Senior Pricing Analyst - Modelling

Markerstudy Group; City of Westminster; Remote; GBP 55,000 - 85,000; Full time

Job summary

Markerstudy Group is seeking a Senior Pricing Analyst for a remote position to utilize technical expertise in insurance to create actionable pricing solutions. The role includes providing leadership in predictive modeling and ensuring quality standards across the team. This mid-senior level position offers the chance to influence pricing strategy significantly while enhancing team capabilities.

Qualifications

• Experience within general insurance pricing.
• Proven experience of modelling using the WTW toolkit.
• Proficient at communicating results concisely.

Responsibilities

• Provide technical leadership on the WTW tools to deliver business requirements.
• Champions best practices in modelling across the department.
• Assist Pricing Managers in making tactical and strategic decisions.

Skills

Predictive modelling techniques

Statistical programming languages

Analytical skills

Education

Quantitative degree (Mathematics, Statistics, Engineering, etc.)

Tools

WTW toolkit (Emblem, Radar)

Job description

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Job Title: Senior Pricing Analyst - Modelling

This is a remote working opportunity.

Role Overview

Markerstudy Group are looking for a Senior Pricing Analyst (Modelling) to join a growing and established team.

You will be responsible for utilising your technical expertise and in-depth knowledge of the 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 the Executive Committee. This role requires a large element of coaching team members and championing modelling best practices across the department.

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

• Provide technical leadership on WTW toolkit (in particular Emblem and Radar) to drive forward effective and efficient solutions which deliver business requirements and add demonstrable value
• Provide thought leadership on modelling concepts
• Lead and manage the development of effective and efficient solutions which deliver business requirements and add demonstrable value
• Ensure that all team members follow quality assurance processes and manage risk adhering to all relevant policies
• Research, develop and champion the use of best practice methods and standards and ensure they are embedded throughout the department
• Plan, design and lead the development of Atlanta's pricing capability.
• Through ongoing research, maintain an extensive knowledge of statistical techniques to ensure Atlanta has a market leading approach to analysis and modelling.
• Assist Pricing Managers in making tactical and strategic decisions.
• Deputise for Pricing Managers, Head of Pricing
  
  

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)
• Proven experience of modelling using WTW toolkit (Emblem and Radar)
• 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 the business:

Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. The majority of business is written as the insurance pricing provider behind household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga and Lloyds Bank to list a few and Markerstudy also has a large and growing direct presence in the market as well.

Having acquired and successfully integrated Co-op Insurance Services in 2021 & BGLi in 2022, Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Marketing and Sales

• Industries

  Banking

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