Senior Pricing Analyst
Wrisk
full-time
Posted on:
Location Type: Hybrid
Location: London • United Kingdom
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Job Level
About the role
- Develop and implement pricing models using machine learning algorithms and statistical analysis to evaluate risk and formulate pricing strategies for motor and P&C insurance products.
- Partner with the insurance team to integrate conventional actuarial methods and insights into pricing models.
- Perform extensive data analysis, involving the collection, cleaning, and processing of large datasets to pinpoint trends, anomalies, and optimisation opportunities.
- Collaborate closely with product development teams to comprehend product features and devise pricing structures that meet customer needs and business goals.
- Keep up-to-date with industry trends and developments in data science and machine learning, applying these insights to improve pricing precision and market competitiveness.
- Work in conjunction with underwriting and risk management teams to ensure pricing strategies are in line with overall risk preferences and regulatory requirements.
- Offer data-driven insights and recommendations to senior management for strategic decision-making.
- Assist in the development and launch of new products by providing expert analysis and pricing advice.
- Adhere to relevant regulations and maintain a thorough knowledge of the regulatory landscape impacting motor and P&C insurance products.
Requirements
- Bachelor's or Master's degree in Data Science, Statistics, Actuarial Science, Mathematics, or a related field.
- Demonstrated experience in a pricing analyst role, preferably within the insurance sector.
- High proficiency in machine learning techniques and tools (e.g., Python, R, SQL) including fluent use of at least one open-source programming language.
- Familiarity with actuarial principles, methods, and practices, particularly in relation to motor and P&C insurance.
- Exceptional analytical and problem-solving abilities, with meticulous attention to detail.
- Strong communication and presentation capabilities, able to communicate complex analytical ideas to a non-technical audience.
- Capacity to work both independently and as part of a team in a fast-paced, dynamic setting.
- A proactive stance towards learning and keeping abreast of the latest industry advancements.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
machine learning algorithmsstatistical analysisdata analysisdata cleaningdata processingPythonRSQLactuarial methodspricing strategies
Soft Skills
analytical abilitiesproblem-solvingattention to detailcommunication skillspresentation skillsteamworkindependenceproactive learningadaptabilitycollaboration
Certifications
Bachelor's degreeMaster's degree