Senior Pricing Analyst - Modelling

Vermelo RPO; Manchester; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance provider is seeking a Senior Pricing Analyst specialized in Modelling for their Manchester office. This pivotal role involves providing technical leadership on pricing tools, utilizing modelling strategies, and offering analytical insights to support pricing initiatives. Ideal candidates will possess extensive experience in insurance pricing and strong programming skills in statistical software.

Qualifications

• Experience in general insurance pricing is necessary.
• Knowledge of multiple predictive modelling techniques is essential.
• Proficient with the WTW toolkit, ideally Emblem and Radar.

Responsibilities

• Lead technical efforts and provide solutions using WTW toolkit.
• Conduct research and promote best practices for modelling.
• Assist in strategic decision-making for pricing.

Skills

Predictive modelling techniques

Statistical and data science programming languages

Communication

Education

Quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)

Tools

WTW toolkit (Emblem and Radar)

R

Python

PySpark

SAS

SQL

Job description

Job Title:

Senior Pricing Analyst - Modelling

Locations:

Hybrid working for our Manchester Office (Salford)

Role Overview

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

You will utilize your technical expertise and in-depth knowledge of the insurance industry and market-leading tools to produce creative and actionable pricing solutions. Your work will help Atlanta meet its strategic and annual goals, while also influencing strategy through regular identification of opportunities for Pricing Managers, the Head of Pricing, and the Executive Committee. This role involves coaching team members and promoting modelling best practices across the department.

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

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

Key Skills and Experience

• Experience in general insurance pricing.
• Knowledge of 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 quantitative degree (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 innovation, process improvement, and challenging norms.

About the Business

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. We work with household names like Co-op, Sainsbury's, O2, Halifax, AA, Saga, and Lloyds Bank, among others. We also have a growing direct presence in the market.

After acquiring Co-op Insurance Services in 2021 and BGLi in 2022, Markerstudy is pursuing innovative pricing techniques, leveraging an award-winning insurer-hosted rating platform, and challenging existing processes.