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Pricing Analyst
2019-12-13 |
Pricing Analyst
1. Pricing - Individual
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Conduct accurate and timely modeling, risk analysis, and other new business development activities
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Draw from a range of information sources to diagnose and respond to problems and issues
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Contribute to the design of reinsurance transactions
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Model and analyze quotes using the approved pricing basis
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Use statistical and/or actuarial approaches to interpret issues and identify business risks
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Make pricing recommendations based on work completed
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Ensure proper filing (and backup) of all quotation files
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Review treaty and addendum wordings and ensure consistency with offer documents and other documentation
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Assist in product development initiatives
2. Marketing & Research
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Provide support in the development of marketing initiatives
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Assist with experience studies and internal reviews as required
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Assist with research and review the Pricing Basis as required
3. Industry Knowledge and Participation
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Contribute to knowledge sharing initiatives within the team (e.g. attend Lunch and Learns)
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Build and utilize internal resources with the aim of improving business practices
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Keep abreast of local trends that may affect pricing function:
- Regulations
- Competitors
- Clients -
Identify and communicate emerging trends and recommend specific action to:
- address opportunity/threat
- influence regulations/trends as need be4. Modeling and Communication
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Identify continuous improvement opportunities that impact a particular work practice/process
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Evaluate work practices to minimize rework and maximize productivity
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Support and assist to identify project tasks, activities and dependencies
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Identify various options and seeks optimal solution in modeling data
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Develop appropriate robust models to manipulate and model data
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Consider data modeling issues and proposes process improvements to minimize risk of error
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Assist in the technical and peer review of others models
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Manage special projects or ad hoc duties as required.
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