Lead Pricing Analyst
Salary: Circa £60,000 per annum, plus annual bonus
Location: London (Hybrid Working)
Contract Type: Permanent, Full Time
Our client, an esteemed Insurance Company, has been consistently recognised as a UK Top Employer for the past three years. They are seeking a highly skilled Lead Pricing Analyst to join their team in London on a hybrid basis.
The Lead Pricing Analyst will plan and deliver pricing related projects to deadline and quality standards. They will directly influence the future growth and profitability of the business. The role will involve the management of detailed analysis of data using sophisticated actuarial and statistical techniques in order to recommend pricing actions which increase volume and profit. In addition, the Lead Pricing Analyst will build pricing capability and core skills within the business, as well as influence the strategic direction of the risk pricing team.
Main Responsibilities for the Lead Pricing Analyst:
Management, development and coaching of Pricing Analysts and Senior Pricing Analysts.
Develop, validate, review and approve predictive and machine learning models.
Development and delivery of up to date and accurate datasets for modelling, pricing and monitoring.
Development and maintenance of pricing models and support for their deployment.
Carry out pricing analyses and prepare recommendations for senior stakeholders.
Carry out deployment/send instructions for rate releases and review of rates into rate engine/live environment.
Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
Maintenance of records to coordinate pricing decisions and implementation across teams, decision making bodies and implementation pathways.
Execution, development and project management across all stages of the price control cycle as required.
Manage the use of our price positioning and competitor analysis in order to decide/recommend, as appropriate, changes to optimise Ageas’ competitive positioning and contribution per policy.
Inform and influence senior management and heads of department.
Deputise for the Senior Pricing Manager or Manager where required, including meetings with senior management.
The successful Lead Pricing Analyst will have the following:
Educated to degree level or equivalent in a numerical discipline.
Experience in insurance pricing or related analytical background
Highly skilled in the use of programming language (e.g. SAS) to manipulate data.
Experience in SOME of the following predictive modelling techniques e.g. Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines and Neural Nets
Experienced in the use of a programming language (e.g. R, Matlab, Python)
Experience of Emblem and Radar
Experience of using analytics to solve complex business problems.
Effective coaching of junior staff and development of pricing skills.
Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors.
Ability to convey advanced statistical concepts to a non statistical audience.
Self motivated, with the drive, energy and ability to work on own initiative.
Very strong planning, prioritisation and organisational skills.
In return for your hard work and commitment, our client offers fantastic benefits, including:
Flexible Working – our client gives employees flexibility around location (as long as it’s within the UK) and, for many of our roles, flexibility within the working day to manage other commitments, such as school drop offs etc.
Minimum of 31 days holiday (inc. bank holidays) and you can buy and sell days.
Dental Insurance Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities – Yoga, Mindfulness.
Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.
Partner Life Assurance and Critical Illness cover
Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover
Deals on various gadgets including Wearables, Tablets and Laptops.
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