Risk Pricing Analyst

London, United Kingdom
Commercial – Pricing
Full-Time
Technology. Award-winning customer service. Bleeding-edge data ability.

Simply Business is a new type of insurance company, using all of the above  to create the best possible insurance experience for small businesses and self-employed people.

We love working here, and have even taken the number one spot in the  Sunday Times Best Company To Work For 2015 and 16 lists; we’ve stopped entering now to focus on a few bigger projects, but you get the idea.
It’s a great place towork.

There are currently over 500,000 active Simply Business insurance policies in the UK alone. And we have offices in London, Northampton and Boston,USA.

Talking of offices, ours are bright, airy and geared up for really smart  working. We’re flexible, with plenty of remote workers coming in and out,  and we believe work and life should be hand in hand, rather than a juggling  act. So no need to worry about school pick-ups, or a horrible commute.

Our people are our most important asset, so we focus on building a working  life that helps us thrive, not stick. Join us and you’ll be part of our journey  to creating something even better, for our customers and ourselves.

Most insurance businesses have risk functions that calculate frequency and severity of future losses.

Some insurance businesses have risk functions that look into the latest data, utilising the latest techniques and building fantastic tooling to ensure their understanding of risk is at the forefront of the industry.

Few organisations can leverage these tools and insight to truly transform customers’ experiences, making our insurance valuable for those buying whilst profitable for both our business and our insurer partners.

As a Risk Pricing Analyst you will:

    • Be exposed to a range of exciting opportunities to develop your skills as we look to add sophistication to our pricing models by applying a mix of traditional and advanced pricing techniques
    •  Support the wider team by contributing to the delivery of core rate reviews, as well as analyses to monitor and improve the existing models
    • Develop pricing recommendations and new pricing concepts that will assist in maintaining the MGA’s competitive position without adversely affecting underwriting profitability
    • Evaluate new product propositions in order to identify potential profitability and recommend an appropriate price position
    • Support the underwriting team in footprint reviews, providing recommendations for price changes required or the appropriate price point when moving into new areas

Responsibilities include:

    • Monitoring and analysing the performance and profile of the MGA’s portfolio from a risk perspective
    • Identifying and monitoring market trends
    • Ensuring adequate tests and controls are in place to prevent rating errors
    • Contributing to the production and maintenance of risk pricing models
    • Innovating, developing and recommending new and enhanced management information
    • Supporting the Head of Risk Pricing and Risk Pricing Manager
    • Participating in internal and external meetings where required

What we’re looking for:

    • A highly numerate and proactive candidate
    • Experience in a statistical role within insurance
    • Understanding of pricing software (experience in using Earnix or Emblem will be an advantage)
    • Excellent analysis skills, with the ability to transform data into actionable intelligence (experience using SQL will be an advantage, but isn’t required)
    • Capacity to learn new software tools for data manipulation and statistical modelling
    • Self-motivation, with the ability to work on own initiative and to deadlines
    • Ability to work with with and influence colleagues at all levels of the business
    • Ability to present statistical information in a manner suited to the target audience
What are the benefits?

There’s all the serious (but important) stuff we call ‘core benefits’. On top of that, you can pick and choose from the more exciting options we offer – whether it’s a full gym membership or gym subsidy, comprehensive private health cover, extra holiday, or a National Trust pass. 

The ‘core’ stuff
Some of these will kick in once you’re confirmed in post, but here’s the summary:
• a salary that reflects your experience, our pay policy and the market we’re in from your first day, generous annual leave
• life assurance (financial cover for your family, should the worst happen)
• a cash plan to reimburse your everyday medical expenses
• an extra day off if you get married or move house
• an automatic enrollment pension (employer-matched at 5%) 

The fun stuff
Passed probation? Time to pick and mix from things like:
• a full gym membership
• private medical insurance
• extra days annual leave
• shopping vouchers
• dental insurance
• travel insurance

But there’s so much more to Simply Business than insurance and memberships. We also commit to flexible working options, smart working (our offices are kitted out for you to work when and how you choose), cycle to work, eye test vouchers, and season ticket loan schemes, and we have a handy online form to put in any training or conference requests.

Best of all, though, are the groups, clubs, and adventures that come with the Simply Business territory. Forget a simple Give As You Earn scheme (although we’ve got that too) – we trek the Sahara for charity, take you on weekends away, throw epic summer parties, and meet up for book groups, public speaking coaching, yoga, manicures, beer brewing, and lots, lots more.

Our values

Everything we do comes down to these five values – empowerment, authenticity, simplicity, learning and pioneering.

In practice, these will mean something unique to every  person at Simply Business, but if you’re considering working here, give them some thought. They’re at the heart of our story.

Empowerment
We believe in our people and the positive impact they can have so we enable everyone to stretchthemselves

Authenticity
We celebrate diversity, avoid jargon and genuinely care about helping small businesses thrive

Simplicity
We attempt to simplify complex solutions to save our customerstime andeffort

Learning
We’re never done learning about new possibilities and act to explore them

Pioneering
We’re obsessed with finding new ways to create even better  experiences