Actuarial Pricing Analyst

Actuarial Pricing Analyst

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

Staines or Angel Court, London

Permanent

Circa £45K per annum dependent upon experience

Full time 37.5 hours per week

We consider all types of flexibility, including locations, hours and working patterns.

Our Actuarial teams play a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area we believe in allowing our colleagues to work in a way that suits them. Giving them the time and freedom to keep our customers at the heart of every decision.

As one of our Actuarial Pricing Analysts you'll get to learn everything about pricing and will be able to enjoy clearly defined career progression.

This role is in Bupa's UK Insurance business and you'll be part of the actuarial team responsible for the pricing and analytics for one or more of our insurance products. We're responsible for developing and delivering the pricing strategy in support of Bupa's strategic goals. This will involve the analysis of the historical performance of the existing portfolio, identifying the drivers of trends and outcomes, putting forward recommended pricing actions, and modelling the likely future impact of these actions. In all of this work there will be a clear focus on treating customers fairly and ensuring good outcomes for them.

You’ll support the development of new products and benefit features and support the pricing of any relevant new product or benefit changes. You’ll also be carrying out analysis and investigations of an actuarial nature, covering topics such as new business conversion rates, retention, competitor pricing, customer complaints and decision-making, expense allocation and long-term profitability by customer segment.

A typical day will involve extracting, refining and enriching data, building and running models using advanced analytical techniques, interpreting results and providing insight and recommendations. Work will be documented in line with the Technical Actuarial Standards and you'll contribute to the drafting of reports and presentations for consumption by senior stakeholders.

You will work closely with colleagues in other teams such as Sales, Finance, Customer Insights, Product & Proposition, Clinical Policy and Healthcare Analytics on a range of projects and initiatives. You'll also work with our colleagues in the Actuarial Technical Hub to understand claims inflation and its impact on product performance, and to ensure that the impact of our pricing work is taken into account in reporting and planning.

Qualifications, skills and experience

• Experience in pricing in general insurance or health markets is desirable.
• Practical knowledge of some of the following types of models: Generalised Linear Modelling or machine learning; econometrics such as price optimisation; lifetime value value modelling.
• Strong numerical and analytical skills demonstrated through previous experience.
• Strong communication skills, including the ability to present technical information  and ensure it is understood by various stakeholders.
• Advanced PC skills including Excel, Word, and PowerPoint.
• Experience with SAS, Emblem and Radar desirable.
• Experience with R would be an advantage.
• Good progression towards the IFoA qualification (or equivalent) would be an advantage.

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 per year, pro rata to your contract.

• Access to a range of services to support your physical and mental wellbeing

• Fixed term benefits allowance

• Access to our confidential employee assistance programme

• Workplace pension

• Online discounts covering your everyday shopping, entertainment, eating out and more.

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.

We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve.  That’s why we especially encourage applications from people with diverse backgrounds and experiences.

As a Disability Confident employer, we offer a guaranteed interview for every disabled applicant who meets the minimum criteria for the job. We’ll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.

Time Type: Full time

Job Area: Finance & Accounting

Locations: Staines - Willow House