Pricing Analyst

Pricing Analyst

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join the Pricing team to develop and maintain pricing models for annuity business.
  • Company: Dynamic company focused on innovative financial solutions.
  • Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
  • Why this job: Make a real impact in pricing strategies while developing your analytical skills.
  • Qualifications: Degree in Mathematics or related field; strong data analysis skills required.
  • Other info: Collaborative environment with potential for career advancement.

The predicted salary is between 36000 - 60000 £ per year.

To work as a member of the Pricing team undertaking a variety of different tasks to enable the department to meet its objectives as agreed by the Head of Pricing including:

  • Supporting the development and maintenance of pricing models for annuity business, including bulk annuities that adhere to our risk tolerances and are scalable for future growth.
  • Supporting the preparation and analysis of policyholder data for pricing, including methods and assumptions for addressing gaps in data.
  • Experience investigations for factors affecting pricing assumptions.
  • Supporting the valuation, including Solvency II, UK GAAP and IFRS17 reporting.
  • Provide appropriate support to others within the team and across the organisation to implement recommendations/facilitate change to support the requirements of the business.
  • Ad hoc tasks as required.
  • Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
  • Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies

Mandatory

  • Highly numerate.
  • Experience in data analyses and ability to investigate data problems independently.
  • Excellent knowledge of MS Excel and Word.
  • Good communication skills, with the ability to propose solutions and be able to work independently requesting support where needed.
  • Ability to manage own time and deliver to deadlines.
  • Able to handle multiple tasks simultaneously seeking support where appropriate for prioritisation.

Desirable

  • Knowledge of UK Defined Benefit Pensions and reinsurance structures.
  • Understanding of actuarial concepts related to annuity pricing and valuation.

Experience and qualifications

Mandatory

  • Degree in Mathematics or other maths based subject.

Desirable

  • Studying towards the FIA qualification or given up exams – happy to consider applicants with suitable experience who are no longer studying towards qualification.
  • Experience of working in a team in an office environment.

Pricing Analyst employer: Utmost International

As a Pricing Analyst at our company, you will be part of a dynamic and supportive team that values collaboration and innovation. We offer a vibrant work culture that encourages professional growth through continuous learning opportunities and mentorship, all while being located in a thriving area that boasts excellent transport links and amenities. Join us to make a meaningful impact in the annuity business while enjoying a competitive benefits package and a commitment to your career development.
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Contact Detail:

Utmost International 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 already working as Pricing Analysts. A friendly chat can lead to insider info about job openings and even referrals.

✨Tip Number 2

Show off your skills! Prepare a portfolio or case studies that highlight your experience with data analysis and pricing models. This will give you an edge during interviews and show that you mean business.

✨Tip Number 3

Practice makes perfect! Get ready for interviews by rehearsing common questions related to pricing and data analysis. We recommend doing mock interviews with friends or using online platforms to boost your confidence.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company.

We think you need these skills to ace Pricing Analyst

Numeracy
Data Analysis
MS Excel
MS Word
Communication Skills
Time Management
Problem-Solving Skills
Actuarial Concepts
Annuity Pricing
Valuation (Solvency II, UK GAAP, IFRS17)
Team Collaboration
Adaptability
Knowledge of UK Defined Benefit Pensions
Reinsurance Structures

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Pricing Analyst role. Highlight your experience with data analysis and any relevant skills, like your proficiency in Excel. We want to see how you can contribute to our team!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing and how your background aligns with our objectives. Keep it concise but engaging – we love a good story!

Showcase Your Numeracy Skills: Since this role is highly numerate, don’t shy away from showcasing your mathematical prowess. Include specific examples of how you've used your analytical skills in past roles or projects. We’re all about those numbers!

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’s super easy – just a few clicks and you’re done!

How to prepare for a job interview at Utmost International

✨Know Your Numbers

As a Pricing Analyst, you'll need to demonstrate your numeracy skills. Brush up on your mathematical concepts and be ready to discuss how you've used data analysis in previous roles. Prepare examples of how you've tackled data problems independently.

✨Excel at Excel

Since excellent knowledge of MS Excel is a must, make sure you're comfortable with advanced functions and data manipulation techniques. Consider practising some common Excel tasks or even creating a small pricing model to showcase your skills during the interview.

✨Communicate Clearly

Good communication skills are essential for this role. Be prepared to explain complex pricing concepts in simple terms. Think about how you can propose solutions effectively and show that you can work both independently and as part of a team.

✨Understand the Industry

Familiarise yourself with UK Defined Benefit Pensions and reinsurance structures, as well as actuarial concepts related to annuity pricing. Showing that you have a grasp of these topics will set you apart and demonstrate your commitment to the field.

Pricing Analyst
Utmost International
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