Pricing Analyst

Location: Send
£Attractive - depending on experience

REPORTING TO

Motor Pricing Manager

OVERALL PURPOSE OF JOB

Support delivery of business and financial targets, in particular the budgeted motor sales, revenue and profit volumes, through high quality analysis and forward-moving changes.

KEY DUTIES & RESPONSIBILITIES

Pricing and Underwriting

• Proactively identify pricing & underwriting opportunities and make recommendations to exploit them.
• Present results of analysis effectively and influence decision making panels.
• Maintain robust pricing processes including rate change history, logs, specs, formal test plans.
• Gain & maintain familiarity with Key Performance Indicators (KPI) and rate changes, past & present.

Analysis and Reporting

• Carry out necessary and sufficient analysis to make informed decisions on pricing & underwriting.
• Use SAS and spreadsheet modeling to monitor profitability and competitiveness and to answer business questions.
• Detailed statistical pricing analysis of customer and product data.
• Customer profiling and segmentation.
• Analysis of fraud.
• Product profitability and lifetime value modeling.
• Exploration of additional data sources.
• Audit of effectiveness of processes.
• Ensure timely delivery of accurate KPI reports.
• Provide clear data requirements to IT Services to ensure a consistent and accurate supply of data which satisfies all motor underwriting requirements.

Rating Development

• Enhance and maintain the rating algorithm and the business acceptance criteria logic.
• Plan, implement & test all rate changes. Arrange & progress comprehensive testing by others as necessary.

How To apply