Pricing Analyst

POSITION

Principal Analyst (Personal or Commercial lines)

South Birmingham / Hybrid

• Act as a technical role-model for the wider analyst team helping to coach, lead and train junior analysts
• Design, build and implement pricing models and develop rating logic to meet defined requirements in line with policies, procedures and standards
• Utilise specialist statistical pricing techniques, software skills and industry experience to improve the technical capability of the team and make recommendations to ensure the effective development and delivery of price

• Lead on and be the technical expert and referral point for a range of complex pricing analyses e.g., data engineering, predictive analytics, model build and design
• Design, create, review and continuously improve models / rating algorithms / performance reports and effectively communicate results & insights to inform business decisions in line with regulatory and reporting requirements
• Take responsibility (and be the technical expertise escalation) for reviewing the quality control processes, pricing models and data to ensure they continually deliver the outputs required
• Utilise technical expertise to coach, mentor and train team members, to improve technical capability and improve the ability of team members to self-manage own work
• Build and maintain relationships across Underwriting, Pricing the wider Group and Programmes to influence where needed and ensure effective creation of solutions, development and delivery of price
• Effectively communicate the outcomes of analyses, taking ownership of follow-up action to ensure an effective service to the team and business stakeholder
• Identify and support the development and implementation of improvements and changes to processes, procedures and practices to ensure efficiency and customer service improvements and benefits are fully realised

• Business Focus:
  Maintains and promotes the Guiding Principles of the organisation, demonstrates effective technical and business skills and a broad market understanding. Shares knowledge and expertise with others to enhance team and organisational success
• Delivers Results:
  Creates a team environment, provides innovative ideas and challenges self and others to achieve higher levels of quality and output to achieve great results for their business
• Executes Successfully:
  Shows initiative and instigates changes that deliver improvements for the area, promotes and responds positively to change and adjusts own approach to ensure success of changes and new ideas
• Customer Focus:
  Puts customers first, fully considering their requirements to deliver high quality service to meet their needs at all times. Develops long lasting relationships with customers based on open communication, trust and mutual respect
• Personal Effectiveness:
  Plans multiple activities and projects effectively, welcomes challenging goals and takes ownership of personal development to enhance performance and deliver successful results for the business

• Hold one of the following; degree (must be numerical), ACII, Accountancy qualification (ACA/ACCA), MBA or FIA

The following experience is desirable:

• Significant experience of working in a pricing team in a technical capacity
• Conducting advanced pricing analyses e.g. demand or loss cost models, RADAR algorithm constructions, customer impact analysis
• Experience of making technical recommendations
• Advanced software expertise – EMBLEM, Radar, R
• Advanced progress towards, or completion of a professional qualification