Pricing Analyst

6 days ago

West Worthing, United Kingdom Arc IT Recruitment Full time

Pricing AnalystWorthingto £70k, DoE

Pricing Analyst required to join our dynamic team in Worthing. As a Pricing Analyst, you will play a pivotal role in developing and implementing pricing strategies to ensure profitability and competitiveness in the insurance market.Specifics of the role:

  • Operate on both supply side (underwriting) and demand side (sales) pricing
  • Developing, maintaining, and enhancing pricing models for their insurance products, ensuring they are both competitive and profitable.
  • Analysing historical claims and other relevant data to identify trends and patterns, and applying this knowledge to optimize pricing strategies.
  • Refine and develop metrics for tracking performance across the company's portfolio
  • Collaborating with external underwriters, product development, and other cross-functional teams to design new and innovative insurance products.
  • Monitoring the performance of existing products and recommending adjustments to pricing and coverage as needed.
  • Staying current with industry trends, regulatory changes, and emerging methodologies to ensure best practices are consistently applied.
  • Preparing clear and concise reports for management and other stakeholders, outlining pricing recommendations and their potential impact on the business.
  • Supporting the development and implementation of advanced pricing tools and methodologies.
  • Mentoring and providing guidance to other team members.

Ideally you will have experience in the following:

  • Qualified or nearly qualified actuary with relevant experience in the insurance industry.
  • Strong analytical and problem-solving skills, with proficiency in statistical modelling and data analysis tools (eg, SAS, R, Python).
  • Solid understanding of insurance principles and pricing techniques.
  • Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
  • Proven ability to manage multiple projects and priorities in a fast-paced environment.
  • Knowledge of regulatory requirements and industry standards related to insurance pricing.

If this sounds of interest do send your CV across for consideration.

Worthing, West Sussex. Hybrid working available, to 70k, DoE

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