Risk Pricing Analyst

Last updated 4 days ago
Location:West Yorkshire
Job Type:Full Time

End Date

Thursday 04 March 2021

Salary Range

£34,425 - £38,250

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Agile Working Options

Other Agile Working Arrangements / Open to Discussion

Job Description Summary

To produce and analyse highly specialised and strategically sensitive information to aid the pricing of general insurance products, in order to achieve key business objectives. Role will be split between Risk Pricing and Weather Modelling teams.

Job Description

Key Accountabilities:

  • Carry out statistical insurance analysis of general insurance products
  • Deliver high quality exhibits in a timely fashion
  • Maintain an in-depth level of technical knowledge of general insurance products.
  • Produce management information and supporting analysis relating to product performance, portfolio mix, regularly or ad-hoc, for use by LBG GI Senior Management.
  • Understand Key Performance Indicators/ Key Risk Indicators and support the monitoring and delivery of such.
  • Assist in maintaining and monitoring departmental databases.
  • Achieve targets/metrics as defined by the business.
  • Ensure that modelling adheres to model development and peer review standards
  • Produce management information and supporting analysis on weather events

  • Run weather risk models to provide updated data and reports

  • Support ad-hoc requests for weather model data

Key Capabilities, Knowledge, Skills and Experience:

  • Strongly numerate with analytical skills (to degree standard or equivalent experience)
  • Data extraction & manipulation skills
  • Displays attention to detail and accuracy
  • Excellent knowledge of Microsoft Excel; good knowledge of other Microsoft Office applications
  • Good communication skills
  • Ability to manage and prioritise workload to meet business timescales
  • Experience of Machine Learning/Data Science techniques
  • Demonstrate aptitude towards statistical techniques and analytical statistical software such as SAS and generalised linear modelling
  • Ability to work under pressure both in isolation and within a team context
  • A good level of general insurance experience
  • A good level of pricing experience
  • Progression towards a relevant professional qualification
  • Demonstrate flexibility to respond to weather events

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.