Actuarial Pricing Analyst Job London England UK,Insurance

Actuarial Pricing Analyst Hybrid working with up to 3 days per week working from home Staines (TW18 3DZ
), London (EC2R 7HJ
) or Manchester (M50 3SP
)Permanent Salary £45,000 - £56,100 per annum dependent upon experience

Fantastic benefits including healthcare & generous pension

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 will provide critical technical actuarial support for the development of pricing recommendations to be taken to the internal pricing governance committees.

How you'll help us make health happen

This role is in Bupa's UK Insurance business where you'll be part of the actuarial team responsible for the pricing and analytics for one or more of our insurance products.

We're responsible for developing and delivering the pricing strategy in support of Bupa's strategic goals. This involves analysis of the historical performance of the existing portfolio, identifying the drivers of trends and outcomes, putting forward recommended pricing actions and modelling the likely future impact of these actions.

In all this work there will be a clear focus on treating customers fairly and ensuring good outcomes for them.

You will support the development of new products and benefit features and support the pricing of any relevant new product or benefit changes. You'll also be carrying out analysis and investigations of an actuarial nature, covering topics such as new business conversion rates, retention, competitor pricing, customer complaints and decision-making, expense allocation and long-term profitability by customer segment.

A typical day will involve extracting, refining and enriching data, building and running models using advanced analytical techniques, interpreting results and providing insight and recommendations. Work will be documented in line with the Technical Actuarial Standards and you'll contribute to the drafting of reports and presentations for consumption by senior stakeholders.

You will work closely with colleagues in other teams such as Sales, Finance, Customer Insights, Product & Proposition, Clinical Policy and Healthcare Analytics on a range of projects and initiatives. You'll also work with our colleagues in the Actuarial Technical Hub to understand claims inflation and its impact on product performance and to ensure that the impact of our pricing work is taken into account in reporting and planning.

Key Skills / Qualifications needed for this role:

The role holder is expected to have the following experience and qualifications:

Experience in pricing in general insurance or health markets.
Practical knowledge of some of the following types of models:
Generalised Linear Modelling or machine learning; econometrics such as price optimisation; lifetime value value modelling.
Strong numerical and analytical skills demonstrated through previous experience.
Strong communication skills, including the ability to present technical information and ensure it is understood by various stakeholders.
Advanced PC skills including Excel, Word, and PowerPoint.
Experience with Snowflake and PowerBI essential.
Experience with SAS, Emblem and Radar desirable.
Experience with Python and/or R would be an advantage.
Good progression towards the IFoA qualification (or equivalent) would be an advantage.

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…