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    Pricing Analyst - Lancing, United Kingdom - Arc IT Recruitment

    Arc IT Recruitment
    Arc IT Recruitment Lancing, United Kingdom

    2 weeks ago

    Default job background
    Full time
    Description
    Pricing Analyst
    Worthing
    £40 to 50k, DoE

    Pricing Analyst required to join our dynamic team in Worthing.

    As a Pricing Analyst, you will play a pivotal role in developing and implementing pricing strategies to ensure profitability and competitiveness in the insurance market.


    Specifics of the role:

    • Operate on both supply side (underwriting) and demand side (sales) pricing
    • Developing, maintaining, and enhancing pricing models for their insurance products, ensuring they are both competitive and profitable.
    • Analysing historical claims and other relevant data to identify trends and patterns, and applying this knowledge to optimize pricing strategies.
    • Refine and develop metrics for tracking performance across the company's portfolio
    • Collaborating with external underwriters, product development, and other cross-functional teams to design new and innovative insurance products.
    • Monitoring the performance of existing products and recommending adjustments to pricing and coverage as needed.
    • Staying current with industry trends, regulatory changes, and emerging methodologies to ensure best practices are consistently applied.
    • Preparing clear and concise reports for management and other stakeholders, outlining pricing recommendations and their potential impact on the business.
    • Supporting the development and implementation of advanced pricing tools and methodologies.
    • Mentoring and providing guidance to other team members.

    Ideally you will have experience in the following:

    • Qualified or nearly qualified actuary with relevant experience in the insurance industry.
    • Strong analytical and problem-solving skills, with proficiency in statistical modelling and data analysis tools (eg, SAS, R, Python).
    • Solid understanding of insurance principles and pricing techniques.
    • Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
    • Proven ability to manage multiple projects and priorities in a fast-paced environment.
    • Knowledge of regulatory requirements and industry standards related to insurance pricing.
    If this sounds of interest do send your CV across for consideration.

    Worthing, West Sussex. Hybrid working available, £40 to 50k, DoE

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