Pricing Analyst
Overview:
Pricing Analyst
Grade: 4Reporting to: Pricing Lead
Location: London
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough.That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
Do you have experience of providing actuarial support in a commercial setting? Our Pricing Analysts provide support to the divisional actuaries across all IQUW lines of business. This position was created to support our continued expansion to underwrite Specialty, Commercial and Reinsurance lines.
Working as part of the Pricing Team for IQUW our pricing analysts work very closely with Underwriters to define key policy parameters and pricing model requirements, and aid in designing and implementing pricing processes for the syndicate. They also work with vast quantities of data where data integrity is of the upmost importance.
Key responsibilities
Supported by the Pricing Lead you’ll be- Working closely with Underwriters and Exposure Modelling team to facilitate the sharing of best practice
- Researching and developing techniques and approaches to deliver improvements in efficiency, data quality and modelling capabilities through model design and the use of technology
- Maintaining data sources consumed by the business, ensuring integrity, that data is being used correctly and validating derived insights
- Setting up, maintaining, and enhancing pricing templates for use by the underwriting community
- Designing, building, and manging the distribution of MI across all classes
- Supporting the implementation of pricing software
- Acting as an expert adviser to underwriters using pricing platforms, adding bespoke features as required
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience- Actuarial experience gained from any background, or industry i.e., Pensions, Life, Reserving, Capital, or Pricing
- Worked with large datasets previously, and are confident in utilising Excel to provide solutions to the business (experience of using Macros, though beneficial is not required for this position)
- Great data analytics skills and experience, able to work with vast datasets and identify data integrity concerns
- Excellent communication skills, able to build partnerships quickly with the underwriting community and wider actuarial colleagues
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support