Technical Pricing Analyst

Job Description:

Technical Pricing Analyst

Hybrid working with up to 4 days per week working from home

Angel Court – London, Staines or Salford Quays - Manchester

Permanent

Salary up to £60K per annum dependent upon experience and location

Full time 37.5 hours per week

Working in our UK support functions you’ll play a key part in helping our customer facing colleagues deliver exceptional standards of customer service and patient care. No matter your role, you’ll have an opportunity to do work that matters. Making a difference to the lives of our customers each and every day.

Working within our Commercial Underwriting and Pricing Team you'll be an analyst within the team responsible for delivery, maintenance and improvement of technical price models that underpin analysis and pricing across UK Insurance and Bupa Global lines of business.

What you'll do:

Develop and maintain statistical & machine learning models of technical claims costs to support pricing, and deliver assets that provide insight into customer decision making behaviours, across all UKI and Bupa Global Product lines.

Monitoring our catalogue of models, ensuring assets remain relevant for business mix written, model predictions are accurate and representative of future experience, and adapting the models promptly when required.

Identify and model candidate new data resources that will further enhance our stable of Pricing models.

Monitor, analyse and interpret any internal or external information / market activity / regulatory change which may impact on future technical claims costs.

Support collaboration with the financial forecasting and clinical analytics teams to develop sophisticated claims inflation models that underpin our technical pricing models.

Build efficient processes, automating tasks where required to reduce any drag on resources.

Be curious and innovative in your analysis, challenging the status quo, and continuously develop your own their skills.

Providing analytical support and subject matter expertise to cross-functional projects

Ensure all assets produced deliver outcomes as prescribed by Pricing risk policies.

What you'll bring:

Part Qualified Actuary (IFoA) or equivalent experience

Ideally PMI pricing experience – but candidates with pricing experience in wider general insurance sectors will be considered

Extensive experience of Statistical & Machine learning model production and maintenance.

Strong numerical and analytical skills demonstrated through previous experience.

Experience with suitable data engineering, statistical and analytical tools such as SAS, SQL, Emblem, Radar and R / Python,

Proven track record of applying analytics and data modelling to business situations in order to provide strategic recommendations. Ability to refine and apply knowledge of data to solve business needs.

A proactive mindset, challenging requirements, seeing things from a customer's viewpoint and exploring new directions from results of analyses •Good communication and influencing skills.

Benefits

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.

Joining Bupa in this role you will receive the following benefits and more:

• 25 days holiday, increasing through length of service, with option to buy or sell

• Bupa health insurance as a benefit in kind

• An enhanced pension plan and life insurance

• Annual performance-based bonus

• Onsite gyms or local discounts where no onsite gym available

• Various other benefits and online discounts

Why Bupa?

We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.