Senior Pricing Analyst

Gerrard White; Greater Manchester; Remote; GBP 60,000 - 80,000; Full time

Job summary

A major player in the UK insurance market is seeking a Senior Pricing Analyst to develop innovative pricing models. This remote-friendly position requires expertise in general insurance pricing, statistical programming, and a quantitative degree. The ideal candidate will utilize advanced analytical skills to optimize pricing strategies and collaborate across teams to drive commercial decisions.

Qualifications

• Previous experience in general insurance pricing.
• Familiarity with predictive modelling techniques.
• Experience in statistical and data science programming.

Responsibilities

• Conduct price optimisation analysis.
• Develop customer propensity and LTV models.
• Create data solutions to present insights.
• Build sophisticated models using data science techniques.
• Communicate results to decision-makers.

Skills

Experience within general insurance pricing

Predictive modelling techniques

Statistical programming languages (R, Python, SQL)

Quantitative degree (Mathematics, Statistics, etc.)

Proficient communication skills

Education

Quantitative degree

Tools

SAS

RStudio

SQL

WTW’s Radar software

Job description

Job Title: Senior 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 Senior Pricing Analyst to help build and shape our pricing models. You will help monitor our portfolio and deliver innovative pricing solutions within the Retail Pricing team.

Joining our retail pricing team, you will be keeping a close eye on trading across different channels and insurance products. You will have previous experience in general insurance pricing and be familiar with the tools of the trade, such as SAS, Python, RStudio, SQL, Emblem and Radar. With your naturally inquisitive mindset, you will be well versed in the UK personal lines insurance space, and understand how the personal lines insurance market works. Always open to change, you have a keen eye for the continuous improvement of process.

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

• Conducting retail price optimisation analysis/modelling
• developing customer propensity and Life Time Value (LTV) models to produce the different models and SAS or SQL for data analysis
• Create innovative data solutions finding new ways to mine insight & present data
• Build and maintain sophisticated models, prioritising a range of data science techniques
• Advance the adoption of data science & statistical techniques
• Communicate results to key decision makers across the business for action based on the results of pricing analysis
• Collaborate with peers in pricing, underwriting and data science
• will generate insight to help make commercial decisions and strategic changes to prices to meet budget requirements.

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 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

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.