Senior Pricing Analyst - Modelling

VermeloRPO; United Kingdom; Remote; GBP 50,000 - 70,000; Full time

Job summary

A leading UK private insurance provider is looking for a Senior Pricing Analyst - Modelling to join their team. This fully remote role involves leveraging expertise in statistical techniques and pricing strategies to drive key business decisions and innovations. Successful candidates will provide leadership in modelling, maintaining high standards in price management, and collaborate closely with Pricing Managers and Executives to influence strategic directions. If you have a strong background in general insurance pricing and a passion for innovation, we want to hear from you!

Qualifications

• Experience in general insurance pricing is essential.
• Proficiency in statistical programming languages like R, Python, and SQL.
• Must hold a quantitative degree.

Responsibilities

• Provide technical leadership on pricing tools.
• Develop and lead solutions for pricing capabilities.
• Support strategic decision-making for Pricing Managers.

Skills

Experience in general insurance pricing

Predictive modelling techniques

Statistical programming languages (R, Python, etc.)

Excellent communication skills

Education

Quantitative degree (Mathematics, Statistics, etc.)

Tools

WTW toolkit (Emblem and Radar)

Job description

Job Title: Senior Pricing Analyst - Modelling

Locations: This is a fully remote opportunity; however, we have offices in Manchester and Peterborough if you prefer to work onsite.

Role Overview:

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

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

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

• Providing technical leadership on WTW toolkit, especially Emblem and Radar, to develop effective and efficient solutions that meet business needs and add value.
• Offering thought leadership on modelling concepts.
• Leading the development of solutions that deliver business requirements and value.
• Ensuring quality assurance processes are followed and risks are managed in compliance with policies.
• Researching, developing, and promoting best practice methods and standards within the department.
• Planning, designing, and leading the development of Markerstudy's pricing capabilities.
• Maintaining extensive knowledge of statistical techniques through ongoing research to ensure a market-leading approach to analysis and modelling.
• Supporting Pricing Managers in tactical and strategic decision-making.
• Deputising for Pricing Managers and the Head of Pricing as needed.

Key Skills and Experience:

• Experience in general insurance pricing.
• Familiarity with predictive modelling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Networks, and Clustering.
• Proficiency in statistical and data science programming languages like R, Python, PySpark, SAS, and 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 professionalism and a positive attitude.
• Passionate about innovation, process improvement, and challenging the status quo.

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. Following acquisitions of Co-op Insurance Services and BGLi, we are pursuing innovative pricing techniques using an award-winning insurer-hosted rating platform, challenging traditional processes.