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- Tasks: Analyse pricing strategies and develop innovative models for marine and energy insurance.
- Company: Join Hiscox, a forward-thinking insurer with a unique culture.
- Benefits: Flexible working, great employee benefits, and a supportive team environment.
- Why this job: Shape the future of insurance while working with talented professionals.
- Qualifications: Degree in a numerical subject and 2+ years of insurance experience required.
- Other info: Diversity and inclusion are at our core; we value creative thinkers.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with Hiscox.
About the team/division: Our pricing team is embedded within the Marine, Energy and Specialty (MES) division within Hiscox London Market. We write approximately $400m of Gross Written Premium, seventy percent of which is written through the open market and twenty five percent of which we lead. Our ambition is to profitably grow to approximately $550m by 2030.
We are looking for a senior analyst to join our pricing team to focus on the suite of MES classes: Cargo, Hull, Marine & Energy Liability, Power & Renewables and Upstream. The role will involve a mix of case pricing, model development, portfolio analytics and supporting our goal of beating our business plan. We are not a back-office function – we are trusted experts, empowered to challenge convention, drive profitability and see our insights translated into real-world outcomes. Expectations are high, but with the opportunity to help to shape the future of a division with a proven track record at Hiscox, this is a rewarding and exciting role.
The role: For this role we are looking for someone highly numerate, who can take ownership, work independently, and thrive on ambiguity. We want someone with the ability to combine technical expertise with commercial insights and strong communication skills to convey their work to a wide audience. You will need to be inquisitive and think innovatively, finding solutions to problems where there is not an established approach. You will have the ability to balance multiple workstreams and to prioritise when working on a number of projects at once. You will need to confidently make sound business decisions and back these up with relevant data.
What you will be doing as a Senior Pricing Analyst in the MES team:
- Providing analytical support for MES underwriters through high quality case pricing analysis via a mixture of stochastic modelling, experience analysis and benchmarking.
- Producing portfolio analytics to understand performance and identify opportunities to improve the business. Communicating this to underwriters regularly via monthly meetings.
- Building new and improving existing Pricing models, combining technical actuarial techniques with market knowledge and balancing data enrichment with speed and usability.
- Interrogating external data, leveraging advanced analytics and tools to create competitive advantage and enhance our Pricing and underwriting decisions.
- Working collaboratively and communicating complex issues clearly and concisely to a wide variety of stakeholders including underwriters, exposure management, finance and MI.
Our must-haves:
- Educated to degree level in a numerical subject, 2:1 or above
- Exceptional technical skills – Familiarity with analytical tools e.g. SQL / R / Python / VBA / Dataiku
- Speak and write fluent business English
- 2+ years of insurance experience
Our nice-to-haves:
- Actuarial student/open to studying towards IFoA qualification
- Experience in an actuarial field (e.g. Capital Modelling/Reserving/Pricing)
- Tableau desktop experience
About Hiscox: As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo, and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
Diversity and flexible working at Hiscox: At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
Apply now for further information. You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance). Work with amazing people and be part of a unique culture. If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Senior Pricing Analyst employer: Hiscox SA
Contact Detail:
Hiscox SA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Hiscox. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the MES division. Know your stuff about Cargo, Hull, and Energy Liability. Show them you’re not just another candidate!
✨Tip Number 3
Practice your data storytelling skills. You’ll need to communicate complex analyses clearly, so get comfortable explaining your insights in simple terms.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people at Hiscox.
We think you need these skills to ace Senior Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Pricing Analyst role. Highlight your numerical skills, relevant experience, and any analytical tools you’re familiar with. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about pricing analysis and how you can contribute to our team. Don’t forget to mention your innovative thinking and problem-solving skills!
Showcase Your Technical Skills: We’re looking for someone with exceptional technical skills. Be sure to mention your experience with SQL, R, Python, or any other analytical tools in your application. This will help us see your fit for the role right away!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Hiscox SA
✨Know Your Numbers
As a Senior Pricing Analyst, you'll need to demonstrate your exceptional technical skills. Brush up on your analytical tools like SQL, R, or Python before the interview. Be ready to discuss how you've used these tools in past roles to drive profitability and make sound business decisions.
✨Showcase Your Communication Skills
This role requires strong communication skills to convey complex issues clearly. Prepare examples of how you've effectively communicated analytical insights to diverse stakeholders. Think about times when you had to simplify technical jargon for non-technical audiences.
✨Demonstrate Your Problem-Solving Ability
Hiscox values innovative thinking, so come prepared with examples of how you've tackled ambiguous problems in the past. Highlight your inquisitive nature and any creative solutions you've implemented that led to improved outcomes.
✨Understand the Business Context
Familiarise yourself with the Marine, Energy, and Specialty (MES) division's goals and challenges. Be ready to discuss how your analytical support can help underwriters achieve their targets. Showing that you understand the bigger picture will set you apart from other candidates.
