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Lead Risk Pricing Analyst

GerrardWhite
Posted 15 hours ago, valid for 20 days
Location

London, Greater London EC1R 0WX

Salary

£40,000 - £48,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Lead Risk Pricing Analyst position is a hybrid role based in London, offering a salary range of £80,000 to £100,000 depending on experience, along with benefits.
  • This role requires a minimum of 5 years of experience in pricing, preferably within the UK home insurance sector.
  • The successful candidate will work closely with various teams, utilizing large data sets to forecast growth, conduct rate reviews, and develop risk models for home insurance.
  • Key responsibilities include mentoring team members, preparing reports for senior leadership, and collaborating with engineers on innovative projects.
  • Candidates should possess strong technical skills in risk modeling, data manipulation, and a solid understanding of retail price optimization strategies.

Lead Risk Pricing Analyst - Home

Risk Pricing, Data Science, Home Insurance, Personal Lines

Hybrid - London

£80,000 - £100,000 d.o.e + Benefits

Are you an experienced Risk Pricing Analyst looking to take the next step in your career?

We have an exciting opportunity for a Lead Risk Pricing Analyst to join a truly innovative Pricing team that plays a critical role in driving business growth and staying ahead of the competition.

About the Pricing Team

This team is the powerhouse of the business, collaborating closely with machine learning, data engineering, marketing, and tech teams, they harness vast data sets from a variety of sources to gain a detailed understanding of their customers.

What You'll Do

  • Forecast Growth & Loss Ratios: Support forecasting efforts and refine performance metrics.
  • Rate Reviews: Conduct regular rate reviews and monitor their impact.
  • Risk Modelling: Develop risk models tailored to home insurance.
  • Mentorship: Train and mentor team members to grow their expertise.
  • Data Analysis: Analyse large datasets, recommend initiatives, and implement models.
  • Reporting: Prepare periodic reports for senior leadership.
  • Collaborative Innovation: Work closely with engineers to bring ideas to life.
  • External Relationships: Provide analytical support to reinsurers, regulators, and other partners.
  • Product Expansion: Price and launch new insurance products.

What You Bring

  • Experience: 5+ years in pricing, preferably in UK home insurance.
  • Education: Degree in a numerical discipline
  • Technical Skills:
    • Expertise in risk models such as GLMs using Emblem.
    • Proficiency using RADAR software.
    • Strong data manipulation using SQL, Python, R, or similar tools.
  • Process Knowledge: Experience in rating updates, performance, and impact monitoring.
  • Optimisation Insight: Solid understanding of retail price optimisation strategies.

Interested?

Please send your CV for immediate consideration

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.