Pricing Analyst

2 months ago

London, Greater London, United Kingdom Markel Corporation Full time
Are you looking to further develop your career as a Pricing Analyst?

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special

The opportunity:

We have an exciting new opportunity for a Pricing Analyst to join our team here in London. The team is embedded within the business and works closely on a day-to-day basis with expert underwriters, claims handlers, finance, actuarial, sales, operations, and management. This close interaction is key to delivering detailed solutions quickly, to the people that need them. This opportunity will require individual risk pricing, development and maintenance of pricing models, portfolio modelling, profitability analysis and the production of management information across the business. You will work to analyse our ever-developing data, telling the story and delivering insights from our emerging experience to key stakeholders such as the reserving team, finance, and management.

What you'll be doing:

Pricing
  • Assist in the pricing of specific risks according to Markel underwriting guidelines, and support underwriting strategy across NM.
  • Review rates and assumptions on selected product lines as requested by underwriters and management.
  • Maintain and develop new and existing rating engines, including exploring new rating factors and producing technical documentation on the rating tools.
  • Researching and proposing new pricing techniques and methodologies, continuously seeking to improve the quality of the Technical Pricing output.
  • Work with claims handlers to understand our claims experience and how this impacts our premium rating.
  • Work with underwriters on new product development, actively build relationships with underwriters and seek areas where the data led analysis can add value.
  • Assist in compliance with all other regulatory and audit requirements, including internal underwriting guidelines, audit actions, as well as with external bodies such as the Faculty & Institute of Actuaries, CAS, external auditors.
Data & Analytics
  • Assessing and improving the data quality produced by the local offices for use by central functions.
  • Researching & implementing solutions to improve the data & analytics capabilities across NM.
  • Working with data scientists and data engineers to develop data pipelines and automated workflows.
  • Staying up to date with the latest techniques applicable to our business.
Profitability | Portfolio Analysis
  • Work closely with the portfolio management team, providing insights and data to assist in the production of key metrics to enable data driven decision making.
  • Provide analysis for management to assist them in formulating their strategy on specific lines of business.
  • Produce regular reports on key pricing metrics, e.g. technical ratio and rate change. Liaising with underwriters and reporting on any trends or observations
Our must-haves:
  • Have at least two years of work experience - experience of commercial lines pricing is an advantage.
  • Have knowledge of SQL and Python. Experience in creating and running code and analysis in Notebooks is an advantage.
  • Experience of using the Azure and Databricks platform is an advantage.
  • Have knowledge of standard software tools, such as Microsoft Office (Excel, Word, PowerPoint).
  • Will display excellent analytical and decision making skills, and the ability to communicate technical concepts to both technical and non-technical audience.
  • Actively keep knowledge and skills up-to-date through courses and seminars (study support will be available).
Who we are:

Markel Group (NYSE - MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We're all about people | We win together | We strive for better | We enjoy the everyday | We think further

What's in it for you?
  • A great starting salary plus annual bonus & strong benefits package...
  • 25 days paid holiday plus Bank Holidays, with the opportunity to buy / sell extra leave
  • Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
  • There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that
Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal-opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at or call us on to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

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