JOB DESCRIPTION
POSITION: Senior Pricing Analyst
ASSIGNMENT NO: 29570
LOCATION: London/ Hybrid
A bit about the role
They're looking for a Senior Pricing Analyst to join their Pricing Team. This is an exciting opportunity and you will play a crucial role in developing and optimising pricing strategies that enhance their competitive edge, whilst ensuring profitability. You will analyse market trends, customer data and competitor pricing to inform decision-making and contribute to their overall business strategy.
As Senior Pricing Analyst, your responsibilities will be…
* Pricing Strategy Development: Assist in the creation and implementation of pricing models and strategies for personal lines insurance products
* Data Analysis: Analyse large datasets to identify trends, customer behaviour, and pricing opportunities using GLM (Generalized Linear Models)
* Software Utilization: Utilize tools such as Emblem and Radar (Live) to develop, test, and refine pricing algorithms and models
* Market Research: Conduct competitive analysis to understand market positioning and identify areas for improvement
* Reporting: Prepare and present regular reports on pricing performance, market trends, and recommendations to senior management
* Collaboration: Work closely with underwriting, marketing, and product teams to ensure pricing strategies align with business objectives
* Forecasting: Support the forecasting process by analysing historical data and projecting future pricing trends
* Regulatory Compliance: Ensure pricing strategies comply with relevant regulations and industry standards
This role is perfect for someone who is...
* An excellent communicator, with the ability to present complex data in a clear and concise manner
* Detail-oriented and able to manage multiple tasks and deadlines effectively
You’ll bring...
* A Bachelor’s degree in Finance, Economics, Mathematics, or a related field
* Strong analytical skills and experience in data analysis tools (e.g., Excel, SQL, R/Python desirable)
Bonus points if you also have...
* Experience in a pricing, analytics or financial role, preferably in the insurance
* Proficiency in using GLM techniques and experience with pricing software, particularly Emblem and Radar Live
* Knowledge of pricing strategies and market dynamics in the personal lines insurance sector