Technical Pricing Analyst

ZipRecruiter; Manchester; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Technical Pricing Analyst to enhance their delegated authority insurance products. In this pivotal role, you'll develop and refresh pricing models to improve risk predictiveness while collaborating with cross-functional teams. Your expertise in statistical programming and predictive modelling will be essential in shaping pricing strategies that drive profitable growth. This hybrid position offers a unique opportunity to contribute to innovative projects and develop a team of analysts, all while fostering relationships with key stakeholders. Join a forward-thinking organization dedicated to excellence in the insurance sector.

Qualifications

• Experience in general insurance pricing is essential.
• Strong background in predictive modelling techniques required.

Responsibilities

• Lead risk pricing projects and manage model builds.
• Collaborate with stakeholders to ensure data consistency.

Skills

General insurance pricing

Predictive modelling techniques

Statistical programming (R, Python, PySpark, SAS, SQL)

Education

Degree in Mathematics

Degree in Statistics

Degree in Engineering

Degree in Physics

Degree in Computer Science

Degree in Actuarial Science

Tools

WTW’s Radar software

Job description

Job Description

Job Title: Technical Pricing Analyst

Locations: Manchester, flexible hybrid position.

Role Overview

This role is for Atlanta Group, part of the Markerstudy Group. Markerstudy Group is looking for a Technical Pricing Analyst to help deliver the technical pricing strategy for our delegated authority insurance products.

Your role is critical in ensuring accurate risk pricing is developed and refreshed regularly to improve the predictiveness of our technical pricing models. You’ll collaborate with cross-functional teams, develop pricing recommendations, manage product performance, and develop your team of analysts while continually enhancing our pricing capabilities.

Key Responsibilities

• Lead components of risk pricing projects, playing a significant role in risk model builds and refreshes across all product lines.
• Work closely with stakeholders to ensure data used for risk modelling is consistent, efficient, and suitable for modelling.
• Contribute to achieving commercial objectives by building and maintaining risk pricing models to support profitable growth.
• Manage relationships with key internal and external stakeholders.
• Support and contribute to key projects as a pricing SME.
• Collaborate with Portfolio Management and Underwriting teams on risk appetite, product development, and innovation to ensure appropriate input into pricing models.
• Communicate effectively and build trusting relationships by understanding and meeting stakeholder expectations.

Key Skills and Experience

• Previous experience within general insurance pricing.
• Experience with predictive modelling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering.
• Experience in statistical and data science programming (e.g., R, Python, PySpark, SAS, SQL).
• A good quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science).
• Experience with WTW’s Radar software is desirable.

Behaviours

• Self-motivated with a drive to learn and develop.
• Logical thinker with a professional and positive attitude.
• Passionate about innovating, improving processes, and challenging norms.