Technical Pricing Analyst

Markerstudy Group; Manchester; Hybrid; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is looking for a Technical Pricing Analyst to enhance their pricing strategy for delegated authority insurance products. This exciting role involves developing and refreshing risk pricing models, collaborating with cross-functional teams, and managing product performance. The ideal candidate will have a strong background in general insurance pricing and predictive modelling techniques, alongside proficiency in programming languages such as R and Python. Join this innovative firm and contribute to their mission of delivering accurate and effective pricing solutions while fostering a culture of continuous improvement and collaboration.

Qualifications

• Experience in general insurance pricing is essential.
• Knowledge of predictive modelling techniques is crucial.
• Proficiency in statistical programming languages is required.

Responsibilities

• Lead risk pricing projects and build predictive models.
• Collaborate with stakeholders for data consistency.
• Manage relationships and support key pricing projects.

Skills

General Insurance Pricing

Predictive Modelling Techniques

R

Python

SQL

Communication Skills

Education

Degree in Mathematics

Degree in Statistics

Degree in Engineering

Degree in Physics

Degree in Computer Science

Degree in Actuarial Science

Tools

WTWs Radar Software

Job description

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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 seeking a Technical Pricing Analyst to help deliver the technical pricing strategy for our delegated authority insurance products.

Your role is critical in ensuring that accurate risk pricing models are developed and refreshed regularly to improve their predictiveness. You will collaborate with cross-functional teams, develop pricing recommendations, manage product performance, and develop your team of analysts while continually improving our pricing capabilities.

Key Responsibilities

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

Key Skills and Experience

1. Experience in general insurance pricing.
2. Knowledge of predictive modelling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering.
3. Proficiency in statistical and data science programming languages like R, Python, PySpark, SAS, SQL.
4. A quantitative degree in Mathematics, Statistics, Engineering, Physics, Computer Science, or Actuarial Science.
5. Experience with WTWs Radar software is preferred.
6. Excellent communication skills, both verbal and written.

Behaviours

1. Self-motivated with a desire to learn and develop.
2. Logical thinker with a professional and positive attitude.
3. Passionate about innovation, process improvement, and challenging norms.

Additional Information

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Marketing and Sales
• Industries: Technology, Information and Media