HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
HDI Global is an expanding Commercial & Specialty Lines insurer, with the Corporate business playing a pivotal role in our strategic growth. This role supports a EUR 650 million Commercial lines portfolio across Liability, Property, Motor, Engineering, Marine and Cyber offering an exciting and diverse combination of pricing tool development, case pricing and portfolio management.
The role:
We are seeking a dynamic and confident Actuarial Manager who is eager to take responsibility for business writing and decision-making across the portfolio. The ideal candidate will have the ability to assess the broader impact of decisions on the entire portfolio while engaging confidently with both technical and non-technical audiences, including senior management and Underwriters.
The key focus for the role is to:
Support and improve Corporate Pricing models:
Collaborate closely with Underwriting teams to ensure they are using the pricing models effectively and understanding their strengths and limitations. Provide actionable insights and feedback to the home office to drive continuous improvement in pricing tools, ensuring data quality and model accuracy are consistently maintained for optimal underwriting decisions.
Implement the Large Account Pricing process in the UK Branch:
Play a key role the Large Account Pricing process within the UK Branch, ensuring that pricing approaches are tailored to meet the specific needs of large clients. Collaborate with key stakeholders, including underwriting, home office, and senior management, to ensure the process is implemented efficiently, consistently, and in alignment with HDI Global Pricing Framework.
Develop portfolio level MI for the UK Branch:
Design and implement portfolio-level MI for the UK Branch, providing critical insights into portfolio performance, trends and profitability. Work with underwriting and strategic services to ensure the underlying data is accurate and aligned with reporting from across the business to enable consistent and effective data-driven decision making.
Support Finance Team with Strategic Projects:
Collaborate with the wider Finance team on various projects and activities, such as Financial Planning, Reserving, and Actuarial Systems, in alignment with the company’s strategic objectives and business plan.
Key accountabilities:
Actuarial
- Ensuring the proper use and understanding of all Corporate pricing models in the UK branch.
- Build and maintenance of local pricing models with appropriate TAS compliant documentation and review.
- Supporting the development of all global pricing models in line with home office requirements. Provide recommendations for local pricing adjustments to ensure the tools remain fit for the local market.
- Carry out all Large Account Pricing ensuring complete coverage of the nomination list, full and accurate feedback to Underwriting and TAS compliant documentation.
- Develop the performance monitoring of the UK & Ireland Corporate portfolio, tracking loss ratios, profitability, and emerging trends.
- Drive the continuous development and refinement of technical pricing methodologies for assessing Corporate business, ensuring alignment with evolving market conditions and Home Office priorities.
- Maintain a good understanding of the Company’s profitability requirements to ensure alignment in the technical pricing.
- Work closely with Underwriting teams to understand their portfolios, suggest strategic improvements and provide solutions to their pricing requirements.
- General ad hoc support for Underwriters.
Leadership and Team Performance
- Evaluate and monitor the team structure and roles to ensure that they are fit for purpose to deliver the function goals.
- Support Actuarial leadership to foster a dynamic team that performs to high standards and looks to continually improve.
- Oversee the development of the team by ensuing they have the opportunities, training and experience to expand their knowledge and improve their skills.
- Identify skills gaps and training requirements of the function.
- Ensure the performance of the function remains at an excellent standard
- Build strong and effective relationships within the business, encouraging cross Company team working to facilitate effective commercial underwriting decisions.
Relationship Management
- Build collaborative relationships within the business to facilitate effective commercial underwriting decisions.
- Represent the company externally at client and broker meetings.
Risk Management
- Design, implement and maintain process controls to ensure the quality of the output of the function. Ensure documentation of the processes and output is accurate, up-to-date and accessible.
Communication
- Communicate technical assumptions and pricing techniques to a non-technical audience, both internally and externally.
- Ensure the relevant audience understands the risks and limitations of any analysis when used to inform business decisions.
Reporting
- Design, develop and analyse reports to enable better understanding and monitoring of the mechanics of each line of business.
- Identify and recommend solutions to reporting issues in line with group/branch requirements, ensuring all parties understand and value the reasons and benefits behind any changes.
Process Improvement
- Identify and implement improvements to the pricing processes to encourage proper use by Underwriting and high-quality data outputs.
- Implement and maintain process controls to ensure the quality of output within the Corporate Pricing function is as reliable and accurate as possible.
Compliance and Conduct
- Maintain an understanding of and comply with all relevant FCA / PRA / Company regulatory requirements and other relevant regulatory requirements
Skills & Experience:
- Experience of General Insurance Pricing and Reserving, ideally London Market.
- IFoA qualified or equivalent experience.
- Experience of managing technical and non-technical stakeholders.
- Very strong knowledge of Microsoft Excel and VBA.
- Experienced user in software relevant to data manipulation and reporting (e.g. SQL, PowerBI etc.) required.
- Experienced user in software relevant to actuarial analysis (e.g. ResQ, GLM software etc.) preferred.
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
If you require support with your application, please contact UK&IRE_Recruitment@hdi.global
