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- Tasks: Lead pricing strategies and develop predictive models to optimise insurance pricing.
- Company: Join Atlanta Group, a dynamic part of the Markerstudy Group, focused on innovative insurance solutions.
- Benefits: Enjoy flexible working options and a supportive team culture that values your input.
- Why this job: Be at the forefront of pricing innovation while making a real impact in the insurance industry.
- Qualifications: A quantitative degree and experience in insurance pricing and predictive modelling are essential.
- Other info: This role offers opportunities for coaching and professional growth in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
This role is for Atlanta Group, part of the Markerstudy Group. 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 the 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
Principal Pricing Analyst employer: Atlanta Group
Contact Detail:
Atlanta Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Pricing Analyst
✨Tip Number 1
Familiarise yourself with WTW Radar and Emblem, as these tools are crucial for the role. Consider taking online courses or tutorials to enhance your skills in these specific software applications.
✨Tip Number 2
Network with professionals in the insurance pricing field, especially those who have experience with predictive modelling techniques. Attend industry events or join relevant online forums to make connections that could help you stand out.
✨Tip Number 3
Prepare to discuss your previous experiences with general insurance pricing and how you've applied advanced analytical skills in real-world scenarios. Be ready to share specific examples that demonstrate your ability to influence project outcomes.
✨Tip Number 4
Showcase your passion for innovation and process improvement during interviews. Think of examples where you've challenged the norm and successfully implemented new ideas or methodologies in your past roles.
We think you need these skills to ace Principal Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in general insurance pricing and predictive modelling techniques. Use specific examples to demonstrate your expertise with tools like WTW Radar and programming languages such as R or Python.
Craft a Compelling Cover Letter: In your cover letter, express your passion for pricing analysis and how your skills align with the role. Mention your ability to communicate complex ideas clearly and your experience in leading projects, as these are key aspects of the job.
Showcase Your Analytical Skills: Provide examples of past projects where you used advanced analytical skills to influence outcomes. Highlight any experience with machine learning algorithms and how you've applied them in real-world scenarios.
Prepare for Technical Questions: Be ready to discuss your knowledge of statistical methods and data science programming. Prepare to explain your approach to developing predictive models and optimising pricing strategies, as this will likely come up during interviews.
How to prepare for a job interview at Atlanta Group
✨Showcase Your Technical Expertise
As a Principal Pricing Analyst, you'll need to demonstrate your in-depth knowledge of predictive modelling techniques and statistical programming languages. Be prepared to discuss specific projects where you've successfully applied these skills, particularly with tools like WTW Radar.
✨Communicate Effectively
This role requires you to communicate complex pricing proposals clearly to various stakeholders. Practice explaining your past work in a concise manner, focusing on how your contributions led to impactful decisions.
✨Demonstrate Leadership Qualities
Since the role involves coaching team members and championing best practices, be ready to share examples of how you've led teams or influenced projects in the past. Highlight your ability to motivate others and drive change.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in a fast-paced environment. Think of scenarios where you've had to manage multiple priorities or stakeholder expectations, and be ready to explain your approach and outcomes.
