Senior Pricing Analyst

Vermelo RPO; United Kingdom; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading UK private insurance provider is seeking a Senior Pricing Analyst to enhance its pricing department. This role involves developing innovative pricing models, utilizing data science techniques, and collaborating with various teams to improve product offerings. The ideal candidate will possess strong analytical skills and a quantitative background, with proficiency in programming languages such as R and Python. This position offers a hybrid work environment, allowing flexibility in location.

Qualifications

• Experience in general insurance pricing.
• Knowledge of predictive modeling techniques.

Responsibilities

• Develop advanced pricing models for various accounts.
• Promote data science methods within teams.
• Automate repetitive tasks and monitor trends.

Skills

Communication

Self-motivated

Logical thinking

Innovative mindset

Education

Quantitative degree in Mathematics

Statistics

Engineering

Physics

Computer Science

Actuarial Science

Tools

R

Python

PySpark

SAS

SQL

WTW's Radar

Job description

Job Title:

Senior Pricing Analyst

Locations

Haywards Heath or Manchester (Hybrid)

Role Overview

Markerstudy Group is seeking a Senior Pricing Analyst to join its growing and dynamic pricing department across various insurance lines.

Markerstudy is a leading UK private insurance provider, insuring approximately 5% of private cars, 20% of commercial vehicles, and over 30% of motorcycles, with total premiums around £1.2 billion. The company partners with household names like Co-op, Sainsbury's, O2, Halifax, AA, Saga, and Lloyds Bank. It has also expanded through acquisitions of Co-op Insurance Services and BGLi, and is pursuing innovative pricing strategies using an award-winning insurer-hosted rating platform.

As a Senior Pricing Analyst, your responsibilities will include:

• Influencing project directions and outcomes across personal lines products.
• Developing innovative data solutions to extract insights and present data effectively.
• Building and maintaining sophisticated models using advanced data science techniques.
• Creating automated reporting structures to monitor pricing performance.

Your insights will support product and pricing improvements, providing a competitive edge in the market.

Key Responsibilities

• Develop advanced pricing models for Private Car, Commercial Vehicle, and Home accounts using traditional and data science techniques.
• Promote the adoption of data science and statistical methods within pricing and underwriting teams.
• Research and utilize new and existing data sources, identifying trends with innovative features.
• Communicate findings to decision-makers for strategic actions.
• Review performance of key accounts and collaborate with teams across departments.
• Automate repetitive tasks and monitor trends using specialized software.
• Mentor and coach team members to enhance skills and knowledge.

Key Skills and Experience

• Experience in general insurance pricing.
• Knowledge of predictive modeling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Networks, and Clustering.
• Proficiency in programming languages like R, Python, PySpark, SAS, SQL.
• Quantitative degree in Mathematics, Statistics, Engineering, Physics, Computer Science, or Actuarial Science.
• Experience with WTW's Radar software is a plus.
• Excellent communication skills, both verbal and written.

Behaviors

• Self-motivated with a desire to learn and grow.
• Logical thinker with a professional attitude.
• Innovative mindset, eager to improve processes and challenge norms.