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- Tasks: Develop and manage pricing models to drive business growth and insights.
- Company: Join Hiscox, a leading insurance provider known for its innovative approach and vibrant culture.
- Benefits: Enjoy flexible working arrangements and a supportive team environment.
- Why this job: Be part of a dynamic team influencing key business decisions with data science.
- Qualifications: Graduate degree with 3+ years in technical pricing; strong analytical skills required.
- Other info: Work in a hybrid model, combining office days with remote flexibility.
The predicted salary is between 48000 - 72000 £ per year.
Social network you want to login/join with:
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Client:
Hiscox
Location:
Colchester, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
ecfded6598a2
Job Views:
5
Posted:
25.08.2025
Expiry Date:
09.10.2025
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Job Description:
Job Type: Permanent
Build a brilliant future with Hiscox
The team and role
The UK Pricing team is a key part of Hiscox UK, focusing on analytics and business insight to guide underwriting decisions. The team, reporting to the UK Chief Underwriting Officer, collaborates with Underwriting, Distribution, Operations, Marketing, Reserving, and Finance. It is divided into Technical and Product Facing analysts, with the Technical team focusing on pricing models and data science to influence business outcomes.
This role is within the technical pricing area, requiring a detail-oriented individual with a commercial mindset. You will develop, maintain, and monitor pricing models, focusing on non-standard high net worth, motor, SME, and specialty lines, supporting profitable growth.
Note: This role does not require actuarial qualifications.
What you’ll be doing
- Designing and manipulating data models for pricing models.
- Creating models to predict claims and customer behaviors using GLMs and machine learning.
- Managing reporting cycles to monitor model performance and updates.
- Ensuring insights from models are used to drive business change.
- Collaborating with Underwriting leadership for model improvement.
- Producing reports for senior management to monitor portfolio performance.
- Owning pricing recommendations and model performance.
- Engaging with underwriting teams to align technical pricing with strategy.
- Supporting the implementation of new technologies like cloud data warehouses and visualization tools.
- Mentoring less experienced team members.
Person Specification:
Looking for a highly analytical, driven individual with strong decision-making skills, capable of working under pressure. Experience in technical pricing and analytics, with a strong commercial understanding, is essential.
Our must haves:
- Graduate degree with 3+ years’ experience in a similar role.
- Practical statistical skills in a business context.
- Strong analytical and problem-solving skills.
- Proficiency in Excel and SQL.
- Knowledge of Python, Emblem, SAS.
- Experience in building pricing models.
- Strong numeric and data manipulation skills.
- Excellent stakeholder relationship skills.
- Effective communication skills.
- Deadline-oriented and self-motivated.
Nice to haves:
- Knowledge of Commercial or Personal Lines insurance.
- Relevant professional qualifications.
Diversity and flexible working at Hiscox
Hiscox values diversity and supports flexible working arrangements. The role may involve working in the office 2-3 days a week in London, combining structure with flexibility.
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Join a vibrant team and enjoy a unique culture.
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Senior Pricing Analyst (Technical) employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst (Technical)
✨Tip Number 1
Familiarise yourself with the latest trends in pricing models and data science, especially in the insurance sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the insurance and analytics fields. Attend industry events or webinars where you can meet people from Hiscox or similar companies. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data models to influence business decisions in your previous roles. Being able to articulate your experience with GLMs, machine learning, and pricing strategies will set you apart from other candidates.
✨Tip Number 4
Showcase your proficiency in Excel, SQL, and any programming languages like Python during your conversations. Consider preparing a small project or case study that highlights your technical skills and how they can be applied to the role at Hiscox.
We think you need these skills to ace Senior Pricing Analyst (Technical)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in technical pricing and analytics. Emphasise your proficiency in Excel, SQL, and any experience with Python or other statistical tools that align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and commercial mindset. Mention specific examples of how you've developed pricing models or influenced business outcomes in previous roles.
Highlight Relevant Experience: In your application, focus on your 3+ years of experience in similar roles. Discuss your practical statistical skills and any experience you have with GLMs and machine learning, as these are crucial for the position.
Showcase Soft Skills: Don't forget to mention your strong decision-making skills and ability to work under pressure. Effective communication and stakeholder relationship skills are also important, so provide examples of how you've successfully collaborated with teams in the past.
How to prepare for a job interview at Hiscox
✨Showcase Your Analytical Skills
As a Senior Pricing Analyst, you'll need to demonstrate your strong analytical and problem-solving skills. Be prepared to discuss specific examples of how you've used data analysis to influence business decisions or improve pricing models in your previous roles.
✨Familiarise Yourself with Pricing Models
Make sure you understand the different pricing models relevant to the role, especially those involving GLMs and machine learning. You might be asked to explain how you would approach building or improving a pricing model, so brush up on your technical knowledge.
✨Prepare for Stakeholder Engagement Questions
Given the collaborative nature of the role, expect questions about how you've worked with various stakeholders in the past. Think of examples where you successfully communicated complex data insights to non-technical team members or influenced decision-making.
✨Demonstrate Your Commercial Mindset
The role requires a strong commercial understanding, so be ready to discuss how your analytical work has contributed to profitable growth in previous positions. Highlight any experience you have with high net worth or specialty lines, as this will be particularly relevant.