Technical Pricing Analyst

Vermelo RPO; Manchester; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

An established industry player is seeking a Technical Pricing Analyst to enhance their technical pricing strategy for insurance products. This dynamic role involves leading risk pricing projects, collaborating with cross-functional teams, and utilizing advanced analytical skills to develop and refresh pricing models. The ideal candidate will have a strong quantitative background and experience in predictive modelling techniques. Join a forward-thinking company that values innovation and offers a flexible hybrid working environment, where your contributions will significantly impact their growth and success.

Qualifications

• Experience in general insurance pricing is essential for this role.
• A strong background in predictive modelling techniques is required.

Responsibilities

• Lead risk pricing projects and develop pricing models across product lines.
• Collaborate with stakeholders to ensure data consistency for risk modelling.

Skills

General Insurance Pricing

Predictive Modelling Techniques

Statistical Programming (R, Python, SQL)

Communication Skills

Education

Degree in Mathematics

Degree in Statistics

Degree in Computer Science

Tools

Radar Software

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 are 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 are developed and refreshed on a regular basis 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 alongside continually improving our pricing capability.

As a Technical Pricing Analyst, you will use your advanced analytical skills to:

• Lead components of each risk pricing project playing a significant role in risk model builds and refreshes across all product lines.
• Work closely with stakeholders across the business to ensure data used for risk modelling is consistent, efficient and suitable for modelling.
• Contribute to delivering our commercial objectives by continuing to build and maintain our risk pricing models efficiently to achieve profitable growth for the wider business and our capacity partners.
• Manage relationships with our key internal and external stakeholders.
• Supporting and contribute to key projects across the business as a pricing SME.
• Work with the Portfolio Management and Underwriting teams on risk appetite, product development and innovation to ensure that pricing models have the appropriate level of expert input.
• Communicate effectively and build trusting relationships by understanding and meeting expectations of key internal and external stakeholders.

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 good quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)
• Experience of WTW s Radar software is preferred
• 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