Head of Pricing

Company Details Responsibilities

The Head of Pricing is responsible for leading and coordinating pricing activities, including the development of pricing models, pricing support for underwriters, and the production of pricing metrics and management information.

• Oversee the development, periodic review and update of all pricing models and assumptions in collaboration with underwriters and other actuaries.
• Manage and coordinate actuarial case pricing and pricing support for underwriters, ensuring good collaboration with underwriting teams.
• Be responsible for the production of pricing metrics, including priced loss ratios and rate change, including a process of review to ensure the reasonableness of these metrics for use by the broader actuarial team, management and in the reserving process.
• Produce management information for monitoring underwriting performance against plan and prior periods and price monitoring reports.
• Work with the Chief Actuary to develop the strategic plan for the development of the pricing function, in particular building out portfolio reporting and a view of rate adequacy and return on capital for appropriate segmentations of the business.
• Assist in business reviews and planning, acting as the point person to drive the feedback loop between historical reserving results and any required updates to the pricing basis.