Technical Pricing Manager
Bupa, Staines-upon-Thames, Surrey
Technical Pricing Manager
£90000
Bupa, Staines-upon-Thames, Surrey
- Full time
- Permanent
- Onsite working
Posted 1 week ago, 11 Dec | Get your application in now before you're too late!
Closing date: Closing date not specified
job Ref: 5b9298773f9a481ab9b92000136760c6
Full Job Description
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 our Technical Pricing Manager you'll be pivotal in managing a team responsible for delivery, maintenance and improvement of technical price models that underpin analysis and pricing across Bupa's UK Insurance and Global lines of business. This is a newly created role in a new team which provides the opportunity for you to put your mark on it and make it your own... What you'll do:
- Manage your team in developing and maintaining statistical & machine learning models of technical claims costs to support pricing, and deliver assets that provide insight into customer decision making behaviours, across all UKI and Bupa Global Product lines.
- Monitoring our catalogue of models, ensuring assets remain relevant for business mix written, model predictions are accurate and representative of future experience, and adapting the models promptly when required.
- Identify, source and model candidate new data resources that will further enhance our stable of Pricing models.
- Support & deliver value from our cloud migration program of Pricing Data assets.
- Monitor, analyse and interpret any internal or external information / market activity / regulatory change which may impact on future technical claims costs.
- Collaborating with the financial forecasting and clinical analytics teams to develop sophisticated claims inflation models that underpin our technical pricing models.
- Relentlessly embed efficient processes, automating tasks where required to reduce any drag on your teams resources.
- Foster an environment where your team continuously develops their skills, and encourage innovation in their analyses.
- Providing analytical support and subject matter expertise to cross-functional projects
- Evaluating the impact of new regulatory developments and making recommendations in terms of a pricing and underwriting response, ensuring all assets produced deliver outcomes as prescribed by pricing risk policies.
Qualified Actuary (IFoA) or equivalent - strong, newly qualified candidates will be considered - Ideally PMI pricing experience - but candidates with pricing experience in wider general insurance sectors will be considered
- Extensive experience of Statistical & Machine learning model production and maintenance.
- Experience with suitable statistical and analytical tools such as SAS, Emblem, Radar and R / Python,
- Proven track record of applying analytics and data modelling to business situations in order to provide strategic recommendations. Ability to refine and apply knowledge of data to solve business needs.
- A proactive mindset, challenging requirements, seeing things from a customer's viewpoint and exploring new directions from results of analyses
- Excellent communication and influencing skills, and a high performance track record in managing analytical teams.
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. Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role. We'll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them. - 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.
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: