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Form of work
SalaryPricing Analyst
Worthing, to £70k
Pricing Analyst required to join our dynamic team in Worthing. As a Pricing Analyst, you will play a pivotal role in developing and implementing pricing strategies to ensure profitability and competitiveness in the insurance market.
KEY RESPONSIBILITIES:
- Operate on both supply side (underwriting) and demand side (sales) pricing
- Developing, maintaining, and enhancing pricing models for their insurance products, ensuring they are both competitive and profitable.
- Analysing historical claims and other relevant data to identify trends and patterns, and applying this knowledge to optimize pricing strategies.
- Refine and develop metrics for tracking performance across the company’s portfolio
- Collaborating with external underwriters, product development, and other cross-functional teams to design new and innovative insurance products.
- Monitoring the performance of existing products and recommending adjustments to pricing and coverage as needed.
- Staying current with industry trends, regulatory changes, and emerging methodologies to ensure best practices are consistently applied.
- Preparing clear and concise reports for management and other stakeholders, outlining pricing recommendations and their potential impact on the business.
- Supporting the development and implementation of advanced pricing tools and methodologies.
- Mentoring and providing guidance to other team members.
KEY REQUIREMENTS:
- Qualified or nearly qualified actuary with relevant experience in the insurance industry.
- Strong analytical and problem-solving skills, with proficiency in statistical modeling and data analysis tools (eg, SAS, R, Python).
- Solid understanding of insurance principles and pricing techniques.
- Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
- Proven ability to manage multiple projects and priorities in a fast-paced environment.
- Knowledge of regulatory requirements and industry standards related to insurance pricing.
