Principal Pricing Analyst

Vermelo RPO; Manchester (NC); On-site; USD 90,000 - 130,000; Full time

Job summary

A leading insurance group seeks a Principal Pricing Analyst to enhance its pricing department. You will leverage advanced analytical skills and predictive modeling to create impactful pricing solutions, influence strategies, and mentor team members in a dynamic work environment.

Qualifications

• Experience in general insurance pricing is essential.
• Five years in predictive modeling and statistical programming are preferred.
• Strong communication skills for stakeholder engagement are required.

Responsibilities

• Influence pricing projects and technical leadership on WTW toolkit.
• Research and develop best practice methods for optimization.
• Deliver KPI management information and evaluate methodologies.

Skills

General insurance pricing

Predictive modeling techniques

Statistical programming languages

Communication skills

Education

Quantitative degree (Mathematics, Statistics, Engineering)

Tools

WTW Radar

R

Python

SAS

SQL

PySpark

Job description

Job Title: Principal Pricing Analyst

Locations: Manchester (flexible)

Role Overview

Markerstudy Group are looking for a Principal Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines.

You will Utilise your technical expertise, in-depth knowledge of insurance industry and market leading tools to produce creative and actionable pricing solutions. This is to maximise Atlanta s ability to meet its strategy and annual plan but should also influence that strategy through regular identification of opportunities to Pricing Managers, Head of Pricing and Executive Committee. This role requires a large element of coaching team members and championing best practice across the department.

Reporting to the Head of Pricing, you will make use of WTW Radar and Emblem and you will have responsibility for the development and maintenance of predictive models (GLM) and price optimisation including machine learning algorithms (GBM), LTV (Lifetime Value) and fair pricing principles. Ultimately creating value for our customers and Atlanta.

Bringing best in class pricing experience, you ll be expected to provide pricing proposals considering customer and commercial outcomes, communicating these in a compelling, impactful way to all levels of stakeholders to help us make the right decisions at the right times.

You ll work on multiple priorities within a fast paced, dynamic environment. You ll need to be able to manage the expectations of stakeholders alongside prioritising your workload.

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

• Be a key stakeholder influencing the direction & outcome of projects
• Provide technical leadership on WTW toolkit (in particular Radar Optimiser) to drive forward effective and efficient solutions
• Provide thought leadership on optimisation and modelling concepts
• Research, develop and champion the use of best practice methods and standards and ensure they are embedded throughout the department
• Lead the development of the Groups pricing capability
• Query large databases to extract and manipulate data that is fit for purpose
• Oversee and assist in the development and implementation of the market leading methodologies you've identified
• Deliver regular management information on specific KPI's relating to Atlanta's performance
• Continuously evaluate methodologies, understanding how they fit into the wider piece, and identify where they can be improved

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
• Personality and a sense of humour