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For Companies At a Glance
- Tasks: Analyse pricing strategies and develop models for marine and energy sectors.
- Company: Join Hiscox, a forward-thinking insurer with a unique culture.
- Benefits: Flexible working, diverse environment, and opportunities for professional growth.
- Why this job: Shape the future of insurance with innovative insights and analytical skills.
- Qualifications: Degree in a numerical subject and 2+ years of insurance experience required.
- Other info: Collaborative team atmosphere with a focus on creativity and challenging the norm.
The predicted salary is between 36000 - 60000 £ per year.
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.
Job Type: Permanent
Overview
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 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.
Pricing Analyst employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land 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 and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising your case studies and analytical skills. Be ready to showcase how you can combine technical expertise with commercial insights – that's what they're after!
✨Tip Number 3
Show off your communication skills! When discussing your work, make sure you can explain complex ideas clearly. Remember, you’ll be talking to a variety of stakeholders, so keep it simple and engaging.
✨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. Plus, it shows you’re genuinely interested in joining the Hiscox team.
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Pricing Analyst role. Highlight your analytical skills, insurance experience, and any relevant technical expertise to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about this role and how you can contribute to our team. Be sure to mention specific projects or experiences that showcase your problem-solving abilities and innovative thinking.
Showcase Your Technical Skills: Since we’re looking for someone with exceptional technical skills, don’t shy away from mentioning your familiarity with tools like SQL, R, or Python. Give examples of how you've used these in past roles to drive results.
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 unique culture at Hiscox!
How to prepare for a job interview at Hiscox
✨Know Your Numbers
As a Pricing Analyst, you'll need to demonstrate your numerical prowess. Brush up on your analytical skills and be ready to discuss how you've used tools like SQL, R, or Python in past roles. Prepare examples of how your analysis has led to actionable insights.
✨Showcase Your Problem-Solving Skills
The role requires innovative thinking, so come prepared with examples of how you've tackled ambiguous problems in the past. Think about situations where you had to develop new models or approaches and be ready to explain your thought process.
✨Communicate Clearly
You'll be working with various stakeholders, so practice explaining complex concepts in simple terms. Consider preparing a brief presentation or summary of a past project that highlights your ability to convey technical information effectively.
✨Demonstrate Your Commercial Awareness
Understanding the business side of pricing is crucial. Research Hiscox's market position and recent developments in the insurance industry. Be ready to discuss how your insights can contribute to their goal of profitable growth and how you can help shape the future of the division.
