Senior Market Pricing Analyst

Posted 4 November by Synchronicity Ins Recruitment
Easy Apply

Working closely with the Underwriting, Commercial and Marketing areas defining the pricing and conversion models ensuring alignment to business strategy for profitability and growth.

Key Deliverables:

  • Working together with the technical pricing team to develop and maintain risk premium, theoretical and Market Price optimisation models.
  • Translation, alignment and adaptation of business processes into pricing models.
  • Deliver and improve optimum acquisition and retention rates through both Direct and Aggregator business.
  • Develop analytical projections based on pricing best practice to predict how insurer price changes will impact the business performance in future months.
  • Leading the delivery of pricing analyses and translation of these into practical solutions to enable the business to target valuable long term customers for both B2C/B2B2C/B2B schemes. Working closely with the Underwriting/Commercial/Financial & Operational areas to optimise the use of the extensive data to optimise value and insight.
  • Coordination with the Finance and business areas for analysis and allocation of expenses into pricing models.
  • Implement, maintain and control an effective underwriting referral pricing process.
  • Forecasting the effect of pricing on sales, elasticity, retention and profitability
  • Working with the Business Intelligence part of the team to ensure that sufficient BI is provided to support risk acceptance decision making.
  • Inputting to the product design and Marketing/Sales process to ensure risk acceptance is coordinated and controlled.
  • To undertake any other duty or responsibility that may reasonably be allocated by your Manager/ Management Team.
  • To ensure compliant with General Data Protection Regulations

Experience/Technical Knowledge:

  • Proven experience working in Insurance within a senior pricing position.
  • The successful candidate will have experience of Emblem, Earnix Integrated pricing and Customer Analytics Software and Google Analytics. Knowledge of R.
  • Excellent technical understanding of pricing, statistical, analytical methodologies strong negotiating and presentation skills. Ability to support insurer`s technical pricing teams.
  • Strong communication skills and able to lead projects.
  • Ability to manage and analyse data, automate business insight visibility and forecast performance

Other significant Role Requirements:

  • Strong analytical, numerical and problem solving skills.
  • Positive attitude that embraces change.
  • Good understanding of insurance legislative and competitive environment.
  • Strong interpersonal and communication skills including presentational (verbal and written).
  • Excellent attention to detail, planning and organisation skills in order to meet timescales.
  • Ability to interact with all levels of seniority, both internal & external.

Reference: 39282468

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