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
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