Pricing Advisory

Job Summary: Pricing Advisory at Guidewire Software

Guidewire Software is seeking a highly motivated and experienced Pricing Advisory professional to join their team. This pivotal role involves empowering insurance pricing teams among Guidewire's diverse client base to elevate their pricing strategies and operations. The successful candidate will leverage deep industry expertise to consult on best practices, advanced analytical methods, and seamless technological integration, driving sophistication and effectiveness in client pricing functions.

Key Responsibilities

• Client Consultation: Work directly with client pricing teams, assessing current capabilities, identifying sophistication gaps, and recommending actionable improvement strategies.
• Strategic Development: Assist clients in crafting advanced pricing models, integrating new data sources, and optimizing rate-setting methodologies.
• Implementation Support: Guide clients through the successful implementation of cutting-edge pricing tools, software, and analytical frameworks.
• Knowledge Transfer: Lead workshops and training sessions for client teams on advanced pricing techniques, regulatory compliance, and evolving market dynamics.
• Stakeholder Management: Present findings and strategic recommendations to senior stakeholders, translating complex analytical insights into clear, business-focused outcomes.
• Travel: Travel frequently to client locations to deliver impactful consulting services.

Qualifications

The ideal candidate must demonstrate a strong background in insurance pricing.

• Minimum of 3+ years, and ideally 5+ years, of direct experience within a P&C insurance pricing team.
• Proven track record of developing and implementing complex pricing models, including GLMs and machine learning techniques.
• Experience in consulting or advisory services is a significant advantage.

Skills and Attributes

• Analytical Excellence: Superior quantitative and analytical skills with proficiency in pricing software; experience with statistical packages for programming languages is a plus.
• Communication: Exceptional verbal and written communication skills are essential for client and stakeholder interactions.
• Multilingualism: The ability to speak multiple languages is a huge advantage due to Guidewire's international client base.
• Travel: Willingness and ability to travel frequently (approximately 30%) to client sites.
• Problem-Solving: A proactive and strategic approach to overcoming complex business and technical challenges.

The Main Challenge

The core challenge for the Pricing Advisory professional is to successfully guide client pricing teams in enhancing their sophistication. This involves transitioning teams beyond traditional actuarial methods to embrace modern data science techniques, real-time pricing, and advanced portfolio management, all while adeptly navigating intricate regulatory constraints and managing organizational change.

About Guidewire

Guidewire is the trusted platform for P&C insurers globally, enabling them to engage, innovate, and grow efficiently. By combining digital, core, analytics, and AI, Guidewire delivers its platform as a cloud service to over 540 insurers across 40 countries. Guidewire is known for its unparalleled implementation track record, extensive R&D team, and robust partner ecosystem.

Key skills/competency

• Insurance Pricing
• Actuarial Science
• Pricing Models (GLMs)
• Machine Learning
• Data Analysis
• Consulting
• Strategic Development
• Stakeholder Management
• P&C Insurance
• Software Implementation