Pricing Specialist (Insurance)

Morgan McKinley; East Grinstead; On-site; GBP 60,000 - 75,000; Full time

Job summary

An innovative firm seeks a skilled Pricing Consultant to join their Financial Services and Insurance team in East Grinstead. This hybrid role involves a 6-month fixed-term contract where you will leverage your expertise in pricing analysis and actuarial skills to make impactful recommendations. You will develop pricing models, conduct detailed loss ratio analyses, and collaborate with various teams to ensure product pricing aligns with business objectives. If you're passionate about pricing strategies and thrive in a dynamic environment, this opportunity is perfect for you.

Qualifications

• Experience in pricing/costing roles within Insurance or Financial Services.
• Proficient in Excel with skills in pivot tables and macros.

Responsibilities

• Conduct actuarial loss ratio analysis and provide pricing recommendations.
• Develop pricing models and carry out impact price analysis.

Skills

Pricing Analysis

Actuarial Skills

Excel (Pivot Tables, Macros)

Decision Making

Tools

Excel

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.