The overall purpose of the role is to undertake analyses and support projects that improve the understanding of claims and fees cost drivers across our client and inform appropriate changes to quoted prices and account profitability assessments.
The successful candidate will:
Create, validate and reconcile datasets for analysis and undertake analysis
Create and maintain rating models to predict claims cost
Contribute to the development of appropriate management information systems for pricing
Contribute to the specification, development and testing cycles for deployment of rates
Consider the impact on customers of pricing actions and act to avoid any unfair treatment for each of the following areas of activity:
· Multivariate claims cost modelling· Multivariate fees cost modelling· Production of risk indices
Provide technical underwriting and pricing guidance to assist the business in achieving its plans and support operational areas
Build relationships with Claims teams and other Pricing teams
Who are they ideally looking for?
To be successful in this role you will need:
· Excellent numerical mathematical skills· 2.1 degree or higher in a mathematics related discipline or evidence of equivalent proficiency· Familiarity with analytical software packages· Familiarity with personal lines products and financial processes· Critical analytical approach to problem solving· Ability to communicate complex analysis in clear and precise manner· Strong team working skills
· Experience with pricing, predictive modelling and Generalised Linear Models (GLM) would be preferable· Experience in the use of statistics tools like R, SAS, Emblem or similar· Expert user of Excel
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