Actuarial Pricing Analyst

Serving our customers, communities, and planet a little better every day.

Salary - Salary is from £33,040 + annual bonus & benefits

Work Level - 1

Location – Reigate, Permanent

Office Attendance – Our hybrid working model gives you the best of both worlds - flexibility to work from home and valuable face-to-face time with colleagues. This role typically requires 2 days per week onsite.

Closing Date - Applications close on 9th November at 5pm

We’re recruiting for an Actuarial Pricing Analyst (internally known as Pricing Analyst - Protect (South)) to join our Insurance and Money Services team.

In this highly technical and specialised role you’ll support the insurance business by analysing pricing trends, building predictive models, monitoring the performance of the business, and identifying areas of opportunity for growth and profitability.

• Building pricing models and utilising Data Science tools to provide insight into insurance risk.
• Delivering high quality data analytical activities to support pricing changes and business opportunities.
• Proactively researching and implementing the use of new statistical analyses, machine learning and automation to improve processes.
• Communicating the results of the modelling and analytical work effectively in non-technical language to peers and stakeholders.
• Monitoring the business performance across our products and highlighting pricing opportunities across different segmentations.
• Keeping knowledge and skills up to date and driving your own personal development.

• A strong record of education attainment with a degree in numerical subject - ideally a 2.1 classification.
• Highly computer literate; able to use Excel and other common data analysis and data processing/modelling software.
• Strong appetite and ability to research new modelling techniques a background in using a range of tools including R and Python is beneficial for this role, although not required.
• Good organisational skills; able to deliver tasks within agreed timescales. Ability to work as part of a team; fostering positive relationships and providing mutual support and guidance.
• Highly customer centric; focused on the delivery of high levels of customer service.
• Some knowledge or interest of the UK personal lines insurance market.

• Proven ability to solve business problems and overcoming obstacles to find effective business solutions.
• Ability to explain complex analysis clearly, avoiding the use of jargon and acronyms and able to communicate the material financial implications of modelling and analysis decisions.
• Appropriately balance statistical accuracy with financial materiality.
• Able to apply judgement where data may be sparse or insufficient in quality or where considerable uncertainty surrounds the range of potential outcomes.
• Self-motivated, able to work with minimum supervision.

We welcome applications from everyone. If you’re excited about this role but your experience doesn’t align perfectly with every requirement, we’d still love to hear from you.

• A generous pension, with up to 7.5% employer contribution, depending on what you put in.
• Virtual GP Service for you and your family
• Performance related annual bonus.
• 7.2 weeks holiday, with the opportunity to buy more.
• Colleague Clubcard discount (10-15% + second card to share with someone else).
• Enhanced parental leave.
• Opportunities to Save and Buy as you earn.
• A place to get on - take advantage of our ongoing learning opportunities to help you achieve the job and career you want.

As a Disability Confident Employer (Level
2), we’re committed to creating an accessible and supportive environment for all. We offer…