Senior Insurance Pricing Analyst

ARC Recruitment ,
Halifax, West Yorkshire
More Details
Salary: From £35,000 to £45,000 per annum

Overview

Senior Insurance Pricing Analyst Principal Purpose of Role: To support the Senior Managers to achieve key strategic objectives by providing risk pricing recommendations, information and insight based on market leading analytical and modelling work. Principal Duties & Responsibilities: Performance Focus · 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 sell · 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 · Undertake other duties over and above those listed in the job description , appropriate to the individual’s skills and experience. · If you are working towards professional qualifications, make reasonable progress towards completion. People Focus · Build, develop and maintain a team of up to two analysts with the skills and experience necessary to deliver the agreed strategy and objectives and respond to the changing demands of the business. · Ensure all members of the team have, and are evaluated against, stretching objectives which contribute to the achievement of company objectives. · Ensure all members of the team are provided with regular and constructive feedback on their performance and behaviours. Values Focus · Assist in tasks that ensure our customers are treated in accordance with the principals of Treating Customers Fairly (TCF). · Act in accordance with the Company’s values with both internal and external customers to facilitate continued and improved company reputation and success. · Communicate information with internal customers in a responsible, effective and timely manner, for example d eliver all analysis/reports in a clear and concise format · Work co-operatively with colleagues to adopt a professional, friendly culture · You will provide assistance to other teams as and when required and ensure that each customer is dealt with appropriately to satisfy our customer’s needs. Governance Focus · Ensure all relevant activities are carried out in compliance with all relevant regulatory and legal requirements and company policies. · Ensure all relevant activities are carried out in compliance with all relevant regulatory and legal requirements and company policies. · Remain vigilant to the potential opportunities for financial crime, fraud and money laundering and take actions appropriate to mitigate their likelihood and impact · Be alert to potential regulatory and business risks within the Department. · Contribute to ensuring work is produced in line with regulations and professional standards by diligently conducting peer reviews of colleagues work. Person Specification Qualifications · Qualification at degree level in appropriate subject Experience · 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 s ome 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 · Ability to manage and prioritise given workload with business objectives for a small team · Some experience of mentoring junior analysts This job was originally posted as www.totaljobs.com/job/89954076

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