Senior Pricing Analyst

Focus Resourcing
£35000 - £40000/annum
10 Jun 2017
10 Jul 2017
Contract Type
Full Time
Our client is seeking a Pricing Analyst to support the Senior Managers to achieve their key strategic objectives by providing risk pricing recommendations, information and insight based on market leading analytical and modelling work. You will already have a degree in a numerical subject and strong numerical and analytical skills. This role also requires excellent problem solving skills, an understanding of general insurance underwriting principles, along with some pricing experience. You will already have experience of, statistical and mathematical techniques applicable in general insurance pricing, risk selection and analysis. This role requires exceptional attention to detail and strong organisational skills. The ideal candidate will have the ability to manage and prioritise given workload with business objectives for a small team.

The role:

* Maintain and develop best practice pricing models and price optimisation techniques
* Ensure that rate adequacy is maintained by monitoring/reporting actual vs expected experience
* Identify and utilise both internal and external data within the pricing models
* Analyse, evaluate and assess new rating factors and develop pricing structures incorporating these
* Maintain an expert level of general technical knowledge of General Insurance products, and a working knowledge of market developments and market trends in products that our client provides
* Maintain an expert knowledge of the pricing and analysis tools available. i.e. Excel, Radar, Emblem, Classifier and SAS
* Automate, streamline and document pricing process, to make them as efficient as possible
* Perform future planning and forecasting
* Apply predictive modelling expertise to a wide range of business problems beyond pricing
* Actively manage pricing projects incorporating some, or all, of the above
* Focus on innovation across all pricing processes from idea generation through to implementation
* Understand the team's key objectives and support all activity focused on delivering those key objectives
* Attend meetings where you represent the department

The person:

* Qualification at degree level in appropriate subject
* Strong numerical and analytical skills, and good problem solving skills
* Highly numerate (gained by experience or/and qualification)
* An understanding of General insurance underwriting principles, and some pricing experience
* An understanding, and experience of, statistical and mathematical techniques applicable in general insurance pricing, risk selection and analysis
* And/or: a background in data science with particular experience in machine learning, statistical analysis and predictive modelling on large datasets using, for example, R, Python, SAS, SQL etc
* Display attention to detail and accuracy
* Self motivated and ability to work under pressure both in isolation and with other business areas
* Good communication & interpersonal skills
* Some experience of mentoring junior analysts