Overview
We are a specialty (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Specialty (re)insurance products.
Pricing Analyst Job Description
Grade: 4 Reporting to Pricing Manager Location: London
About Us
We combine data, intelligent automation and human expertise to make smart decisions, fast. Our business recognises that for some, insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood.
The Role
This role sits within the ERS Motor Pricing function supporting the Commercial Lines area of the team. Commercial Lines Pricing provides pricing support to the Commercial, Agriculture and Fleet Classes of Business.
* You will have accountability for materially contributing to the execution of the business and pricing strategy in such a way as to support our financial objectives.
* The successful candidate will be able to introduce and maintain knowledge of advanced modelling and data science methodologies/techniques as required by the individual demands of a project.
Key Responsibilities
* Contribute to management of the financial performance of a diverse range of product propositions in a complex and competitive market.
* Utilise Actuarial and Data Science techniques to build and enhance pricing or sub-pricing models.
* Work closely with other areas of the business to ensure the aims and impacts of any pricing change are conducive to the objectives of the product.
* Use analysis of data to monitor & investigate performance of products.
* Ensure that the execution of the pricing delivery plan is on time by working to agreed timescales and to a high standard.
* Work with Pricing Management to ensure that activity is aligned with Pricing Strategy and wider business objectives.
* Support the development of MI & reporting processes within the Pricing team.
* Help develop a robust price change control process.
Desirable Attributes
* Ability to analyse data for effective proposition Pricing.
* Experience in handling complex datasets and utilising them in structured analysis.
* Being commercially aware and using this acumen in a way which helps enhance the businesses profitability.
Personal Desirables
* Highly articulate and numerate, paying attention to detail and accuracy.
* Being commercially aware and using this acumen in a way which helps enhance the businesses profitability.
* Experience in using data manipulation & statistical software packages such as R, Python, SAS, Excel/VBA, SQL Server.
* Logical thinker able to devise and assess multiple approaches to solving problems.