Senior Pricing Analyst

£45000 to £60000 per annum
09 Mar 2018
06 Apr 2018
Simona Zalyte
Contract Type
Full Time
City of London

Role Purpose:

As a Senior Pricing Analyst you will be responsible for leading the development of pricing models across different Insurance products whilst supporting the pricing development and pricing cycle process.
You will be expected to provide leadership and utilise appropriate pricing techniques based on the business requirements for the specific product.

Skills and Competencies: 

- Insurance knowledge
- Experience in using data manipulation & statistical software packages such as R, Python, SAS, EMBlem, RADAR, Excel/VBA, SQL Server.
- Advanced skill in several of the aforementioned packages and capable of reliably reviewing work of others in at least 1 all the above
- Highly organised with excellent planning and delivery capabilities
- Comfortable leading and owning processes involving stakeholders across the business
- Innovative & creative when reviewing and improving processes
- Commercially and Financially aware
- Effective communication skills including strong presentation skills

Product and Technical Knowledge:

- Proven skills in data analysis for the purposes of effective proposition pricing.
- Experience and knowledge of the deployment & testing of sophisticated pricing structures.
- Understanding and having the ability to apply optimisation and market pricing to retail products.
- Extensive experience in handling complex datasets and utilising them in structured analysis.
- Be commercially aware and help to enhance businesses profitability.
- Knowledge of the legal, regulatory and compliance provisions that apply to Lloyds and General Insurance market.
- Clear understanding of the principles relating to risk management.

Key Responsibilities:

- Work with Pricing Management to ensure that activity is aligned with the Pricing Strategy and wider business objectives.
- Execute pricing delivery plan on time and to a high standard.
- Work closely with other areas of the business to ensure the aims and impacts of any pricing change are conducive to the objectives of the product.
- Provide support to underwriting teams through the use of pricing analytics.
- Lead the end-to-end pricing review process and deliver recommendations to relevant stakeholders.
- Initiate the development of new data modelling methods.
- Use data analysis to monitor and investigate performance of insurance products.
- Support the development of MI & reporting processes within the Pricing team.
- Help develop a robust price change control process. Support the Deployment Team to design & implement effective testing of change to increase accuracy in deployment and understand risk.
- Improve and maintain data quality and value of analysis by supporting pricing databases
- Flag issues with data integrity and raise through the appropriate channels.
- Identify and manage the key risks which threaten the success and sustainability of the business.
- Comply with all legal and regulatory provisions and work within the Pricing governance framework



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