Technical Pricing Analyst
Vitality
Bournemouth
4d ago

Vitality is an award winning, dynamic and vibrant financial services provider, with a ground-breaking vision for the future, where individuals are enabled to succeed and are rewarded and recognised for their contribution to our business.

Our CORE PURPOSE is to make people healthier and to enhance and protect their lives. From people to products and processes, we aspire to deliver on our purpose in everything we do.

Our VISION is to be the BEST health insurer in the UK

We are looking for talented individuals who are committed to living our values and delivering an award winning service to our customers.

Overall Job Purpose

To deliver the technical pricing strategy to ensure VitalityHealth is at the forefront of the market resulting in achievement of volume and value objectives

Accountabilities

  • Delivers the technical pricing strategy / approach to significantly enhance the technical pricing of the portfolio
  • Works closely with the Data Science team to enhance technical pricing models by implementing cutting edge statistical modelling techniques into technical pricing models, refreshing analyses at agreed intervals.
  • Works closely with the Data Science team to embed insights from Clinical Risk, the Vitality programme and external datasets into technical pricing models.
  • Delivers enhancements to our technical pricing capability through the exploration of new rating factors and micro segmentation.
  • Delivers enhancements to the customer lifetime value model, working closely with the Market Pricing team.
  • Delivers demand models, including utilising new internal and external data, refreshing analyses at agreed intervals.
  • Works closely with the Market Pricing team to understand the potential for new or revised technical pricing models to be incorporated into market pricing.
  • Presents insight to key stakeholders in the Pricing Team.
  • Builds relationships with other analysts to share best practice.
  • Essential

    Degree in mathematical / statistics based subject

    Statistical modelling experience

    Excellent verbal and written communication skills

    Strong ability to analyse problems and develop structured solutions.

    Full IT literacy including Microsoft Outlook, Word, Excel (advanced) and PowerPoint.

    Desirable

  • Member of Institute and Faculty of Actuaries (IFoA), with some exams passed
  • Experience of working in a general insurance company, ideally in pricing
  • Experience of Earnix or Emblem pricing software
  • Experience and understanding of GLMs and machine learning techniques
  • SQL skills
  • R and Python coding skills
  • Working for Vitality, you'll experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best.

    We think work should be fun and sociable, and we want our people to get the most out of every day.

    Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.

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