Job Description:
Actuarial Pricing Analyst
Hybrid working with up to 3 days per week working from home
Angel Court London, Salford Quays Manchester, Staines or Brighton
Permanent
Salary £44,900 - £56,100
Full time 37.5 hours per week
We make health happen
Our Actuarial teams play a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area we believe in allowing our colleagues to work in a way that suits them. Giving them the time and freedom to keep our customers at the heart of every decision.
As our Actuarial Pricing Analyst, you’ll play a vital role in supporting the development of new products and benefit features and support the pricing of any relevant new product or benefit changes.
How you’ll help us make health happen
The Pricing Analyst is a key role supporting both Bupa's UK Insurance and Bupa Global business units. You will be part of the pricing projects team, responsible for providing pricing support to a wide variety of projects across the business.
This includes our flagship pricing project - that seeks to deliver a pricing revolution by developing cutting-edge predictive models and implementing a new Rating Engine to support our pricing ambitions. You will help develop innovative ways of pricing and provide analytical insight that will help Bupa achieve its goals.
The pricing team is responsible for developing and delivering the pricing strategy in support of Bupa's strategic goals. Tasks that you will be required to carry out include:
1. Working closely with colleagues in other teams such as Sales, Finance, Product & Proposition, IT, Clinical Policy and Healthcare Analytics on a range of projects and initiatives.
2. Extracting, refining, and enriching data
3. Developing predictive models
4. Researching new modelling techniques
5. Advanced analytics of customer behaviour, customer risk and model performance
6. Modelling and assessing the impact of new pricing strategies
7. Competitor pricing analysis
Key Skills / Qualifications needed for this role
The role holder is expected to have the following experience and qualification/s:
8. Previous pricing experience in Health or GI markets
9. Radar experience is ideal. SAS, Python and Emblem knowledge
10. Strong numerical and analytical skills demonstrated through previous experience.
11. Excellent communication skills, including the ability to present technical information and ensure it is understood by various stakeholders
12. Adaptability to handle a wide variety of different projects and prioritise and manage multiple tasks
13. A good understanding of Machine Learning techniques in the insurance market would also be beneficial.
Benefits
Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.
Joining Bupa in this role you will receive the following benefits and more:
• 25 days holiday per year, pro rata to your contract.
• Access to a range of services to support your physical and mental wellbeing
• Fixed term benefits allowance
• Access to our confidential employee assistance programme
• Workplace pension
• Online discounts covering your everyday shopping, entertainment, eating out and more.
Why Bupa?
We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.