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- Tasks: Analyse data to monitor and improve underwriting performance in a dynamic environment.
- Company: Join a forward-thinking company focused on innovative pricing and portfolio management solutions.
- Benefits: Enjoy flexible working options, professional development opportunities, and a collaborative culture.
- Why this job: Be part of a team that values creativity and innovation in the insurance industry.
- Qualifications: 3+ years in personal lines insurance pricing; strong SQL and R skills required.
- Other info: Opportunity to mentor junior analysts and work in a start-up-like atmosphere.
The predicted salary is between 48000 - 72000 £ per year.
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
Senior Portfolio Analyst (Pricing) employer: The Emerald Group Ltd, Search and Selection
Contact Detail:
The Emerald Group Ltd, Search and Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Portfolio Analyst (Pricing)
✨Tip Number 1
Brush up on your SQL skills! Since this role heavily relies on data analysis through SQL, being able to write and optimise queries will set you apart. Consider working on sample datasets to demonstrate your proficiency.
✨Tip Number 2
Familiarise yourself with R and its visualisation libraries like Plotly and Shiny. You could create a small project that showcases your ability to analyse data and present it visually, which can be a great talking point during interviews.
✨Tip Number 3
Gain hands-on experience with Tableau or PowerBI. If you don’t have access to real-world data, try using publicly available datasets to create dashboards that highlight your analytical skills and understanding of portfolio management.
✨Tip Number 4
Stay updated on the latest trends in home insurance pricing and risk management. Being knowledgeable about emerging risks and opportunities will not only help you in the role but also impress the hiring team with your proactive approach.
We think you need these skills to ace Senior Portfolio Analyst (Pricing)
Some tips for your application 🫡
Highlight Relevant Skills: Make sure to emphasise your technical expertise in SQL, R, and any visualisation tools like Tableau or PowerBI. Mention specific projects where you've successfully used these skills, especially in pricing and portfolio management.
Showcase Your Experience: Detail your experience in personal lines insurance pricing and actuarial work. Include examples of how you've handled data related to pricing and portfolio management, and any innovative approaches you've introduced.
Tailor Your CV and Cover Letter: Customise your CV and cover letter to reflect the key responsibilities and qualifications mentioned in the job description. Use keywords from the job listing to demonstrate that you are a perfect fit for the role.
Prepare for Technical Questions: Be ready to discuss your understanding of pricing methodologies and risk portfolio performance metrics. Prepare examples of how you've built and deployed pricing models, and be prepared to explain your thought process clearly.
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Brush Up on SQL and R
Since this role heavily relies on data analysis, make sure you have a solid understanding of SQL and R. Be prepared to discuss your experience with these tools and how you've used them in past projects.
✨Showcase Your Visualisation Skills
Familiarity with visualisation tools like Tableau or PowerBI is crucial. Bring examples of dashboards or reports you've created, and be ready to explain the insights they provided.
✨Understand Pricing Methodologies
Demonstrate your knowledge of pricing and portfolio management methodologies, especially within general insurance. Be ready to discuss specific models you've built or worked with, such as GLM and GBMs.
✨Communicate Effectively
As a Senior Portfolio Analyst, you'll need to explain complex pricing changes to various stakeholders. Practice articulating your thoughts clearly and confidently, focusing on how your decisions impact the business.
