Senior Pricing Analyst - Modelling

Vermelo RPO; Cambridgeshire and Peterborough; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

A leading UK insurance provider seeks a Senior Pricing Analyst to leverage technical expertise in pricing solutions within a dynamic team. This hybrid role, based in Peterborough, offers the chance to influence strategies and coach team members while maintaining a cutting-edge approach to modelling and analysis.

Qualifications

• Previous experience in general insurance pricing.
• Proficient in Logistic Regression, GBMs, and Decision Trees.
• Ability to communicate results clearly.

Responsibilities

• Provide technical leadership on WTW toolkit.
• Lead development of pricing capabilities.
• Research and promote best practices in modelling.

Skills

Predictive modelling techniques

Statistical and data science programming

Communication skills

Education

Degree in a quantitative field

Tools

WTW toolkit (Emblem, Radar)

R

Python

SAS

SQL

Job description

Job Title: Senior Pricing Analyst - Modelling

Locations: hybrid working for our Peterborough Office (one day a week in the office).

Role Overview

Markerstudy Group is seeking a Senior Pricing Analyst (Modelling) to join our growing and established team.

You will be responsible for utilizing your technical expertise and in-depth knowledge of the insurance industry and market-leading tools to produce creative and actionable pricing solutions. This role aims to maximize Atlanta's ability to meet its strategy and annual plan, while also influencing strategy through regular identification of opportunities to Pricing Managers, the Head of Pricing, and the Executive Committee. A significant part of this role involves coaching team members and championing modelling best practices across the department.

As a Senior Pricing Analyst - Modelling, your key responsibilities include:

1. Providing technical leadership on WTW toolkit (particularly Emblem and Radar) to develop effective and efficient solutions that meet business requirements and add value.
2. Offering thought leadership on modelling concepts.
3. Leading and managing the development of solutions that deliver business value.
4. Ensuring quality assurance processes are followed and managing risk according to policies.
5. Researching, developing, and promoting best practice methods and standards within the department.
6. Planning, designing, and leading the development of Atlanta's pricing capabilities.
7. Maintaining extensive knowledge of statistical techniques through ongoing research to ensure a market-leading approach to analysis and modelling.
8. Assisting Pricing Managers with tactical and strategic decisions.
9. Deputising for Pricing Managers and the Head of Pricing.

Key Skills and Experience:

• Previous experience in general insurance pricing.
• Experience with predictive modelling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering.
• Proficiency in statistical and data science programming languages (e.g., R, Python, PySpark, SAS, SQL).
• A degree in a quantitative field (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science).
• Proven experience with modelling using WTW toolkit (Emblem and Radar).
• Ability to communicate results clearly and concisely, both verbally and in writing.

Behaviours:

• Self-motivated with a desire to learn and develop.
• Logical thinker with a professional and positive attitude.
• Passionate about innovating, improving processes, and challenging norms.

About the business:

Markerstudy is a leading UK private insurance provider, insuring about 5% of private cars, 20% of commercial vehicles, and over 30% of motorcycles, with total premiums around £1.2 billion. The company insures household names such as Co-op, Sainsbury's, O2, Halifax, AA, Saga, and Lloyds Bank. Markerstudy has a large and growing direct presence in the market. After acquiring Co-op Insurance Services in 2021 and BGLi in 2022, the company is pursuing innovative pricing techniques, leveraging an award-winning insurer-hosted rating platform, and challenging existing processes.