Hybrid Pricing Consultant – Risk Pricing

Posted last week

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About the role

  • Pricing Consultant in Motor Retail contributing to risk pricing adaptations and data analysis for accurate pricing decisions. Collaborating across functions to shape customer-centric products and services.

Responsibilities

  • Implementation of new features and factors including external data enrichment and enhancements to existing factors.
  • Alignment of loss ratio and expense assumption views between business areas.
  • Understanding the drivers of gaps in Actual vs Expected risk costs and taking action.
  • Continually seeking and identifying new and potentially better approaches and testing their effectiveness, in line with corporate brand strategy.
  • Investigating accuracy and confidence level of results provided.
  • Working with Trading team to deliver the price changes to market.
  • All the while, ensuring that appropriate governance processes are followed to ensure we have relevant sign-offs and regulatory compliance checks have been completed.

Requirements

  • Experience in Risk pricing, in particular segmental change analysis, proposal, implementation and performance tracking, and Data Science.
  • Strong understanding of the components of a pricing algorithms and application of underwriting rules.
  • Understanding of key legislation and regulation applying to motor insurance and how this impacts pricing algorithms, models, customer premiums and experience.
  • Strong numerical and analytical skills with a keen eye for problem solving.
  • Ability to communicate complex information in a simple way.
  • Experience of Radar, or alternative pricing software.
  • Extensive experience of multivariate modelling, for example in Emblem.
  • Extensive experience of data manipulation using languages, such as SQL or Python.
  • Experience of statistical and mathematical techniques and proven experience in applying these effectively in General Insurance Pricing.

Benefits

  • 9% employer contributed pension
  • Annual company bonus of up to 10%
  • 50% off home, motor and pet insurance, plus free Green Flag breakdown cover
  • Generous holiday allowance
  • Flexible benefits package including optional health and dental insurance
  • EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way
  • Buy as you earn share scheme
  • Employee discounts and cashback
  • Plus, many more

Job title

Pricing Consultant – Risk Pricing

Job type

Experience level

Mid levelSenior

Salary

Not specified

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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