Actuarial Pricing Analyst

Role overview

Responsibilities

• Analyze historical portfolio performance, identify trends and drivers, recommend pricing actions, and model their likely impact.
• Support development and pricing of new products and benefit features.
• Investigate conversion, retention, competitor pricing, complaints and decision-making, expenses, and long-term profitability by customer segment.
• Extract, refine, and enrich data; build models using advanced analytical techniques; interpret results and make recommendations.
• Document work in line with Technical Actuarial Standards and contribute to reports and presentations for senior stakeholders.
• Collaborate with teams across Sales, Finance, Customer Insights, Product and Proposition, Clinical Policy, Healthcare Analytics, and the Actuarial Technical Hub.
• Assess claims inflation and its impact on product performance and ensure pricing work is incorporated into reporting and planning.

Required skills and experience

• Experience in pricing in general insurance or health markets.
• Practical knowledge of some relevant models, including GLM or machine learning, econometrics such as price optimisation, or lifetime value modelling.
• Strong numerical and analytical skills demonstrated through previous experience.
• Strong communication skills, including explaining technical information to varied stakeholders.
• Advanced PC skills including Excel, Word, and PowerPoint.
• Experience with Snowflake and Power BI is essential.

Preferred experience and qualifications

• Experience with SAS, Emblem, and Radar is desirable.
• Python and/or R experience is an advantage.
• Good progression towards an IFoA qualification or equivalent is an advantage.

Pay

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

Employment and hours

• Permanent, full-time role with 37.5 hours per week.

Work arrangement and locations

• Hybrid working with up to 3 days per week from home.
• Role may be based in Staines, London, or Manchester.

Benefits

• Benefits include healthcare, pension, 25 days' annual leave pro rata, wellbeing services, a fixed-term benefits allowance, employee assistance, and online discounts.