Actuarial Pricing Analyst

Actuarial Pricing Analyst

Hybrid working with up to 3 days per week working from home

Locations: Angel Court London, Salford Quays Manchester, Staines or Brighton

Permanent

Salary: £44,900 - £56,100

Full time: 37.5 hours per week

We make health happen

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. This gives them the time and freedom to keep our customers at the heart of every decision.

As our Actuarial Pricing Analyst, you’ll play a vital role in supporting the development of new products and benefit features, as well as supporting the pricing of any relevant new product or benefit changes.

How you’ll help us make health happen

The Pricing Analyst is a key role supporting both Bupa's UK Insurance and Bupa Global business units. You will be part of the pricing projects team, responsible for providing pricing support to a wide variety of projects across the business.

This includes our flagship pricing project that seeks to deliver a pricing revolution by developing cutting-edge predictive models and implementing a new Rating Engine to support our pricing ambitions. You will help develop innovative ways of pricing and provide analytical insight that will help Bupa achieve its goals.

The pricing team is responsible for developing and delivering the pricing strategy in support of Bupa's strategic goals. Tasks that you will be required to carry out include:

• Working closely with colleagues in other teams such as Sales, Finance, Product & Proposition, IT, Clinical Policy and Healthcare Analytics on a range of projects and initiatives.
• Extracting, refining, and enriching data.
• Developing predictive models.
• Researching new modelling techniques.
• Advanced analytics of customer behaviour, customer risk and model performance.
• Modelling and assessing the impact of new pricing strategies.
• Competitor pricing analysis.

Key Skills / Qualifications needed for this role

The role holder is expected to have the following experience and qualifications:

• Previous pricing experience in Health or GI markets.
• Radar experience is ideal. SAS, Python and Emblem knowledge.
• Strong numerical and analytical skills demonstrated through previous experience.
• Excellent communication skills, including the ability to present technical information and ensure it is understood by various stakeholders.
• Adaptability to handle a wide variety of different projects and prioritise and manage multiple tasks.
• A good understanding of Machine Learning techniques in the insurance market would also be beneficial.

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 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.

Bupa takes pride in being a Level 2 Disability Confident Employer and will aim to offer an interview/assessment to disabled applicants who best meet the minimum criteria for the role. We’re committed to ensuring you’re treated fairly during the recruitment process and offer reasonable adjustments to anyone who may benefit from accommodations to the recruitment process.

Time Type: Full time

Job Area: Finance & Accounting

Locations: Angel Court, London, Bupa Place, Staines - Willow House