Pricing Analyst (2419-PAN)

Our client in the financial sector is currently seeking to recruit a Pricing Analyst who will build and maintain pricing models for General insurance products and will provide insight derived from Data received from technical underwriting, Marketing and the Actuarial functions.

Responsibilities:

• Apply pricing components and rating methodology to price existing and new products based on thorough statistical analysis.
• Analyze market changes and emerging trends affecting pricing and profitability of the products and make recommendations on rates to management with supporting documentation to ensure strong profitable revenue growth.
• Provide support in the development of new products and services to achieve successful implementation of approved strategic initiatives.
• Provide actuarial and statistical analysis related to rate adequacy, including loss and premium trends, production of rate indicators and development of rating structures.
• Collaborate with internal stakeholders such as Treaty, Digital Distribution, Marketing and Claims to support their needs for pricing, data processing, analysis and mining of data and reporting.
• Provide on-going review and improvements of pricing and processes for greater automation, accuracy and rate adequacy.
• Drive and deliver the existing projects and contribute in various pricing projects. Projects are varied and include development and implementation of rating structures and pricing models.
• Measure, Track and Monitor Products performance.

Profile:

• University Degree in Actuarial Science, Mathematics, Applied Mathematics, Statistics, Economics, Computer Science, Analytics, or related fields.
• At least 4 years of relevant experience in a similar role with the ability to apply actuarial methods to develop insurance rating and pricing structures, compile, analyze, present and translate findings from analytics to concrete suggestion for business opportunities and to facilitate decision making.
• Advanced programming knowledge and data processing abilities, deep knowledge of databases, analytics tools.
• Strong analytical and Problem-solving skills and looking for efficient, automated solutions.
• Organizational and time management skills to prioritize workloads and multiple projects and meet time sensitive deadlines with high degree of accuracy.
• Ability and desire to learn and adapt quickly to a changing and fast-paced environment.
• Strong interpersonal and communication skills in effectively working within a team and collaborating with several business partners.
• Strong written and oral communication skills.
• Insurance analytics experience including a strong understanding of earned premium, incurred claims, loss development and deriving loss costs is an asset.
• Strong team player, able to contribute in a collaborative environment.