Principal Pricing Analyst

Vermelo RPO; Manchester; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company in the insurance sector is seeking a Principal Pricing Analyst to enhance its rapidly growing pricing department. This role involves utilizing advanced analytical skills and market-leading tools to provide actionable pricing solutions, while coaching team members and maximizing commercial outcomes. Ideal candidates will possess extensive experience in insurance pricing, statistical analysis, and strong communication skills, along with the ability to thrive in a fast-paced environment.

Qualifications

• Previous experience within general insurance pricing.
• Familiarity with predictive modeling techniques: Logistic Regression, GBMs, Decision Trees.
• Experience with statistical programming languages.

Responsibilities

• Influence pricing direction & project outcomes.
• Develop predictive models and pricing strategies.
• Communicate pricing proposals effectively to stakeholders.

Skills

Predictive Modeling

Data Science Programming

Analytical Skills

Statistical Analysis

Communication

Education

Good Quantitative Degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)

Tools

WTW Radar

R

Python

SQL

Job description

Job Title:Principal Pricing Analyst

Locations: Manchester (flexible)

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 is to maximise Atlanta’s ability to meet its strategy and annual plan but should also influence that strategy through regular identification of opportunities to Pricing Managers, Head of Pricing and Executive Committee. This role requires a large element of coaching team members and championing best practice across the department.

Reporting to the Head of Pricing, 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 and Atlanta.

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 willuse your advanced analytical skills to:

Be a key stakeholder influencing the direction & outcome of projects
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Provide technical leadership on WTW toolkit (in particular Radar Optimiser) to drive forward effective and efficient solutions
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Provide thought leadership on optimisation and modelling concepts
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Research, develop and champion the use of best practice methods and standards and ensure they are embedded throughout the department
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Lead the development of the Groups pricing capability
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Query large databases to extract and manipulate data that is fit for purpose
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Oversee and assist in the development and implementation of the market leading methodologies you've identified
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Deliver regular management information on specific KPI's relating to Atlanta's performance
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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
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Experience with some of the following predictive modelling techniques; Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets and Clustering
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Experience in statistical and data science programming languages (e.g. R, Python, PySpark, SAS, SQL)
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A good quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)
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Experience of WTW’s Radar software is preferred
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Proficient at communicating results in a concise manner both verbally and written

Behaviours:

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

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Job Overview

ID:

1596960

Date Posted:

Posted 2 days ago

Expiration Date:

05/08/2025

Location:

Manchester

Competitive

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