Data Scientist

Markerstudy Group; Peterborough; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the UK's insurance sector seeks a mid-senior Data Scientist to enhance pricing models through advanced analytics and machine learning. This role, based in Peterborough with hybrid options, offers an environment of collaboration and growth, essential for implementing innovative strategies in insurance pricing. Candidates should have strong skills in Python or R, teamwork capabilities, and a relevant academic background, driving effective solutions for business challenges.

Benefits

Flexible working model

25 days annual leave plus bank holidays

Health Cash Plan

Discounts and cashback on shopping

Life Assurance (4x salary)

Qualifications

• Proficiency in Python or R and related libraries.
• Ability to work in a team and communicate effectively.
• Relevant degree preferred.

Responsibilities

• Develop understanding of Motor and Home insurance pricing.
• Lead R&D projects for machine learning models.
• Collaborate with Technical Pricing Team.

Skills

Python

R

Data manipulation

Machine learning

Advanced analytics

Statistical techniques

Communication

Education

Degree in mathematics, computer science, or statistics

Job description

Company:

BGLi (part of the Markerstudy Group)

Job title:

Data Scientist (mid-senior)

Location:

Peterborough (hybrid working)

Role Overview

The role of a data scientist in the pricing science team involves exploration and support. Data scientists or Pricing Science teams are responsible for introducing new techniques and approaches into our price modelling process, maintaining the tools used by the pricing teams, and contributing to the development of our tech infrastructure. They may also collaborate with third-party partners to develop new products outside of pricing, such as risk or customer behaviour scores.

Key Accountabilities & Responsibilities

• Develop a strong understanding of how we price Motor and Home insurance products
• Identify areas for process and practice improvements
• Lead research and development projects to enhance machine learning models' performance and efficiency
• Collaborate with the Technical Pricing Team to identify business problems and suggest solutions
• Work with current tools primarily based on R and Python
• Maintain existing tools and platforms in collaboration with other data scientists
• Work with other data scientists

Skills, Experience, and Knowledge

• Proficiency in Python or R, including relevant data science and statistics libraries
• Knowledge of data manipulation, machine learning, advanced analytics, and statistical techniques
• Strong communication skills, both written and verbal
• Ability to collaborate effectively within a team
• Degree in a relevant discipline (e.g., mathematics, computer science, statistics) is advantageous
• Experience in insurance or financial services is advantageous

Why us?

Markerstudy Insurance Services Limited (MISL) is one of the UK's largest Managing General Agents, specializing in niche motor cover with a strong market presence. Our success is driven by our underwriting strategy and skilled technicians who make empowered decisions. We work exclusively through UK insurance intermediaries, with products featured on major comparison sites.

What we offer in return?

• A collaborative environment
• Hybrid/Flexible working model
• 25 days annual leave plus bank holidays, with options to buy additional days
• Health Cash Plan
• Discounts and cashback on shopping, dining, travel, and more
• Life Assurance (4x salary)