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Pricing Analyst

  • Salary: Up to £35000 per annum
  • Location: West Midlands
  • Sector: Risk Management
  • Job type: Permanent
  • Date posted:
    29 Jul 2020
  • Job reference: 34160

Midlands, Relocation package offered

A well respected insurer with an enviable reputation within the UK General Insurance market are looking for an experienced Pricing Analyst (Modelling) to join a growing pricing team.

The purpose of this team is to support business objectives, but do in in a way that enhances the insurers reputation for integrity - in short, they aim to deliver fair and accurate prices for their customers.

The pricing team covers commercial, personal and motor lines of business - everything from large commercial risk to pet insurance. The breadth of the department brings real opportunity to broaden your skill set and enrich your knowledge across all of these areas.

What you'll love about this company…

As cliche as it may sound, it's a great place to work. They have an extremely positive culture and they tailor development to what's important to you.

They offer attractive salaries along with incremental increases to ensure your work is rewarded.

10% annual bonus.

Free on site parking.

The health and well being of their staff is key, so you will receive free gym membership and other health perks.

They offer a fantastic pension with the minimal of personal contributions.

25 days' holiday as standard + bank holidays - with options to buy, sell, or bank up to 5 days each year.

More support, more career development, more rewards, more job satisfaction.

What they need from you

As a Lead Modelling Analyst within the team, you will advise and support departmental colleagues and Managers, to continually deliver improved model accuracy and generate new insight that will support enhanced decision making.

You'll be supporting with the development of new modelling methodologies (e.g. machine learning techniques) to extract more value and insight out of existing datasets.

Assisting with the identification and testing of new pricing model data to improve understanding, performance and 'predictiveness'.

Executing the 'expert judgement' process in collaboration with underwriting, to ensure rates and rating logic are informed with the benefit of deep insurance and market knowledge.

Building and maintaining influential and two-way relationships with the Risk and Street Pricing community, as well as underwriting to ensure effective delivery.

Coaching and developing junior analysts so that they know what is expected and to maximise their contribution to business objectives.

Essential experience

You must have experience of working within the general insurance market within a pricing capacity.

You will have experience of running multiple streams of work simultaneously and will have experience of building and using pricing models (loss cost and/or demand models) using either Emblem or R.

Ideally, you will have experience of conducting peer reviews of models and will have strong influencing skills with the ability to establish effective relationships with stakeholders.

Visit the IDEX Consulting Ltd website for further opportunities. We value diversity and always provide guidance based on merit. Please note that the information supplied may be retained for up to 3 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.

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