Senior Pricing Analyst

Job Title: Senior Pricing Analyst

Locations

Haywards Heath or Manchester (Hybrid)

Role Overview

Markerstudy Group is seeking a Senior Pricing Analyst to join a rapidly growing and developing pricing department across various insurance lines.

Markerstudy is a leading UK private insurance provider, insuring approximately 5% of private cars, 20% of commercial vehicles, and over 30% of motorcycles, with total premiums around £1.2 billion. The company partners with household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga, and Lloyds Bank, and has a significant direct market presence.

Following acquisitions of Co-op Insurance Services in 2021 and BGLi in 2022, Markerstudy is pursuing innovative pricing techniques using an award-winning insurer-hosted rating platform, challenging traditional processes.

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

• Influence project directions and outcomes across personal lines products
• Create innovative data solutions to extract and present insights
• Build and maintain sophisticated models using data science techniques
• Develop automated reporting structures to monitor pricing performance

Working closely with retail or technical pricing teams and underwriting, your insights will help improve products and pricing strategies, giving Markerstudy a competitive edge.

Key Responsibilities:

• Develop advanced pricing models combining traditional and data science techniques for Private Car, Commercial Vehicle, and Home accounts
• Promote the adoption of data science and statistical techniques within pricing and underwriting
• Research and utilize new and existing data sources, identifying trends with innovative features
• Communicate results effectively to decision-makers for actionable insights
• Monitor performance of key accounts and adjust strategies accordingly
• Collaborate with pricing, underwriting, and data science teams
• Automate repetitive tasks to improve efficiency
• Use specialist software to track trends and assess pricing proposals
• Mentor and coach team members

Key Skills and Experience:

• Experience in general insurance pricing
• Knowledge of predictive modeling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering
• Proficiency in programming languages like R, Python, PySpark, SAS, SQL
• Quantitative degree in Mathematics, Statistics, Engineering, Physics, Computer Science, or Actuarial Science
• Experience with WTW’s Radar software is advantageous
• Excellent communication skills, both verbal and written

Behaviours:

• Self-motivated with a desire to learn and grow
• Logical thinker with a professional and positive attitude
• Passionate about innovation, process improvement, and challenging norms
• Good personality and sense of humor