Principal Pricing Analyst

Vermelo RPO; Cambridgeshire and Peterborough; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A prominent UK insurance company is seeking a Principal Pricing Analyst to join their growing pricing department. The role offers the flexibility to work remotely while requiring occasional office visits. Candidates should possess experience in general insurance pricing and expertise in predictive modelling techniques. Responsibilities include providing technical leadership, influencing project outcomes, and utilizing advanced analytical skills to develop pricing solutions. Communication with stakeholders is key to success in this dynamic environment.

Qualifications

• Experience in general insurance pricing is a must.
• Knowledge of predictive modelling techniques such as Logistic Regression or Neural Nets.
• Strong skills in statistical and data science programming.

Responsibilities

• Influence project direction and outcomes as a key stakeholder.
• Lead the technical aspects of pricing solutions using WTW tools.
• Research and champion best practice methods within the team.

Skills

General insurance pricing experience

Predictive modelling techniques

Statistical programming languages (R, Python)

WTW Radar software experience

Effective communication skills

Education

Quantitative degree (Mathematics, Statistics, etc.)

Tools

WTW Radar Optimiser

SAS

SQL

PySpark

Job description

Job Title: Principal Pricing Analyst

Locations: This can be a largely remote position with the occasion travel to the office closest to you. We have offices based in Manchester, Stoke, London and Peterborough.

Role Overview

Markerstudy Group are looking for a Principal Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines.

You will utilise your technical expertise, in-depth knowledge of insurance industry and market leading tools to produce creative and actionable pricing solutions. This role requires a large element of coaching team members and championing best practice across the department.

Reporting to the our Associate Director, you will make use of WTW Radar and Emblem and you will have responsibility for the development and maintenance of predictive models (GLM) and price optimisation including machine learning algorithms (GBM), LTV (Lifetime Value) and fair pricing principles. Ultimately creating value for our customers.

Bringing best in class pricing experience, you ll be expected to provide pricing proposals considering customer and commercial outcomes, communicating these in a compelling, impactful way to all levels of stakeholders to help us make the right decisions at the right times.

You ll work on multiple priorities within a fast paced, dynamic environment. You ll need to be able to manage the expectations of stakeholders alongside prioritising your workload.

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

• Be a key stakeholder influencing the direction & outcome of projects
• Provide technical leadership on WTW toolkit (in particular Radar Optimiser) to drive forward effective and efficient solutions
• Provide thought leadership on optimisation and modelling concepts
• Research, develop and champion the use of best practice methods and standards and ensure they are embedded throughout the department
• Lead the development of the Groups pricing capability
• Query large databases to extract and manipulate data that is fit for purpose
• Oversee and assist in the development and implementation of the market leading methodologies you've identified
• Continuously evaluate methodologies, understanding how they fit into the wider piece, and identify where they can be improved

Key Skills and Experience

• Previous experience within general insurance pricing
• 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)
• A quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)
• Experience of WTW s Radar software
• Proficient at communicating results in a concise manner both verbally and written

About us

Markerstudy Group is a major force in UK general insurance market, combining scale with innovation. Markerstudy Group have deep product and distribution reach through multiple brands and an experienced leadership foundation coordinating diverse and fast-evolving business units. The Group employs more than 6,000 people across the UK.