Pricing Consultant (Statistician, Part-Qualified Actuary or Graduate) – Global General Insurance Co Job in Horsham, Southern UK
My client is looking for a Statistician, Part-Qualified Actuary 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
The Intermediated Home Pricing team work with organisations such as insurance brokers, banks, building societies. They respond flexibly and their involvement can range from providing underwriter expertise to full marketing support using our partner's brand to sell insurance. In some cases they operate on a sole-supplier basis, in others they are one of a number of insurers on a competitive panel.
A key responsibility of this role will be to look after their Mid and High Net Worth Home accounts. These accounts are a key area of development for my client following their recent acquisition of the UK’s leading High Net Worth specialists. The role will give the opportunity to:
- Get involved with statistical modelling to set rates,
- Tracking and monitoring of the performance of the account and to identify opportunities to increase premium income and/or profitability,
- Work with new and existing brokers to generate profitable growth through their Mid and High Net Worth schemes,
- Work with the Specialist Broker and Oak Management teams to help shape their future strategy for the account.
Within the wider team there will also be the opportunities in the future for working on other household accounts. They also have a significant Home Emergency account and look after the SME property account (Small-Medium enterprises: shops, offices and tradesman).
Pricing work hand-in-hand with Actuaries, Relationship Managers, Marketing and Product Development teams to deliver profitable growth for the business in what is a fiercely competitive and dynamic marketplace. The work involves a combination of skills including business / commercial understanding, data analysis, getting to the root of issues and communicating complex business dynamics in terms that ‘front line’ colleagues and clients can readily understand.
What Do I Need?
Qualifications Experience:
- Proven experience in or an aptitude for an analyst/consultancy role with significant exposure to data, business modelling and associated quantitative analytical work
- BSc and MSc graduates will be considered in addition to experienced candidates
- A degree in a numerate subject such as Maths, Statistics, Operational Research or a degree with a significant mathematical content eg Physics, Economics or Social Science or a high level of numeracy.
Skills Knowledge:
- Data Management and manipulation
- Statistical analysis
- An Aptitude for using and developing spreadsheets and databases
- Report writing and presentation skills
- Project management
- General knowledge of the insurance industry (advantageous but not essential).
- MS Access and/or SAS programming and/or Emblem (advantageous but not essential, training available)
- Consultancy Negotiation skills
If you are interested in applying for this opportunity 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