Pricing Advisory

Pricing Advisory

Full-Time 36000 - 60000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Consult with insurance pricing teams to enhance their strategies and operations.
  • Company: Join Guidewire, a leading platform for P&C insurers worldwide.
  • Benefits: Competitive salary, travel opportunities, and a commitment to diversity.
  • Why this job: Make a real impact by transforming pricing strategies with cutting-edge techniques.
  • Qualifications: 3+ years in insurance pricing; experience with advanced pricing models is essential.
  • Other info: Dynamic role with frequent travel and excellent career growth potential.

The predicted salary is between 36000 - 60000 ÂŁ per year.

We are seeking a highly motivated and experienced individual to join our team as a Pricing Advisory professional. This role is crucial for helping our diverse client base—insurance pricing teams—elevate the sophistication and effectiveness of their pricing strategies and operations. The successful candidate will leverage their deep industry experience to consult on best practices, analytical methods, and technological integration.

Key Responsibilities

  • Client Consultation: Work directly with client pricing teams to assess their current capabilities, identify gaps in sophistication, and recommend actionable strategies for improvement.
  • Strategic Development: Assist clients in developing advanced pricing models, incorporating new data sources, and optimizing rate-setting methodologies.
  • Implementation Support: Guide clients through the implementation of new pricing tools, software, and analytical frameworks.
  • Knowledge Transfer: Conduct workshops and training sessions for client teams on cutting‑edge pricing techniques, regulatory compliance, and market dynamics.
  • Stakeholder Management: Present findings and recommendations to senior stakeholders, translating complex analytical concepts into clear, business‑focused insights.
  • Travel: Travel is required to meet with clients at their locations to deliver consulting services.

Qualifications

  • The ideal candidate must demonstrate a strong background in insurance pricing: Minimum of 3+ years, and ideally 5+ years, of direct experience within an insurance pricing team (P&C).
  • Proven track record of developing and implementing complex pricing models (e.g., GLMs, machine learning techniques).
  • Experience in consulting or advisory services is a plus.

Skills And Attributes

  • Analytical Excellence: Superior quantitative and analytical skills with proficiency in pricing software (e.g., Earnix, Quantee, WTW, Akur8), experience with statistical packages for programming languages is a plus.
  • Communication: Excellent verbal and written communication skills.
  • Multilingualism (Huge Advantage): The ability to speak multiple languages is a significant advantage due to our international client base.
  • Travel: Willingness and ability to travel frequently to client sites.
  • Problem‑Solving: A proactive and strategic approach to overcoming complex business and technical challenges.

The Main Challenge

The core challenge of this role is to successfully help the pricing teams of our clients to develop the sophistication of their pricing. This involves moving teams beyond traditional actuarial methods to embrace modern data science techniques, real‑time pricing, and advanced portfolio management, all while navigating regulatory constraints and organizational change. 30% Travel required.

About Guidewire

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 540+ insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record with 1600+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our Marketplace provides hundreds of applications that accelerate integration, localization, and innovation. Guidewire Software, Inc. is proud to be an equal opportunity and affirmative action employer. We are committed to an inclusive workplace, and believe that a diversity of perspectives, abilities, and cultures is a key to our success. Qualified applicants will receive consideration without regard to race, color, ancestry, religion, sex, national origin, citizenship, marital status, age, sexual orientation, gender identity, gender expression, veteran status, or disability. All offers are contingent upon passing a criminal history and other background checks where it’s applicable to the position.

Pricing Advisory employer: Guidewire Software

At Guidewire, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. Our Pricing Advisory professionals benefit from extensive employee growth opportunities, including hands-on client engagement and the chance to work with cutting-edge technologies in the insurance sector. With a commitment to diversity and inclusion, we ensure that every team member's voice is heard, making Guidewire not just a workplace, but a community where you can thrive.
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Contact Detail:

Guidewire Software Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pricing Advisory

✨Tip Number 1

Network like a pro! Reach out to your connections in the insurance pricing world and let them know you're on the hunt for a Pricing Advisory role. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Get ready for those interviews! Brush up on your analytical skills and be prepared to discuss your experience with complex pricing models. We want to see how you can translate your knowledge into actionable strategies for clients.

✨Tip Number 3

Show off your communication skills! Practice explaining complex concepts in simple terms, as you'll need to present findings to senior stakeholders. Remember, clarity is key when it comes to making an impact.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.

We think you need these skills to ace Pricing Advisory

Insurance Pricing Expertise
Analytical Excellence
Proficiency in Pricing Software (e.g., Earnix, Quantee, WTW, Akur8)
Statistical Programming Skills
Communication Skills
Multilingualism
Problem-Solving Skills
Client Consultation
Strategic Development
Implementation Support
Knowledge Transfer
Stakeholder Management
Adaptability to Regulatory Constraints
Experience with Advanced Pricing Models (e.g., GLMs, machine learning techniques)
Willingness to Travel

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Pricing Advisory role. Highlight your experience in insurance pricing and any relevant projects you've worked on. We want to see how your skills align with what we're looking for!

Showcase Your Analytical Skills: Since this role requires strong analytical abilities, don’t shy away from sharing specific examples of complex pricing models you've developed. We love seeing how you’ve used data to drive decisions and improve strategies.

Communicate Clearly: Your written communication skills are key! Keep your application clear and concise, avoiding jargon unless necessary. We appreciate straightforward language that gets to the point—just like we do with our clients.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!

How to prepare for a job interview at Guidewire Software

✨Know Your Pricing Models

Make sure you brush up on the various pricing models you've worked with, especially GLMs and machine learning techniques. Be ready to discuss specific examples of how you've developed and implemented these models in your previous roles.

✨Showcase Your Analytical Skills

Prepare to demonstrate your analytical prowess by discussing past projects where you used pricing software like Earnix or Quantee. Highlight any complex problems you solved and the impact your solutions had on the client's pricing strategies.

✨Communicate Clearly

Since you'll be presenting findings to senior stakeholders, practice translating complex analytical concepts into simple, business-focused insights. Use clear language and avoid jargon to ensure everyone understands your recommendations.

✨Emphasise Your Client Consultation Experience

Be ready to share your experiences working directly with client pricing teams. Discuss how you've assessed their capabilities, identified gaps, and recommended actionable strategies for improvement. This will show your ability to consult effectively and build strong client relationships.

Pricing Advisory
Guidewire Software
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