Pricing Analyst

Markerstudy Group; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Markerstudy Group is seeking a Portfolio Pricing Analyst to drive innovative pricing strategies within their personal lines underwriting team. This hybrid role will leverage analytical skills and modeling techniques to enhance pricing models, support profitability targets, and contribute to the overall strategic direction of the company in a rapidly evolving insurance market.

Qualifications

• Experience in Personal Lines Pricing is advantageous.
• Experience with predictive modeling techniques required.
• Proficient in statistical programming languages.

Responsibilities

• Monitor portfolio and deliver pricing solutions.
• Design and support performance monitoring framework.
• Contribute to pricing cycle and market analytics.

Skills

Predictive modeling

Analytical skills

Statistical programming

Commercial acumen

Education

Degree in relevant field

Tools

R

Python

SQL

SAS

WTW’s Radar

Job description

Get AI-powered advice on this job and more exclusive features.

Direct message the job poster from Markerstudy Group

Location: The role is hybrid and would require you to be commutable to either Manchester, London or Haywards Heath

Role Overview

We have an exciting new role available for a Portfolio Pricing Analyst to join our team within our rapidly growing personal lines underwriting. It’s the perfect opportunity for someone looking to progress with a fast-growing company and make their mark on shaping our pricing models.

As a Pricing Analyst, you will use your advanced analytical skills to:

• Monitor our portfolio and deliver innovative pricing solutions,
• Use a blend of predictive analytics and commercial acumen to distil key trends and identify pricing actions,
• Contribute to the profitability of the products by meeting loss ratio targets and protecting capacity providers’ financial results by balancing product volume and profitability

The Pricing portfolio management team is responsible for developing new modelling techniques and processes and building and refreshing the risk models that underpin our rates that need to operate effectively in the aggregator channels.

Key Responsibilities:

• Support the design, development and implementation of a robust and innovative performance monitoring framework
• Contribute to the continuous pricing cycle including development and deployment of tactical pricing initiatives, price optimisation proposals and price change opportunity & impact analytics.
• Work closely with the Underwriting team on risk appetite, product development and innovation supporting progression by providing performance and market analytical insight.
• Work closely with the Technical Modelling team on peril risk cost models ensuring product performance dynamics are suitably captured and fed back in technical models.
• Contribute to delivery of the pricing roadmap in line with the vision and long-term goals of the company.

Key Skills and Experience:

• Previous experience within Personal Lines Pricing is advantageous
• Experience with some of the following predictive modelling techniques; Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets and Clustering
• Experience in statistical and data science programming languages (e.g. R, Python, PySpark, SAS, SQL)
• Experience of WTW’s Radar and Emblem software is preferred
• Proficient at communicating results in a concise manner both verbally and written

Behaviours:

• Self-motivated with a drive to learn and develop
• Logical thinker with a professional and positive attitude
• Passion to innovate, improve processes and challenge the norm

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Insurance

Referrals increase your chances of interviewing at Markerstudy Group by 2x

Sign in to set job alerts for “Pricing Analyst” roles.

Feltham, England, United Kingdom 2 weeks ago

London, England, United Kingdom 2 days ago

Senior Pricing Analyst or Manager (Home Insurance)

London, England, United Kingdom 1 week ago

London, England, United Kingdom 4 days ago

London, England, United Kingdom 1 month ago

London, England, United Kingdom 1 month ago

Senior Pricing Analyst - Technical Home (Broker)

London, England, United Kingdom 1 week ago

Senior Pricing Analyst, Savings and Retirement – 28720

London, England, United Kingdom 23 hours ago

London, England, United Kingdom 5 days ago

London, England, United Kingdom 1 day ago

London, England, United Kingdom 1 week ago

London, England, United Kingdom 2 weeks ago

London, England, United Kingdom 3 weeks ago

London, England, United Kingdom 2 weeks ago

London, England, United Kingdom 2 days ago

Business Analyst, Energy Trading & Risk Management (ETRM) SME

London, England, United Kingdom 5 days ago

London, England, United Kingdom 2 weeks ago

London, England, United Kingdom 2 days ago

Milton Keynes, England, United Kingdom 2 days ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.