Pricing Analyst

Overview

This range is provided by WNS. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Our commitment to our people has spurred a culture where leaders are empowered to make decisions and people are able to succeed in a supportive environment that rewards ambition. Do you want to be part of the success story?

We are looking for a Pricing Analyst to develop outstanding pricing solutions across Commercial Insurance. This would encompass analysis of internal and external data to provide customer insights; working in a dynamic environment across the pricing family; delivering recommendations to varied stakeholders; remove blockages to performance; escalate issues; and look for ways to improve and simplify processes. The role is within Insurance Product and Portfolio which varied range of Long Tail and Short Tail products. The role will work to deliver the Commercial insurance strategy and will execute a program of work focussed on delivering against a dynamic and optimal P&L in the short, medium & long-term using hands-on pricing analysis and modelling.

Key Accountabilities

• Development of pricing frameworks for improved risk selection to achieve business goals.
  
• Develop pricing recommendations and proposals designed to closely align pricing strategy to each of the brand's budget and implement price changes timely and accurately within the business/function.
  
• Monitor key performance metrics for various pricing factors within designated portfolios
  
• Deliver insights and end-to-end pricing initiatives by working with Pricing, Portfolio, Actuarial, Finance, Claims and Distribution.
  
• Assist the Senior Pricing Advisors, Pricing Managers & Team members to make required pricing recommendations, implement and monitor them accurately.
  
• Provide technical support on model methodologies and their implementation.
  
• Adopt a customer focus in the delivery of internal /external services.
  
• Promote innovation through improving current processes and developing new pricing methods and factors. Identify, investigate and introduce additional rating factors with the objective of improving product risk and location selection in order to maximise profit.
  
• Perform analysis and ensure it is closely aligned to Pricing targets and Portfolio strategy.
  
• Prepare and review pricing papers before communication to key stakeholders
  
• Ensure compliance processes are followed during rate implementation and testing
  
• Take responsibility for personal development plan and professional learning goals.
  

Key job requirements
Qualifications

• A relevant degree in IT, Mathematics, Science, Business, Actuarial Studies field is desired
  

Experience

• 1+ years appropriate industry experience in Insurance, Finance, or Statistical Modelling is highly preferred
  

Key Capabilities / Technical Competencies

• Proven ability to engage in a team to achieve individual, team and divisional goals.
  
• Ability to exhibit Intellectual Curiosity, Personal drive, passion and Resilience
  
• Automation focused to improve efficiency
  
• Basic knowledge of finance, understanding of key business drivers, with the ability to interpret and analyse reports relevant to area of responsibility.
  
• Analytical skills - ability to develop solutions and courses of action by using an information base to identify key issues, compare with other data and determine cause-effect relationships.
  
• Knowledge and experience in using SAS, Excel, R, modelling and other programming languages such as Python, C, VB is advantageous.
  
• Problem solving – ability to seek out information and break down problems and situations into simple lists of components. Ability to make decisions, be creative in ambiguous situations
  
• Communication skills - strong ability to convey and explain information, coherently and confidently both oral and written.
  
• Time management skills – prioritisation of work without supervision.
  

Seniority level

• Entry level
  

Employment type

• Full-time
  

Job function

• Analyst
  
• Industries: Insurance
  

Location: Sydney, New South Wales, Australia

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