Senior Portfolio Analyst (Pricing) - #1677547

Overview:

Context:

This is a data focused role, and their data warehouse is accessed via SQL so a good understanding of that is crucial. They also take an open-source approach to end-to-end analysis and depending on the task, a strong working understanding of R and visualisation libraries such as Plotly, Shiny/FlexDashboard & Leaflet. Working experience of a visualisation tool such as Tableau or PowerBI will also stand you in good stead. In a day-to-day sense you will be monitoring the underwriting performance of their portfolio, identifying issues and then working to deploy changes to address them.

Key responsibilities:

Pricing, Underwriting & Portfolio Management

• Development of new and existing tools to ensure appropriate oversight and management of the portfolio & underwriting performance


• Pro-active model management and adequacy of portfolio pricing layers


• Identifying and proposing new opportunities to expand their pricing & underwriting footprint across the entirety of the home market


• A bonus would be experience of Geo-Spatial Pricing & Risk Management


• Ensure data used for pricing and monitoring is complete, accurate, adequate and timely

Pricing Development & Model Deployment

• Provide timely, data-driven pricing & underwriting reviews, to assess the adequacy of rating and underwriting rules for new & emerging trends


• Reviewing, overlaying & deploying new and existing models, leveraging a toolbox of manual & automated pricing & underwriting solutions


• Enhancing the capabilities & structure of the algorithm which sets the final net price


• Sourcing, testing & deployment new features, through a mixture of data enrichment and feature engineering


• Supporting the development of new products & propositions, by ensuring that these have been appropriately priced, from various data sources

Methodology Development and Innovation

• Introduce innovative approaches to pricing & portfolio management, leveraging automation and advanced analytics to enhance accuracy and efficiency


• Continuously refine methodologies, incorporating emerging best practices and regulatory changes

Knowledge, Skills & Experience

➢ Strong technical expertise in pricing & portfolio management methodologies, particularly within general insurance

➢ You understand the key methods for tracking risk portfolio performance – AP/TP ratio, RMI, AvEs & Various forms of development triangles

➢ You have experience building, overlaying and deployment of technical pricing models – using both GLM and GBMs

➢ Ability to work independently in a start-up-like environment, with a proactive and entrepreneurial mindset

➢ Exceptional communication and presentation skills, with the ability to influence and challenge constructively

➢ Support the team to forecasting loss ratio performance

➢ No management experience is required, but there are opportunities to mentor pricing analysts within the team

Qualifications and Experience

➢ Hands on experience handling and interpreting data relating to Pricing & Portfolio Management

➢ A minimum of 3 years personal lines insurance pricing/actuarial experience

➢ You have strong understanding of Home Insurance market. Not only just in pricing but also supported by a good understanding of Home Insurance products and emerging risks/opportunities of them

➢ Comfortable working with technology and code – while SQL and R are critical, to do the job well you may need to pick up a basic understanding of Java, as their rating systems are all built in house

➢ A good communicator – changes to pricing have significant impact so they want someone who is comfortable explaining them to various stakeholders