Senior Optimisation and Pricing Analyst
Posted 19/08/2024 by Aioi Nissay Dowa Europe
Senior Optimisation and Pricing Analyst- Excellent benefits package, training, up to 28 days holiday plus bank holidays, bonus scheme 10% of basic salary based on business and personal performance), healthcare, pension, life assurance, and many other lifestyle discounts.
Working hours: 37.5 hours per week Monday to Friday.
We are looking for a highly skilled Pricing Professional to join our team. The primary responsibility will be to develop and maintain the optimisation strategy for our UK motor book, contributing to the company achieving its sales and loss ratio targets. You will support the Head of Pricing in delivering the agreed pricing strategy while seeking opportunities and working with the business to help achieve strategic objectives through analytical excellence. Developing new ideas to analyse data and be proactive with risk management.
AND-E is one of the fastest-growing insurance companies, a 5* employer and we are all about our people and making tomorrow’s journey simpler, safer and smarter!
If you have what it takes to take our business to the next level, apply now!
Why Join Us?
We realise that we need to be a good fit for you above all else – so here’s what you can enjoy about AND-E, and we’ll tell you about the role later!
- Recognised as the Best Large Insurance Employer: We are proud to have been named the Best Large Insurance Employer for 2023 at the prestigious British Insurance Awards.
- Unmatched Work-Life Balance.
- Competitive Salaries and Benefits Package: We offer competitive salaries that recognise your skills and expertise. In addition, our comprehensive benefits package includes (but is definitely not limited to!):
- Healthcare Cash Plan & Private Health Insurance options.
- Car Insurance and Phone Contract Discounts.
- Bonus Scheme.
- Buy/Sell 5 days Holiday.
- Enhanced Maternity/Paternity Pay.
- £250 towards driving lessons for yourself, your spouse, and dependents.
- Virtual 24/7 GP Service.
- Wagestream for Financial Flexibility.
- Internal Growth and Advancement Opportunities: We prioritise internal promotions and offer growth opportunities to our employees. You'll have access to a variety of career development programs and training initiatives to enhance your skills and advance your career
Responsibilities:
Effective monitoring of the following KPI’s to help aid the Business into making informed decisions:
- Develop and maintain optimisation procedures.
- Analyse data and identify trends to inform pricing decisions.
- Monitor and evaluate the effectiveness of pricing models
- Collaborate with underwriters and other stakeholders to ensure pricing aligns with risk appetite and profitability goals
- Provide technical pricing expertise to support business decisions
- Conduct competitor analysis and benchmarking to inform pricing strategy.
- Ensure compliance with regulatory requirements related to pricing
Work directly with the Head of Pricing and other key stakeholders. These include carrying out pricing analysis, making recommendations to UPCs, monitoring and updating UPCs with portfolio performances, and assisting with the governance of the Rating Structure.
Keep up-to-date with current industry thinking, making recommendations on emerging technologies and new approaches to pricing and capturing and measuring the voice of the customer and improving customer experience and lifetime value.
Represent the interests of Pricing in relevant business forums and projects, ensuring pricing needs are recognised and met.
Assist with the development of Pricing team members.
Knowledge, Experience and Qualifications:
Essential
- Educated to degree level, preferably in scientific or numerical subject.
- Mathematics or other numerical A-level or equivalent, B grade or above
- Minimum of 5 years’ experience in pricing personal lines motor insurance.
- Highly numerate individual
- Logical thinker able to structure problems in the context of the business and translate these into actions to improve results.
- Ability to review the work of others for quality, accuracy and reasonableness.
- Ability to select & use the most appropriate analysis techniques for the business problem in hand, delivering optimal, robust pricing decisions in a timely manner.
Desirable
Part or Fully Qualified Actuary
Do you think this role fits your experience? Does it sound like it would challenge you?
Join Aioi Nissay Dowa Europe and be part of a thriving and supportive team that values your contributions, fosters growth, and rewards your dedication.
Aioi Nissay Dowa Europe is committed to promoting equal opportunities in employment. Employees and job applicants will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (Protected Characteristics).
- Type:
- Permanent
- Start Date:
- ASAP
- Contract Length:
- N/A
- Contact Name:
- Login or register to view
- Job Reference:
- 2024-1259
- Job ID:
- 222045027
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