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- Tasks: Support underwriters with pricing analysis and data insights in a dynamic team environment.
- Company: Hiscox is an innovative insurer focused on unique risks, fostering a creative and inclusive culture.
- Benefits: Enjoy flexible working options, a diverse workplace, and opportunities for professional growth.
- Why this job: Join a high-performing team that values creativity and challenges the status quo in the insurance industry.
- Qualifications: Degree in a numerical subject (2:1 or above) and strong communication skills are essential.
- Other info: Opportunities to learn coding and work towards actuarial exams are available.
The predicted salary is between 28800 - 48000 £ per year.
About The Team/divisionOur 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 TypePermanent
Build a brilliant future with Hiscox
OverviewWe 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 roleFor 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 HiscoxAs 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 HiscoxAt 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 informationYou can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)
Work with amazing people and be part of a unique culture
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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
Familiarise yourself with the London Market and its unique characteristics. Understanding how delegated authority binders and lineslips work will give you an edge in discussions and interviews, showing that you're not just knowledgeable but also genuinely interested in the role.
✨Tip Number 2
Brush up on your analytical skills, particularly in Excel and any coding languages like SQL, R, or Python. Being able to demonstrate your ability to manipulate large data sets and extract insights will be crucial in showcasing your fit for the Pricing Analyst position.
✨Tip Number 3
Prepare to discuss real-world examples where you've had to solve complex problems or make data-driven decisions. This will highlight your innovative thinking and problem-solving abilities, which are key traits they’re looking for in a candidate.
✨Tip Number 4
Network with professionals in the insurance industry, especially those who work in pricing or analytics. Engaging with them can provide valuable insights into the role and may even lead to referrals, increasing your chances of landing the job.
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the role of a Pricing Analyst. Emphasise your analytical abilities, problem-solving skills, and any experience with data analysis or financial modelling.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of the job description that resonate with you, such as your eagerness to learn and your innovative mindset. Use examples from your past experiences to demonstrate your suitability.
Showcase Technical Skills: If you have experience with Excel, SQL, R, or Python, make sure to highlight this in your application. Provide examples of how you've used these tools in previous roles or projects to analyse data or solve problems.
Demonstrate Communication Skills: Since the role requires clear communication with various stakeholders, include examples in your application that showcase your ability to convey complex information effectively. This could be through presentations, reports, or collaborative projects.
How to prepare for a job interview at Hiscox
✨Showcase Your Analytical Skills
As a Pricing Analyst, you'll need to demonstrate your ability to analyse large data sets. Be prepared to discuss specific examples of how you've used data to make informed decisions or solve problems in the past.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex concepts in simple terms, as you will need to convey your findings to both technical and non-technical stakeholders.
✨Demonstrate Curiosity and Eagerness to Learn
The company values inquisitive individuals. Be ready to discuss what you've learned recently in your field and how you stay updated with industry trends. Show your passion for continuous improvement.
✨Prepare for Problem-Solving Scenarios
Expect to face questions that assess your problem-solving abilities. Think of situations where you had to find innovative solutions without established approaches, and be ready to share your thought process.
