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Pricing Analyst, Insurance

Arc IT Recruitment
Posted 6 hours ago, valid for 15 days
Location

London, Greater London EC2V 7WS, England

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 Pricing Analyst position is available in London/Hybrid, offering a salary of up to £52,000 plus bonuses and excellent benefits.
  • This role initially focuses on personal lines but will increasingly involve specialty commercial lines business as part of the client's pricing strategy.
  • Candidates should have proven pricing experience in general insurance, along with highly developed mathematical and statistical knowledge.
  • Experience with recognized pricing tools such as Radar and Hx is required, along with a solid understanding of FCA regulations.
  • The position involves supporting various pricing and performance analyses, requiring strong analytical skills and the ability to present findings to stakeholders.
Pricing Analyst, InsuranceLondon/HybridUp to £52k + bonus + excellent benefits  Talented Pricing Analyst is sought by ever growing, highly successful insurance group operating in the London Market.This role focuses on personal lines initially with increasingly more focus on specialty commercial lines business in line with our clients pricing strategy.   Responsibilities 
  • Support the rate deployment in pricing tools and investigations on its accuracy. 
  • Support the pricing team in achieving high standards of work, including technical rating of all risks and regular monitoring of Delegated underwriting contracts.
  • Lead investigation and preparation of data for performance analysis and parameterisation of pricing models.
  • Support the production of pricing and performance MI capabilities and dashboards. 
  • Investigate pricing queries and respond appropriately to customers and highlight required model improvements to assist in the reduction of pricing queries and complaints. 
  • Analyse pricing model data including parameter validations, including lead investigations of alternative data sources for parameterisation of pricing models
  • Support in depth portfolio analyses and performance management and present results to a variety of stakeholders 
  • Support risk segmentation analysis and recommendation of price change proposals to achieve business targets. 
  • Support for business and technical planning process.
Knowledge and Skills  
  • Proven pricing experience in general insurance 
  • Highly developed mathematical / statistical knowledge.
  • Detailed knowledge of actuarial methods and techniques, and ability to apply them in practice, making reasoned judgements within a business environment.
  • Experience with industry recognised pricing tools, such as Radar, Hx. 
  • Knowledge of a range of modelling techniques and applications for pricing
  • Knowledge and understanding of FCA regulations and understanding of the underlying principles of insurance and reinsurance.
  For a full consultation on this exciting new opportunity, give ARC IT a call today!

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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.