Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Analyse data to recommend pricing strategies and develop pricing models.
- Company: Morgan McKinley is a leading recruitment agency in the Financial Services sector.
- Benefits: Enjoy hybrid working options and a competitive salary of £60-75K.
- Why this job: Join a dynamic team, make impactful decisions, and enhance your analytical skills.
- Qualifications: Experience in pricing or costing roles within Insurance or Financial Services is essential.
- Other info: This is a 6-month fixed-term contract with opportunities for professional growth.
The predicted salary is between 48000 - 72000 £ per year.
Morgan McKinley is looking for an experienced Pricing Consultant to work within the Financial Services and Insurance team of a company based in the East Grinstead, West Sussex area. This is a hybrid working Pricing Consultant fixed term contract position, for 6 months. The Pricing specialist will have experience of working within a commercial, pricing, product costing type role within the FS/Insurance sector.
Salary: £60-75K
Location: Hybrid working – East Grinstead
Duration: 6 month fixed term contract
Pricing Consultant duties:
- Actuarial loss ratio analysis on data to make recommendations
- Develop a spreadsheet model of prices / rates, implementing rating tables
- Carry out impact price analysis
- Ensure the risk and the impact on loss ratio is taken into account when setting new product prices
- Work closely with relevant team members and wider business areas, e.g. the product manager and the claims manager, to ensure the product is well understood.
- Present price / rating proposals and their impact to key stakeholders and update stakeholders regularly
- Work with other teams to implement, and be involved in, a test process of the new rates system
Essential Skills & Experience Required:
- Experience of working in a similar pricing / costing role, within Insurance or FS
- Ability to make decisions and recommendations where there may be scant data available.
- Excellent IT skills, use of Excel, such as; pivot tables and macros
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.
#J-18808-Ljbffr
Pricing Specialist (Insurance) employer: The Institute of Internal Auditors
Contact Detail:
The Institute of Internal Auditors Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Specialist (Insurance)
✨Tip Number 1
Familiarise yourself with the latest trends in pricing strategies within the insurance sector. Understanding current market dynamics will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the financial services and insurance industry. Attend relevant events or join online forums to connect with others who can provide insights or even refer you to opportunities at companies like us.
✨Tip Number 3
Brush up on your Excel skills, especially with pivot tables and macros. Being able to showcase your proficiency in these areas during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you've made data-driven decisions in previous roles. Be ready to share specific examples of how your recommendations positively impacted pricing strategies or loss ratios.
We think you need these skills to ace Pricing Specialist (Insurance)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing, product costing, and the insurance sector. Use specific examples that demonstrate your skills in actuarial analysis and Excel proficiency.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Pricing Specialist role and how your background aligns with the responsibilities outlined in the job description. Mention your ability to make data-driven decisions and collaborate with teams.
Showcase Technical Skills: Emphasise your IT skills, particularly your expertise in Excel. If you have experience with pivot tables and macros, be sure to mention this as it is crucial for the role.
Prepare for Potential Questions: Think about how you would approach pricing strategies and risk assessment. Be ready to discuss your previous experiences and how they relate to the tasks of the Pricing Consultant position.
How to prepare for a job interview at The Institute of Internal Auditors
✨Showcase Your Analytical Skills
As a Pricing Specialist, you'll need to demonstrate your ability to analyse data effectively. Be prepared to discuss specific examples of how you've conducted actuarial loss ratio analysis or developed pricing models in previous roles.
✨Familiarise Yourself with Excel
Since excellent IT skills, particularly in Excel, are essential for this role, make sure you can confidently discuss your experience with pivot tables and macros. Consider bringing a portfolio of your work or examples of spreadsheets you've created.
✨Understand the Insurance Sector
Brush up on your knowledge of the insurance industry and current trends. Being able to speak intelligently about the market and how pricing strategies can impact profitability will impress your interviewers.
✨Prepare for Stakeholder Engagement
You'll be working closely with various teams, so be ready to discuss how you've successfully communicated pricing proposals to stakeholders in the past. Highlight your ability to present complex information clearly and effectively.
