Senior Pricing Analyst - Modelling

Markerstudy Group; Peterborough; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading UK insurance provider is looking for a Senior Pricing Analyst (Modelling) to join their team in Peterborough with a hybrid working arrangement. The successful candidate will leverage technical expertise in insurance pricing and advanced statistical techniques to deliver impactful pricing solutions. Key skills include experience with predictive modelling and strong communication abilities. The firm values innovation and aims to improve processes in the sector.

Qualifications

• Previous experience within general insurance pricing.
• Experience with predictive modelling techniques such as Logistic Regression, Decision Trees, and Random Forests.
• Proven experience of modelling using WTW toolkit (Emblem and Radar).

Responsibilities

• Provide technical leadership to drive effective solutions.
• Research and develop best practice methods for pricing models.
• Plan and lead the development of pricing capabilities.

Skills

General insurance pricing experience

Predictive modelling techniques

Statistical programming languages

Communication skills

Education

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

Tools

WTW toolkit (Emblem and 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 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.