To define and deliver pricing analysis, processes and controls to support the delivery of agreed pricing strategy. The role is also responsible for managing more junior analysts within team.
About you
- Educated to degree level in a numerate subject
- MSc in Statistics, Actuarial or ACII qualification is desirable
- Significant pricing experience
- Excellent working knowledge of data science and actuarial methods (e.g. claims reserving, GLIM risk pricing)
- Significant exposure to MIS development and data analysis
- Management experience
Details
- To deputise for the relevant Head of pricing, and contribute to the product underwriting strategy.
- To define and deliver pricing analysis projects to improve underwriting performance whilst supporting GWP targets through competitive product/price positioning.
- To input into product development, by primarily identifying innovative underwriting segmentation improvements to support volume growth and profitability ambitions.
- To establish a robust rate relativity review process to optimise the conversion and profitability of single risk segments within the portfolio.
- To review overall product and single scheme profitability, providing necessary pricing input into the budget planning process for existing lines, and the evaluation of new schemes or partnership bids.
- To define and deliver a ‘fit for purpose’ MI reporting suite to monitor and control the underwriting performance and competitive price positioning of the portfolio, by channel, scheme, claim type and risk segment.
- To manage and develop the more junior pricing analysts within the pricing team.
- Ensure that the pricing requirements follow regulatory guidance and reflect the values of LV.
Why work for us?
Exciting things are happening at LV= General Insurance (LV= GI). Having recently welcomed Legal & General into our family, we’re proud to now be one of the largest personal insurers in the UK. Working with a new energy, we’re shifting gear and transforming our company, industry and beyond. And we’re just getting started.
Driven by pride and passion, we will always do the right thing to inspire trust in our people and our customers. That’s why we’ve made it our mission to become Britain’s best loved insurer, by helping people look after what they love.
LV=General Insurance are an equal opportunities employer who value a diverse and inclusive working environment. We do not discriminate and we recognise and embrace that people work in different ways.
We value alternative viewpoints, celebrate individuality and foster a culture where everyone feels respected for their individual contribution and is able to bring their true self to work.
With the above in mind we accept applications from everyone regardless of your background, beliefs or culture however we especially welcome applications from women, people from ethnic minorities, people with a disability and people who are LGBT+ as these groups are currently under-represented in our organisation
Rewards and Benefits
Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 27 days’ holiday, performance related bonus, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.
Our Core Benefits Include:- Competitive salary, reviewed annually, benchmarked against our industry peers.
- Pension Scheme – If you wish to join the pension scheme, legally you must contribute 3% of your salary and the company will contribute an additional 5%. If you wish to contribute more than 3%, the company will match this up to a maximum of an additional 5%. After 3 years the company contributions increase to 8% and after 5 years 10%.
- Bonus scheme – based on company and personal performance
- Private medical insurance - employee
- Group Income protection plan after 12 months service
- Competitive holiday allowance - 27 days annual leave plus bank holidays
- Flexible working – we try our best to accommodate your work/life balance, circumstances and life choices outside work.
- Development days – we will support your personal development.
- Volunteering hours – employees can take part in volunteering activities for up to ten hours per year.
- Employee Support Programme – free and confidential 24-hour life management and personal support service, helping you deal with everyday situations and more serious problems.
- Life cover x4
- Season Ticket Loan
- Buy/Sell Annual leave
- A discount up to 50% on a range of insurance products including car, home and pet
- Cycle to Work
- GymFlex MyDiscounts - one-stop-shop for employee discounts including cinema, shopping, travel, days out, vouchers and much, much more!
- Private medical insurance - family