Pricing Analyst (Statistician, Actuarial Student or Graduate) – Global General Insurance Company Job in Horsham, Southern UK
My client is looking for a Statistician, Actuarial Student or a graduate with strong knowledge of statistics and mathematics to join their Pricing Team. They are open to candidates from non-insurance backgrounds and have previously recruited people from the pharmaceutical industry, chemical companies and the banking sector. The key requirement is the ability to gather data and manipulate it for analytical and modelling purposes.
The Company
My client is one of the world's leading FTSE 100 general insurers with a proud heritage dating back 300 years. With net written premiums of GBP 6.7 billion (2009), they provide high quality, innovative insurance products and services in over 130 countries, setting new standards in the industry and employing over 23,000 people. They have achieved this through their strong track record of delivering award winning customer service and cutting edge propositions as well as our underwriting and claims expertise.
Why should this interest you?
- Market Leading Training Development - my clients Pricing Team offers you the opportunity to work closely with industry experts in the Actuarial and Statistical fields. Your training will encompass learning complex pricing techniques and gaining a clear understanding of the highly competitive and fast moving insurance market.
- High Profile Pricing Team - the Pricing Team is very well respected within the business at UK and Group level and has enjoyed significant investment over recent years. Working in the Pricing Team you can expect plenty of contact with senior individuals in the business.
- Internal Rotation - you will be given the chance to develop your skills in different areas of pricing and may also be given the opportunity to rotate into other business areas such as reserving in the medium term. This will enable you to become a strong ‘all-rounder’ and add real value to your skill set and CV marketability.
- International Prospects – my client offers international secondments to other parts of their Group who require assistance in specialist areas. Recent secondments have included Canada, India Denmark.
- Centre of Excellence - the UK is the company’s ‘Centre of Excellence’ they regularly host training and development courses for their Group colleagues and welcome a range of highly academic and experienced professionals from around the world. This will give you the chance to work with and learn from a diverse range of people.
- Flexible Working – in addition they offer their staff flexible working and a formal flexi-time scheme which enables you to control your working hours. So long as you are in work during ‘core hours’ (10.00am to 3.00pm) you can pretty much start and finish when you please. Ensuring that you fit work around your life and not the other way around!
The Role
You will be applying statistical principles to general insurance you’ll ideally have knowledge of actuarial / statistical techniques, as well as proven data handling skills and a strong mathematical ability.
It’s a rewarding role where you’ll make a big impact on their pricing strategy. Additionally, you’ll be able to look forward to significant career opportunities in other UK pricing areas, as well as internationally in the future.
Specific Responsibilities:
- Gathering required data (qualitative and quantitative) for analytical and/or modelling purposes, from agreed internal and/or external sources, in line with all mandatory data management, reporting and legal/regulatory requirements.
- Cleaning and validating information collected to ensure accuracy and reliability, as far as possible.
- Running required calculations, models and analyses using relevant data systems and/or spreadsheets and following agreed processes, policies and procedures.
- Analysing information to identify variances, trends, anomalies, etc and explain, highlight and/or refer relevant issues to others as appropriate.
- Preparing and presenting required reports, forecasts and other outputs to agreed standards in terms of timeliness, content and presentation on a regular and ad hoc basis as required.
- Taking all reasonable steps to ensure the accuracy and reliability of output, providing appropriate guidance to others on implications and interpretation.
What Do I Need?
- Degree in mathematics, economics, statistics or similar (or have relevant work experience)
- Good commercial awareness and general understanding of the wider financial services market
- Can combine technical expertise with business knowledge to extrapolate insights from complex or limited data
- Strong data analysis, communication and relationship management skills
If you are interested in applying for this role please send your CV in the strictest of confidence. If you would also like to discuss this role in more detail please contact Austin Brislen at Sagar Wright on 0113 234 0500