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- Tasks: Lead a team to develop innovative pricing strategies for insurance products.
- Company: Join a dynamic insurance company focused on data-driven solutions.
- Benefits: Enjoy hybrid work options and a collaborative team environment.
- Why this job: Shape the future of insurance pricing while mentoring a talented team.
- Qualifications: MSc/PhD in relevant fields with 10+ years in insurance pricing required.
- Other info: Opportunity to work with advanced analytics and machine learning techniques.
The predicted salary is between 60000 - 84000 £ per year.
This is an exciting opportunity for a Head of Risk Pricing to lead a technical risk pricing team, shaping pricing strategies across broker and direct channels. This role sits across Motor and Home Insurance products.
Responsibilities:
- Lead and mentor a team of 15-20 pricing analysts and managers.
- Develop and maintain advanced risk models using traditional and machine learning techniques.
- Collaborate with underwriting, retail pricing, and data science teams to refine pricing strategies.
- Ensure robust pricing processes, risk assessment, and regulatory compliance.
- Monitor inflationary and risk trends, improving modelling accuracy.
Minimum Requirements:
- MSc/PhD in Statistics, Actuarial Science, Data Science, or related field.
- 10+ years in personal lines insurance pricing.
- Expertise in predictive modelling, machine learning (Python), and pricing tools (Radar, Emblem, Earnix).
- Strong leadership, communication, and strategic planning skills.
If you’re ready to drive innovation in insurance pricing, please send your CV for immediate consideration.
Head of Risk Pricing employer: Gerrard White Consulting
Contact Detail:
Gerrard White Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk Pricing
✨Tip Number 1
Network with professionals in the insurance and data science sectors. Attend industry conferences or webinars to connect with potential colleagues and leaders in the field. This can help you gain insights into the latest trends and practices in risk pricing.
✨Tip Number 2
Showcase your leadership skills by participating in relevant projects or initiatives within your current role. Highlight any experience you have in mentoring or leading teams, as this is crucial for the Head of Risk Pricing position.
✨Tip Number 3
Stay updated on the latest advancements in machine learning and predictive modelling techniques. Consider taking online courses or certifications that focus on these areas, as they are essential for developing advanced risk models.
✨Tip Number 4
Familiarise yourself with the specific pricing tools mentioned in the job description, such as Radar, Emblem, and Earnix. If you haven't used them before, look for tutorials or resources that can help you understand their functionalities and applications in risk pricing.
We think you need these skills to ace Head of Risk Pricing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in insurance pricing, particularly in personal lines. Emphasise your expertise in predictive modelling and machine learning, as well as any leadership roles you've held.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Discuss your experience with advanced risk models and how you can contribute to shaping pricing strategies at the company.
Highlight Relevant Skills: In your application, clearly outline your skills in Python, Radar, Emblem, and Earnix. Provide specific examples of how you've used these tools to improve pricing accuracy or develop innovative solutions.
Showcase Leadership Experience: Since the role involves leading a team, include details about your leadership style and any successful projects where you mentored or managed teams. This will demonstrate your capability to lead and inspire others.
How to prepare for a job interview at Gerrard White Consulting
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with advanced risk models and predictive modelling techniques. Highlight specific projects where you've successfully implemented machine learning algorithms, especially in Python, as this will demonstrate your technical proficiency.
✨Demonstrate Leadership Skills
As a Head of Risk Pricing, you'll be leading a team. Share examples of how you've mentored or managed teams in the past. Discuss your approach to leadership and how you foster collaboration among different departments, such as underwriting and data science.
✨Understand the Industry Trends
Stay updated on current trends in the insurance market, particularly around inflationary pressures and risk assessment. Be ready to discuss how these trends impact pricing strategies and how you would adapt models to improve accuracy.
✨Prepare for Regulatory Questions
Given the importance of compliance in this role, be prepared to answer questions about regulatory requirements in insurance pricing. Familiarise yourself with relevant regulations and be ready to discuss how you ensure compliance within pricing processes.
