Pricing Analyst

First Central Insurance Management Ltd; Manchester; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance company is seeking a Pricing Analyst to join their Retail Pricing team. In this role, you will leverage your statistical and data modelling skills to enhance pricing strategies and ensure effective decision-making. Ideal candidates possess a strong analytical mindset and are experienced with tools like SQL, Databricks, and Python. You will play a pivotal role in refining predictive models and providing critical insights to improve profitability and customer satisfaction.

Benefits

Flexible working conditions

Employee recognition programs

Training and development opportunities

Qualifications

• Experience with data modelling and analytical techniques.
• Strong understanding of statistical methods.
• Good communication skills, both verbal and written.

Responsibilities

• Support and develop pricing changes within the company.
• Update and maintain predictive models using statistical techniques.
• Produce business analysis reports and provide data insights.

Skills

Data modelling

Problem-solving

SQL

Databricks

Python

Statistical analysis

Education

Numerical undergraduate degree (minimum 2:1)

Tools

SAS

Excel

Emblem

Job description

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We’re 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. And that’s the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too!

Are you passionate about turning data into actionable insights? Do you thrive on solving complex problems and love working with tools like SQL, Databricks, and Python? If you’re someone who enjoys data modelling, has a sharp analytical mindset, and is eager to make a real impact through data-driven decision-making, then we’d love to hear from you!

We’re looking for someone to join our Retail Pricing team as a Pricing Analyst either working remotely or based in our Salford Quays, Manchester or Haywards Heath, West Sussex office

In this role you’ll support and develop pricing changes within First Central, validating and building confidence in the pricing algorithm as well as relevant data systems surrounding the pricing process.

You’ll support in refreshing predictive models using linear and non-linear statistical techniques; to monitor, maintain and update existing statistical models. You will solve key company questions and provide analysis, insight and competitive advantage to the company by producing recommendations, analysis and reports that maximise customer satisfaction and the profitability of the company.

We’re all about people and we’re passionate about continuous improvement, so you’ll pro-actively seek ways to improve existing processes in the Retail Pricing Team.

Developing the best talent means a lot to us too, so you’ll play a vital part in attracting graduates and other talent into the company and supporting them on their journey.

Core skills we’re looking for to succeed in the role:

• Experience working with data / data modelling
• A strong problem solving mindset
• Experience using SQL, Databricks and Python

Nice to have skills, but optional:

• Experience working with Radar
• Previous experience in the Insurance industry

What’s involved:

• Learn new tools and techniques
• Give confidence in the underlying data within the pricing algorithm
• Production of business analysis reports
• Ad hoc project work providing analysis to the business
• Maintenance of analysis programs written in SAS, RADAR, and other software packages
• Write new analysis code using SAS, RADAR, and other software packages
• Build predictive models using SAS, EMBLEM, and other software packages
• Monitor, maintain, update and improve existing predictive models
• Produce timely and accurate information for management decision-making purposes
• Apply statistical techniques including generalised linear modelling and non-linear methods to improve the performance of the company
• Liaise with other departments on data issues, business effects influencing company reports, business processes and operational issues
• Analyse business issues to find solutions to and make recommendations to improve profitability
• Present findings and results in a clear and logical manner; produce written reports
• Positive manner with ability to communicate well with all colleagues and stakeholders
• Ensure compliance with company and other relevant standards / regulations
• Travel to group locations on an ad hoc basis (currently Manchester, Gibraltar and Guernsey)
• Any other reasonable duties as required

Qualifications

• Minimum 2:1 in a numerical undergraduate discipline

Skills and experience

• Strong background in statistical methods
• Experience of personal lines insurance analysis is an advantage
• Experience of SAS, Emblem, Excel and advanced statistical techniques
• Strong mathematical skills
• Strong problem-solving skills, with the ability to adopt a logical approach to solving problems
• Excellent data and statistical analysis skills
• Strong IT skills (including Excel and ideally programming skills)
• Good communication skills, both verbal and written
• Good time management and organisation skills

Knowledge

• Broad knowledge of statistical methods and techniques
• Good knowledge of motor insurance products and the motor insurance industry is an advantage
• Solid understanding of the business objectives and operations

Behaviours

• Logical thinker with solid reasoning ability
• Commercially focussed
• Emphasis on attention to detail and accuracy
• Quick learner
• Able to transfer skills and knowledge to others
• Self-motivated and enthusiastic
• An organised and pro-active approach
• Ability to work on own initiative and as part of a team
• A flexible approach and positive attitude
• Strives to drive business improvements to contribute to the success of the business
• Takes initiative to make decisions

Are you the person we’re looking for? If so, we look forward to hearing from you. Apply today!

We pride ourselves on being a great place to work. to see what our employees think about working here.

What can we do for you?

People first. Always. We’re passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that’s what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you’ll enjoy, take a look at all our perks in full .

Intrigued? Our Talent team can tell you everything you need to know about what we want and what we’re offering, so feel free to get in touch.