An exciting opportunity to join us as a Pricing Innovation Analyst - plan and manage the development and integration of systems and processes to deliver real change. Lead the development of new and innovative approaches for Legal & General.

Key responsibilities

The key responsibilities involve the following:

• - identifying existing and new data sources with potential predictive power for claims modelling and underwriting. Building and delivering specialist actuarial models following appropriate implementation approval.  Planning and managing the development and integration of systems and processes to deliver change;
• - identifying existing and new data sources with potential predictive power for behavioural modelling.  Delivering models following appropriate implementation approval, often at Executive level;
• - leading the development L&G’s capability to build and deploy machine-learning algorithms based on existing and new insights developed within the team.  Working towards delivery of a real-time pricing capability that enables automation of some elements of the process;
• - developing new and innovative approaches with teams across GI (e.g. Claims, Marketing and Fraud) to use cutting-edge analytics to build insight, allowing them to get the most value out of their data and make improvements to processes and customer service;
• - working effectively with the Technical Pricing team, assisting with the refresh of (generalised linear) models and sharing knowledge of machine learning techniques and building capability within the team.  Offering advice and guidance to coach and develop others so that specialist modelling skills may be developed and deployed throughout the business;
• - submitting and presenting papers on work carried out, insight gained and recommended proposals to relevant working parties and boards.  Representing the team as the key contact for machine learning and pricing innovation within GI.  Establishing and maintaining contacts internally and externally to ensure L&G remains at the forefront of actuarial pricing and analytics;
• - defining, developing and maintaining appropriate documentation to demonstrate compliance with procedures and actuarial controls to monitor and manage risk; and
• - reflecting the needs and expectations of customers aligned to L&G’s Customer Experience and TCF Policy.

Essential Qualifications

The successful candidate must have the following qualifications:

• - UK full actuarial qualification or evidence of comparable and substantial experience as an actuarial specialist working in a financial services firm.
• Essential Skills & Experience
• The successful candidate must have the following skills and experience:
• - knowledge and relevant experience of insurance actuarial modelling techniques, statistical modelling, insurance profitability drivers;
• - knowledge and relevant experience of source insurance datasets and manipulation of these.
• - knowledge and relevant experience of IT data systems, database software (eg SQL), MS-Office in particular Excel and Visual Basic;
• - knowledge and relevant experience of risk & Underwriting: Detailed understanding of pricing and underwriting techniques;
• - knowledge and relevant experience of the wider financial services market;
• - good knowledge of competitor products, pricing and performance;
• - understanding and relevant experience of product features, the sales and underwriting process and associated risks;
• - understanding of the policy administration and claims handling processes;
• - awareness of L&G Insurance, LGAS and related group functions. Good knowledge of L&G Board & Committee structure, policies, procedures and controls would be advantageous;
• - evidence of creative mindset and solution-focus in an analytical context;
• - relevant experience in analysis, statistical inference, GLMs, machine learning techniques; and
• - relevant experience in coding in SAS, R, Python or similar, delivering predictive algorithms in financial or operational contexts.

Date advert posted: 29 December 2017

Closing date: 26 January 2018

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 25 days' holiday (plus one day after two years), private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.