company and external people including brokers, consulting actuaries and clients.
•Maintains confidentiality of company-sensitive data.
•Keeps supervisor informed of activities and situations, which will impact the achievement of corporate, and department goals and objectives.
•Performs other related duties as required to achieve the goals and objectives of the company and department.
Education and experience
•FCAS with a minimum of 10 years commercial lines pricing
•Bachelors degree or equivalent |
| | Company | | Hudson Insurance Group | Job Code | | State or Province | | New York | | |
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