Pricing Analyst - Product Team at Hiscox

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

21 Feb, 26

Salary

0.0

Posted On

24 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Skills, Data Analysis, Excel, SQL, Communication Skills, Problem Solving, Stakeholder Management, Portfolio Management, Pricing Strategy, Financial Modelling, Governance, Customer Behaviour Analysis, Technical Pricing Models, Cloud-Based Technologies, Data Visualisation, Pricing Software

Industry

Insurance

Description

Job Type: Permanent Build a brilliant future with Hiscox About Hiscox UK Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs. The team and role The UK Pricing team are a fundamental part of the Hiscox UK business driving analytics and business insight that drives the direction of portfolio underwriting decisions. The UK Pricing team sits within a wider Portfolio Underwriting and Pricing function whose primary objective is to provide pricing and underwriting services across our UK retail business wait the aim of providing market leading risk selection and driving profitable growth across our portfolio. The team reports directly to the UK Chief Underwriting Officer and collaborates closely with the rest of Underwriting, Distribution, Operations, Marketing, Reserving and Finance. The pricing team itself are split into “Technical” and “Product Facing” analysts, with product facing pricing analysts having more of a focus on the monitoring, implementation and maintenance of production prices and working with senior stakeholders prioritise pricing activity aligned with the UK strategy. This role sits within the product facing area of the team, you’ll be someone who loves stakeholder management and knowing the who’s who as you’ll be networking and talking to the wider business, including Product Heads, Heads of Underwriting, and our Chief Underwriting Officer. You’ll be comfortable presenting on technical subjects and making real decisions to shape the wider underwriting portfolio aligned with business objectives. As a Pricing Analyst, you’ll undertake pricing projects and analysis and influence the growing book of non-standard high net worth household, motor, SME commercial as well as specialty lines. The Pricing Analyst plays a critical contributing role influencing the pricing and profitable growth for Hiscox UK. Please note this role does not require you to pursue, or have previously pursued, actuarial qualifications. What you’ll be doing Supporting the end-to-end design of pricing changes that support delivering budgeted volume and profitability targets over the underwriting cycle. This includes working with senior and lead analysts on the design of new changes and modelling their financial and customer impacts, and making recommendations to Heads of Underwriting, writing of governance committee papers and ensuring changes follow the full governance and change cycle to implementation. Building rapport and strong relationships with stakeholders across underwriting and distribution. Asking questions to understand their priorities and to scope individual projects. Presenting recommendations and findings to senior stakeholders with the support of lead pricing analysts, or pricing manager. Production of regular portfolio management reporting for CUO and Heads of Underwriting to monitor performance of the UK portfolio. Producing analysis on a monthly basis to further understand changing trends and analyse quote conversion, policy retention, customer behaviour, claims experience with the aim of driving real change into the business aligned with the UK strategy. Maintenance and implementation of production prices for all UK products. Including delivery of simple pricing changes from end to end, testing of prices before and after implementation and working with change colleagues and business analysts to deliver more complex pricing changes. Working closely with technical pricing models (risk and demand), for use within pricing recommendations and analysis Work with and support the design and implementation of new technologies – including cloud-based data warehouses, data-visualisation products, and new pricing software for the business Taking accountability for the quality of your own work and pricing recommendations. Person Specification: We are looking for an individual who is highly analytical, driven and detail orientated with a passion for excellent execution. You will need to be articulate and exhibit a track record of good decision-making skills, working under pressure and to tight deadlines, with an ability to quickly understand problems and create and implement solutions. Our must haves: Graduate-level education or Practical application of in-depth statistical skills Good general knowledge of data analysis tools such as Excel and SQL High level of numeric competence and excellent data gathering and manipulation skills Strong analytical pragmatic reasoning skills and an aptitude for innovative problem solving Excellent communication skills with ability to articulate the complex to technical and non-technical audiences Deadline oriented, hardworking, curious, passionate, enthusiastic and a self-starter Our nice to haves: Knowledge of programming and statistical tools such as Python, Emblem & SAS Seeking or attained relevant professional qualifications Diversity and flexible working at Hiscox At Hiscox we care about our people. We hire the best people for the job, and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role. We’ve introduced new hybrid ways of working to encourage a healthy work life balance. We anticipate the successful candidate for this role will be in the office up to 2-3 days per week. Our London office will be your hub where team & collaboration time will take place. We see it as the best of both worlds: structure and sociability on one hand, and independence and flexibility on the other. Work with amazing people and be part of a unique culture If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us. If this is your first time visiting our career site and you wish to stay in touch please select the 'Introduce yourself' button on the top right. This will allow us to contact you with suitable vacancies. If you are a returning prospect and wish to view our current vacancies please Search for Jobs using the link on the top right. We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.

Responsibilities

The Pricing Analyst will support the design of pricing changes and undertake pricing projects to influence the growth of various insurance lines. This role involves collaborating with senior stakeholders and producing analysis to drive changes aligned with business strategy.