Job Ref: MF9386

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Pricing Analyst

Salary: to £70k, DoE

Location: Worthing (Hybrid)

Job Type: Full Time

The Role:

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.

Your Data point of contact is:

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Job Ref: MF9386

Data

Pricing Analyst

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