Pricing Analyst

Allianz; Guildford; On-site; GBP 32,000 - 43,000; Full time

Benefits offered by this job

Hybrid working

Annual performance related bonus

Pension scheme

Development days

Discount on insurance products

Flexible benefits

Job summary

Allianz is seeking a Pricing Analyst to join the Animal Health Technical Pricing Team in Guildford. You will build technical pricing models using Emblem and Radar, develop forecasting, and analyse customer behavior to support pricing strategies for PetPlan and LV pet products.

Hybrid working with one day in the Guildford office is expected. A degree in a quantitative field is required with strong analytical and coding skills.

Qualifications

• Bachelor's degree in a quantitative field is required.
• Strong analytical skills with ability to build pricing models.
• Experience with SAS, Python, SQL and Excel is essential.
• Familiarity with Emblem and Radar is a plus.
• Ability to communicate findings to both technical and non-technical audiences.

Responsibilities

• Build sophisticated technical pricing models using Emblem and Radar and machine learning.
• Develop demand forecasting and analyse retention and cancellation patterns.
• Contribute to pricing strategy for new products and tariff design.
• Monitor risk of existing products and share analyses with teams.
• Participate in machine learning initiatives from data prep to model deployment.

Skills

Pricing models

Machine learning

Data analysis

Python

SQL

SAS

Excel

Communication

Insurance knowledge

Education

Bachelor's degree in a quantitative field

Tools

Emblem

Radar

Willis Towers Watson tools

Job description

An exciting opportunity has arisen for a Pricing Analyst to join our growing Animal Health Technical Pricing Team. The team is responsible for building technical Pricing models and monitoring the risk to support the market leading brand PetPlan as well as our growing LV pet proposition. Our team is at the heart of achieving the company's strategy and it is an exciting time for you to join and shape the future of our business. This is a great role for someone looking to develop their data and analytics skills to drive and improve business outcomes. A great advantage of being a member of the Animal Health Pricing team is the extensive training provided. The UK team has collaborated with the worldwide Allianz Group, to deliver an accreditation scheme designed to train you in all aspects of pricing. From data science modelling in cutting edge software to automating optimisation calculation routines honed across global markets. Pricing will play a key role in delivering this ambition. We are looking for individuals who have an eye for detail, love working with technology and have a passion for analysing data. You'll be at the sharp end of our business, delivering analytical models that are used to drive commercial decisions, solve challenging problems, and deliver enhancements to our products and pricing techniques. Location This role is based in our Guildford office. This is a hybrid role with expectation of you attending the office one day per week Salary Information This role offers a circa range of £37,000 per year. Salary is only one part of our total reward package. About You

• Build sophisticated technical Pricing Models using Willis Tower Watson tools (Emblem and Radar) and Machine Learning.
• Develop demand forecasting models and contribute to the analysis of customer retention and cancellation patterns
• Be part of strategic projects to create tariff of new products.
• Monitor carefully the risk of our existing products and share any statistical analysis with other teams.
• Be part of many projects involving Machine Learning: Data preparation, Classification and Regression Models, Automation, Risk monitoring
• Consider any market disruptions (Covid, Economic crisis) that impact our models
• Support initiatives to maintain our "Excellent" Technical Price Certification.
• Share and promote knowledge, skills and best working practices within the team.
• Be fully supported in your development and wider career ambitions
• Be part of a motivated an exciting team where the word boring does not exist!
  Qualified to degree level and have a high degree of numerical ability: E.g. Mathematics, Actuarial, Economics, Statistics
• Well-developed problem-solving skills, logically working through scenarios and thinking multiple steps ahead to understand potential impacts
• Experience of using machine learning
• Excellent analytical and data interpretation skills when working with large volumes of complex data
• Experience of using data analytics tools such as SAS, Python, SQL, Excel, VBA or other coding environments.
• Ability to communicate findings to technical and non-technical audiences
• Business acumen as well as a basic understanding of the insurance sector

We support the government scheme "Access to Work" please feel free to ask us about the access to work scheme.

Desirable Skills

• You embrace innovation and like challenge
• You take ownership of your projects
• Responsible Artificial Intelligence usage is desirable but not essential
• Experience of using WTW tools (Emblem / Radar)
  Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that's perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That's on top of enjoying all the benefits you'd expect from the world's number one insurance brand, including:
• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it's right for our customers, our business and for you, then we'll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Inclusive Support & Accessibility

At Allianz, we are committed to fostering building an inclusive, accessible workplace where everyone can thrive. As a Disability Confident employer, we welcome applications from disabled and neurodivergent candidates and offer tailored adjustments throughout the recruitment process and in the workplace, whether that's assistive technology, ergonomic equipment, flexible working arrangements, mentoring or coaching. We want to encourage candidates to speak with us about any adjustments they may need. We're here to support you. If you have a disability or long-term health condition and meet the essential criteria, you can choose to be considered through our Offer an Interview Scheme. Contact our Resourcing team to opt into this scheme or for any assistance with during the recruitment process including larger text, hard copies, or spoken applications.