Senior Pricing Analyst

Thinkways Software Technologies Pvt. Ltd.; Haywards Heath; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the UK insurance sector is seeking a Senior Pricing Analyst to enhance their pricing strategies. The role involves developing advanced pricing models, collaborating with various teams, and utilizing innovative data solutions. Ideal candidates will have a quantitative degree and experience in insurance pricing, alongside proficiency in programming languages like R and Python.

Qualifications

• Experience in general insurance pricing.
• Knowledge of predictive modeling techniques.

Responsibilities

• Develop advanced pricing models using data science techniques.
• Communicate findings effectively to decision-makers.
• Collaborate with pricing and data science teams.

Skills

Communication

Self-motivation

Logical Thinking

Innovative Mindset

Education

Quantitative Degree

Tools

R

Python

SAS

SQL

PySpark

Job description

Join to apply for the Senior Pricing Analyst role at Thinkways Software Technologies Pvt. Ltd.

Job Title:

Senior Pricing Analyst

Locations:

Haywards Heath or Manchester (Hybrid)

Role Overview

Markerstudy Group is seeking a Senior Pricing Analyst to join its growing pricing department across various insurance lines. Markerstudy is a leading UK insurer, covering 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 well-known brands such as Co-op, Sainsbury's, O2, Halifax, AA, Saga, and Lloyds Bank, and has recently expanded through acquisitions.

As a Senior Pricing Analyst, your responsibilities will include:

• Influencing project directions and outcomes across personal lines products.
• Creating innovative data solutions for insight and presentation.
• Building and maintaining sophisticated models using data science techniques.
• Developing automated reporting structures to monitor pricing performance.

You will work closely with retail pricing and underwriting teams, providing insights to improve products and pricing strategies in a competitive market.

Key Responsibilities

• Develop advanced pricing models using traditional and data science techniques for various accounts.
• Promote the adoption of data science and statistical techniques within the team.
• Research and utilize new data sources, identifying trends with innovative features.
• Communicate findings effectively to decision-makers for strategic actions.
• Review performance metrics of key accounts.
• Collaborate with pricing, underwriting, and data science teams.
• Automate repetitive tasks to improve efficiency.
• Use specialized software to monitor trends and assess pricing impacts.
• 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 (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science).
• Experience with WTW's Radar software is a plus.
• Excellent communication skills, both verbal and written.

Behaviours

• Self-motivated with a desire to learn and grow.
• Logical thinker with a positive attitude.
• Innovative mindset, eager to improve and challenge norms.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance