Actuarial Pricing Analyst

Role overview

Location and working pattern

• Hybrid working is available, with up to three days per week working from home.
• The listed locations are Staines, London or Manchester.

Salary

• Salary is £45,000–£56,100 per annum, dependent on experience.

Responsibilities

• Analyze historical portfolio performance, identify trends and recommend pricing actions; model the likely impact of those actions.
• Support pricing strategy, new product and benefit development, and analysis of changes, while focusing on fair customer outcomes.
• Investigate conversion, retention, competitor pricing, complaints and decision-making, expense allocation, and long-term segment profitability.
• Extract, refine and enrich data; build and run models, interpret results, and develop insights and recommendations.
• Document work to Technical Actuarial Standards and contribute to reports and presentations for senior stakeholders.
• Collaborate across commercial, finance, customer, product, clinical and healthcare analytics teams; assess claims inflation and its impact on performance and planning.

Skills and qualifications

• Experience in pricing in general insurance or health markets.
• Practical knowledge of some relevant modelling approaches, including GLM or machine learning, econometrics such as price optimisation, or lifetime value modelling.
• Strong numerical, analytical and communication skills, including the ability to present technical information to varied stakeholders.
• Advanced Excel, Word and PowerPoint skills; Snowflake and Power BI experience are required.
• SAS, Emblem or Radar experience is desirable; Python and/or R experience is an advantage.
• Progress towards the IFoA qualification or equivalent is an advantage.

Benefits

• Benefits include healthcare, a generous pension, holiday allowance, wellbeing support, an employee assistance programme and online discounts.

About Bupa