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- Tasks: Lead the Pricing & Portfolio Insight Squad to develop data-driven pricing models.
- Company: Dynamic insurance company focused on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a real impact by using advanced analytics to shape insurance strategies.
- Qualifications: Degree in Data Science or related field; experience with statistical modelling.
- Other info: Join a vibrant team that values creativity and strategic thinking.
The predicted salary is between 36000 - 60000 £ per year.
The Pricing & Portfolio Insight Product Owner is a key role within our insurance company, responsible for utilizing sophisticated techniques, such as Generalized Linear Models (GLMs), to develop accurate loss cost models for pricing and portfolio management purposes. This position requires a deep understanding of actuarial concepts, strong statistical modelling skills, and the ability to provide data-driven insights to support strategic decision-making.
This Product Owner is responsible for conducting robust quantitative and statistical analysis of our insurance product offerings and portfolio.
Key Responsibilities / Accountabilities:
- Develop and maintain loss cost models using GLMs and other advanced statistical techniques, incorporating relevant variables and factors for accurate pricing and risk assessment.
- Analyse historical insurance data to identify patterns and trends, and determine the impact of various factors on loss costs.
- Collaborate with underwriting, claims, and finance teams to understand business needs and provide data-driven insights for portfolio management.
- Conduct rate level reviews to ensure appropriate pricing of insurance products, considering risk exposure, market dynamics, and profitability goals.
- Enhance loss cost models over time by incorporating new data sources, refining variables, and exploring innovative modelling techniques.
- Evaluate the impact of pricing strategies, policy changes, and market shifts on portfolio performance, and make recommendations for adjustments, if needed.
- Present findings and recommendations to stakeholders, including senior management and underwriting teams, in clear and concise reports.
Qualifications:
- Bachelor’s degree (or equivalent) in a quantitative field such as Data Science, Actuarial Science, Statistics, or Mathematics.
- Related practical experience, preferably in the commercial insurance sector.
- Strong proficiency in statistical modelling techniques, specifically GLMs, and experience with software tools like R, SAS, or Python.
- Solid understanding of insurance pricing principles, loss reserving, and risk assessment methodologies.
- Familiarity with insurance industry regulations, standards, and best practices.
- Proficiency with data analysis and visualisation tools and platforms, preferably Qliksense, Power BI, Alteryx, etc.
- Experience of using AI within daily ways of working.
- Ability to provide hands-on direction and day-to-day execution ownership in a multidisciplinary team.
- Relevant knowledge and understanding of business objectives to align with product vision.
- Demonstrated ability to think both strategically and tactically.
- Excellent communication and presentation skills; comfortable in engaging with senior leadership.
- Ability to effectively identify and manage needs of a broad range of stakeholders.
- Ability to juggle multiple priorities and handle unexpected challenges that arise within projects, adapting quickly and effectively.
- Strong self-motivator with a contagious ability to spread energy to the team.
Pricing & Portfolio Insight Product Owner in London employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing & Portfolio Insight Product Owner in London
✨Network Like a Pro
Get out there and connect with people in the insurance industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with GLMs and statistical modelling. Share specific examples of how you've used data to drive decisions and improve product performance. This will show them you’re the real deal!
✨Prepare for the Interview
Do your homework before interviews! Understand the company’s products and recent developments in the insurance sector. Be ready to discuss how your skills can help them tackle their challenges, especially in pricing and portfolio management.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Pricing & Portfolio Insight Product Owner in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Pricing & Portfolio Insight Product Owner. Highlight your experience with GLMs and statistical modelling, and don’t forget to mention any relevant tools like R or Python that you’ve used.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the insurance sector and how your skills can help us improve product performance and portfolio management. Keep it concise but impactful!
Showcase Your Analytical Skills: In your application, be sure to include examples of how you've used data to drive decisions in previous roles. We love seeing how you’ve identified trends and made recommendations based on your findings.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we can’t wait to see what you bring to the table!
How to prepare for a job interview at Chubb
✨Know Your Numbers
Brush up on your statistical modelling skills, especially around Generalized Linear Models (GLMs). Be ready to discuss how you've used these techniques in past roles to develop loss cost models or analyse insurance data. Having specific examples will show your expertise and confidence.
✨Understand the Business
Familiarise yourself with the insurance industry, particularly pricing principles and risk assessment methodologies. Research the company’s products and recent market trends so you can speak knowledgeably about how your insights could drive profitability and improve portfolio management.
✨Collaborate Like a Pro
Prepare to discuss your experience working with cross-functional teams, such as underwriting and finance. Think of examples where you’ve successfully collaborated to achieve common goals, and be ready to explain how you can bring that collaborative spirit to their squad.
✨Communicate Clearly
Practice presenting complex data insights in a clear and concise manner. You might be asked to explain your findings to stakeholders, so being able to translate technical jargon into understandable language is key. Consider preparing a mini-presentation on a relevant topic to showcase your communication skills.
