Senior Pricing Analyst - Modelling

TieTalent; Peterborough; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading UK insurance provider is seeking a Senior Pricing Analyst - Modelling for a hybrid role in Peterborough. This individual will leverage advanced analytical skills and extensive knowledge of the insurance sector to develop pricing solutions and advise management. Candidates need strong expertise in predictive modeling and statistical programming languages to drive business strategy and enhance pricing capabilities.

Qualifications

• Proven experience with modelling using WTW toolkit (Emblem and Radar).
• Strong analytical skills and knowledge of statistical techniques.
• Self-motivated with a desire to learn and develop.

Responsibilities

• Provide technical leadership on the WTW toolkit.
• Lead and manage the development of solutions.
• Ensure all team members follow quality assurance processes.

Skills

Experience in general insurance pricing

Knowledge of predictive modelling techniques

Proficiency in statistical programming languages

Excellent communication skills

Education

Quantitative degree (Mathematics, Statistics, etc.)

Tools

WTW toolkit (Emblem and Radar)

R

Python

SQL

Job description

About

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 looking for a Senior Pricing Analyst (Modelling) to join a 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 that strategy through regular identification of opportunities to Pricing Managers, the Head of Pricing, and the Executive Committee.

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

• Provide technical leadership on WTW toolkit (particularly Emblem and Radar) to drive effective and efficient solutions that meet business requirements and add value.
• Offer thought leadership on modelling concepts.
• Lead and manage the development of solutions that deliver business requirements and value.
• Ensure all team members follow quality assurance processes and manage risk according to policies.
• Research, develop, and promote best practice methods and standards across the department.
• Plan, design, and lead the development of Atlanta's pricing capabilities.
• Maintain extensive knowledge of statistical techniques through ongoing research to keep Atlanta at the forefront of analysis and modelling.
• Assist Pricing Managers in tactical and strategic decision-making.
• Deputise 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).
• Excellent communication skills, both verbal and written.

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 the norm.

About The Business

Markerstudy is a leading UK provider of private insurance, insuring around 5% of private cars, 20% of commercial vehicles, and over 30% of motorcycles, with total premiums circa £1.2 billion. The company writes business for household names such as Co-op, Sainsbury's, O2, Halifax, AA, Saga, and Lloyds Bank, among others. It also has a significant direct market presence.

Having acquired 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.

Nice-to-have skills:

• Experience with Logistic Regression

Work experience:

• Data Analyst
• Data Scientist

Languages: English.