Description
Pricing Analyst - Insurance Services
6 month contract
£350 to £700 per day
Our client is currently seeking to recruit a Pricing Analyst on a 6 month contract to work as a part of a team in the office based in Birmingham.
Key Responsibilities:
Review the performance of existing accounts and propose to the relevant distribution channels retail prices at which to sell general insurance products in order to maximise profitability and competitiveness, in accordance with our Insurance Risk Policy and reflecting the needs and expectations of customers aligned to the Customer Experience and TCF Policy. Present to the Insurance Pricing Forums as required.
Develop and maintain product pricing for prospective new products and new business tenders, working with the distribution channel and business partner/agent as needed.
Maintain systems to monitor the performance of accounts in terms of business flow, claims experience at a detailed level, and competitor prices. Pro-actively monitor account performance, bringing significant trends or features to the attention of the distribution channel Pricing Manager.
Maintain appropriate documentation supporting the account management/pricing procedures, analyses, decisions, processes and controls.
Skills, Knowledge and Experience Required:
Detailed understanding and current knowledge of personal lines general insurance products and pricing. Working knowledge of the regulatory environment.
Good knowledge of relevant software packages including Microsoft Office & SAS.
Understands the modelling techniques specifically relating to Pricing and Reserving and key performance indicators used in the assessment of account performance.
Interprets results that may indicate the need to review rates and terms.
Builds and interprets statistical risk models.
Able to explain complex numerical issues in an understandable manner.
Additional Information:
We value CII and RSS qualifications and would support the role holder to progress to ACII or CStat status.
If you match these requirements, please apply in the normal way. Elevate will send you an email, please open, click and action that email and your application will be visible to the hiring organisation directly.