Would you like a career in or the opportunity to further your career in insurance?
Do you have strong mathematical skills?
Our client, a global financial services provider based in the City Centre, is looking for a Pricing Analyst to join their Technical team. The Pricing Analyst will be trained to provide technical pricing support and make pricing recommendations to the business for a range of general insurance products.
Daily duties of the Pricing Analyst to include;
- Supporting the development of pricing models for new business and renewals, considering risk, expenses, brokerage, commissions and premiums
- Analysing data and undertaking complex modelling to quantify risk and support decision making
- Working with the Underwriting department to establish most effective risk acceptance criteria and working with the business to implement and control
- Developing analytical projections to predict how insurer price changes will impact business performance
- Completing product performance reviews and suggesting price adjustments to ensure profitability and penetration
- Producing pricing recommendations in collaboration with the Commercial and Finance departments
- Performing actuarial analyses, including trend analyses, analyses of loss and expense reserves as it relates to pricing adequacy and strategic direction
- Designing, testing and maintaining pricing models and associated tools
- Remaining current with regulatory and market conditions, applying this knowledge when pricing
- Improving pricing capability and effectiveness by adopting market-leading technology and methods
Due to the nature of this Pricing Analyst position, my client is looking for someone with experience in insurance pricing but will also consider training a graduate with a degree in Mathematics or similar who has some relevant work experience. The construction of generalised linear models through Emblem would be highly desirable, as well as competence in SAS for data analysis and interrogation.
If this Pricing Analyst position sounds of interest, please get in contact or apply today.