Pricing Specialist (Insurance)

National Association of Mutual Insurance Companies; East Grinstead; Hybrid; GBP 60,000 - 75,000; Full time

Job summary

A leading company in Insurance is seeking an experienced Pricing Consultant for a hybrid working role in East Grinstead. The position involves actuarial analysis, developing pricing models, and close collaboration with product and claims teams. This is a 6-month fixed-term contract with a competitive salary ranging from £60,000 to £75,000.

Qualifications

• Experience in a pricing/costing role within Insurance or Financial Services.
• Ability to make recommendations with limited data.
• Excellent IT skills, particularly in Excel.

Responsibilities

• Conduct actuarial loss ratio analysis and make pricing recommendations.
• Develop and implement rating tables and pricing models.
• Collaborate with product managers to understand product pricing impact.

Skills

Decision Making

Excel skills

Analytical skills

Job description

Morgan McKinley is looking for an experienced Pricing Consultant to work within the Financial Services and Insurance team of a company based in the East Grinstead, West Sussex area. This is a hybrid working Pricing Consultant fixed term contract position, for 6 months. The Pricing specialist will have experience of working within a commercial, pricing, product costing type role within the FS/Insurance sector.

Salary: £60-75K

Location: Hybrid working - East Grinstead

Duration: 6 month fixed term contract

Pricing Consultant duties:

• Actuarial loss ratio analysis on data to make recommendations
• Develop a spreadsheet model of prices / rates, implementing rating tables
• Carry out impact price analysis
• Ensure the risk and the impact on loss ratio is taken into account when setting new product prices
• Work closely with relevant team members and wider business areas, e.g. the product manager and the claims manager, to ensure the product is well understood.
• Present price / rating proposals and their impact to key stakeholders and update stakeholders regularly
• Work with other teams to implement, and be involved in, a test process of the new rates system

Essential Skills & Experience Required:

• Experience of working in a similar pricing / costing role, within Insurance or FS
• Ability to make decisions and recommendations where there may be scant data available.
• Excellent IT skills, use of Excel, such as; pivot tables and macros

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.