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Pricing Analyst- Insurance

MERJE

Greater London

On-site

GBP 60,000 - 75,000

Full time

6 days ago

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Job summary

A leading company in the insurance sector is seeking a Technical Pricing Analyst to join their team. This role involves developing innovative pricing models and strategies to enhance quote conversion rates. Ideal candidates will have a strong background in general insurance and relevant analytical skills. The position offers competitive salary and professional growth opportunities.

Qualifications

Experience in General Insurance is essential.
Proficient in data analysis tools such as SAS, SQL, Python, R.
Understanding of statistical modelling techniques required.

Responsibilities

Develop and implement competitive pricing strategies.
Perform detailed analysis of sales data and customer demographics.
Prepare reports for senior management.

Skills

Data analysis

Statistical modelling

Analytical mindset

Attention to detail

Communication skills

Education

Degree in Mathematics, Statistics, Economics, Actuarial Science

Tools

SAS

SQL

Python

Pricing software

MERJE Greater London, England, United Kingdom

This range is provided by MERJE. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Direct message the job poster from MERJE

My Client is on the search for a Technical Pricing Analyst to develop models and drive innovation in their pricing practices.

Key Responsibilities:

Develop and implement competitive pricing strategies to maximise quote volume and conversion rates
Analyse net loss ratio and implement changes to achieve target position.
Perform detailed analysis of sales data and customer demographics to identify trends and opportunities for improvement
Use statistical and machine learning techniques to refine pricing models and ensure alignment with market conditions
Prepare regular reports and presentations for senior management, highlighting performance trends and recommending pricing adjustments to achieve goals
Work closely with the Commercial team to align pricing strategies with sales targets and any partner requirements
Liaise with the Product and Underwriting teams to ensure that pricing changes are consistent with product coverage and regulatory requirements
Support the retail team with pricing changes and model improvements

Key Requirements:

Experience within General Insurance is essential
Degree in Mathematics, Statistics, Economics, Actuarial Science, or a related quantitative field
Experience in building technical risk models
Proficient in data analysis tools such as SAS, SQL, Python, R etc…
Proficient in pricing software (e.g. Earnix, Akur8, Emblem, Radar etc…) and rating engines is a strong advantage
Understanding of statistical modelling techniques
Strong analytical mindset with the ability to interpret complex data and make data-driven decisions
Excellent attention to detail and the ability to identify trends and anomalies in large datasets
Strong written and verbal communication skills, with the ability to present complex information clearly to both technical and non-technical stakeholders
Proven ability to work collaboratively in cross-functional teams and build and sustain strong working relationships with a variety of stakeholders

Send your CV to nmohamed@merje.com

*Please note- Sponsorship not available*

Seniority level

Seniority level
Mid-Senior level

Employment type

Employment type
Full-time

Job function

Job function
Finance
Industries
Insurance, Insurance Agencies and Brokerages, and Financial Services

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