Underwriting and Pricing Analyst

Company Description

This is a remote role, based in Gibraltar with occasional travel to an office. Please note, you must have the right to work in Gibraltar to be considered for this role.

Hello, we're UW 

We’re on a mission to take the headache out of utilities by providing them all in one place. One bill for energy, broadband, mobile and insurance and a whole lot of savings!

We’re aiming to double in size as we help more people to stop wasting time and money. Big ambitions, to be delivered by people like you. 

Got your attention? Read on…

About UWI

UWI is Gibraltar’s most recently authorised Insurer, owned by Utility Warehouse. We’re on a mission to offer great value Insurance, focussed primarily on owner-occupiers residing in the UK. Despite having been trading for just a few months, our insurer is already operating at financial breakeven, and we’re poised for substantial growth over the years ahead. You can find out more about our insurance products here.

We put people first. It’s all about you..

We’re looking to hire an Underwriting & Pricing Analyst to join the UWI team. We’re not looking for lots of experience but you will have learnt the basics of underwriting, data analysis, modelling & pricing in a previous role and be looking to hone your skills in a high-growth insurance business.. 

Here’s some of the key skills and attributes we’re looking for:

• You will have some experience of working in a related analytical role, ideally within the insurance industry, demonstrating a strong interest in underwriting or pricing;
• Whether through formal education or hands-on experience, you’ve developed a solid understanding of data analysis and are looking to grow your skills;
• A logical thinker with a numerate or analytical background (e.g. experience or education in areas such as Maths, Data Science, Economics, or related fields);
• Knowledge of SQL, Python, or big data tools is a plus but not required;
• Portfolio/risk modelling interests you and you want to develop this skill set further;
• Inquisitive with a passion for data and analysis
• Strong commercial acumen with an understanding of the drivers of a P&L
• Can work under guidance but enjoy autonomy
• Love working in an ever-evolving environment where you can make a tangible impact without the barriers of high levels of bureaucracy
• Have a talent for making complex concepts easy for others to understand
• Are an empathetic team player who values diverse perspectives and contributions in collaborative environments
• Embrace iteration, high-paced delivery, and are comfortable with change

We welcome those with diverse backgrounds, and whether you’re early in your career or changing fields, we’d love to hear from you.

We work together. Your team and the people you will work with…

You’ll be joining a small, growing team of Finance and Insurance experts. This role reports to the Head of Finance and will work closely with CEO and Head of Compliance for UWI as well as the wider Insurance team at Utility Warehouse.

We deliver progress. What you’ll do and how you will make an impact.

As an Underwriting and Pricing Analyst you will be a key player in delivering a substantial and growing insurance portfolio by providing detailed insights and analysis. You will use your commercial and modelling skills to help optimise our margin capture across the insurance portfolio and support the team in highlighting commercial risks via sensitivity and scenario analysis. 

Here’s what you’ll do on a day to day basis in this role:

• Develop & implement underwriting and price changes using tools such as Willis Towers Watson EMBLEM and Radar;
• Data gathering, analysis and modelling for Pricing, Consumer Duty and Product performance assessments;
• Sensitivity & scenario analysis for forecasting and risk management purposes;
• Develop pricing & margin optimisation, building and enhancing models and pricing methodologies;
• Competitor information gathering & analysis;
• Providing insight, analysis and trends on the customer portfolio to senior management for decision making;
• Develop and implement rate changes using tools such as Willis Towers Watson EMBLEM and Radar;
• Work closely with colleagues and other areas of the business to support overall business needs.

So why pick UWI?

We’ve got big ambitions so there’s going to be plenty of challenges - you’ll be directly contributing to the growth of the organisation and working alongside a CEO and insurance experts. There’s some key benefits as well:

• An industry benchmarked salary. We’ll share it with you during your first conversation
• Remote working from your home in Gibraltar with the opportunity to meet up with the team in a coworking space as needed
• Family-friendly policies designed to help you and your family thrive
• Belonging groups that help UW shape an even more inclusive future
• A commitment to helping you develop and grow in your role.

Additional Information

Not sure you meet all the requirements? Let us decide! Research shows that women and members of other underrepresented groups tend not to apply for jobs if they think they may not meet every qualification, when in fact they often do.

We provide equal opportunities, a diverse and inclusive work environment, and fairness for everyone. You are welcome to apply no matter your age, disability, gender, marriage or civil partnership status, pregnancy and maternity status, race, religion or belief, or sexual orientation. Please don’t be afraid to ask about what we can do to support your needs. All requests will be carefully and fairly considered.

Please note, if you are applying for a role which involves having access to personal data, you will be subject to a background check. Where checks are unsatisfactory or incomplete and/or a failure to reveal information relating to convictions that you are required to identify as part of the background checks, could lead to withdrawal of an offer of employment.