At a Glance
- Tasks: Analyse pricing models and deliver innovative solutions for our pet insurance portfolio.
- Company: Join Atlanta Group, a fast-growing company in personal lines underwriting.
- Benefits: Enjoy a hybrid work model with opportunities for growth and development.
- Why this job: Make an impact on pricing strategies while working in a dynamic and supportive environment.
- Qualifications: A quantitative degree and experience in predictive modelling are preferred.
- Other info: This is an entry-level full-time position with a focus on innovation and process improvement.
The predicted salary is between 28800 - 48000 £ per year.
Location: The role is hybrid and would require you to be commutable to either Manchester or London.
Role Overview
We have an exciting new role available for a Portfolio Pricing Analyst to join our team within our rapidly growing personal lines underwriting. It’s the perfect opportunity for someone looking to progress with a fast-growing company and make their mark on shaping our pricing models.
As a Pricing Analyst, you will use your advanced analytical skills to:
- Monitor our portfolio and deliver innovative pricing solutions.
- Use a blend of predictive analytics and commercial acumen to distil key trends and identify pricing actions.
- Contribute to the profitability of the products by meeting loss ratio targets and protecting capacity providers’ financial results by balancing product volume and profitability.
The Pricing portfolio management team is responsible for developing new modelling techniques and processes and building and refreshing the risk models that underpin our rates that need to operate effectively in the aggregator channels.
Key Responsibilities:
- Support the design, development and implementation of a robust and innovative performance monitoring framework.
- Contribute to the continuous pricing cycle including development and deployment of tactical pricing initiatives, price optimisation proposals and price change opportunity & impact analytics.
- Work closely with the Underwriting team on risk appetite, product development and innovation supporting progression by providing performance and market analytical insight.
- Work closely with the Technical Modelling team on peril risk cost models ensuring product performance dynamics are suitably captured and fed back in technical models.
- Contribute to delivery of the pricing roadmap in line with the vision and long-term goals of the company.
Key Skills and Experience:
- Previous experience within Personal Lines Pricing is advantageous.
- 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 and Emblem 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.
Seniority level: Entry level
Employment type: Full-time
Job function: Marketing and Sales
Industries: Banking
Portfolio Pricing Analyst (Pet) employer: Atlanta Group
Contact Detail:
Atlanta Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Pricing Analyst (Pet)
✨Tip Number 1
Familiarise yourself with the specific predictive modelling techniques mentioned in the job description, such as Logistic Regression and Decision Trees. Being able to discuss these methods confidently during your interview will demonstrate your expertise and readiness for the role.
✨Tip Number 2
Network with professionals in the personal lines pricing field, especially those who work at Atlanta Group or similar companies. Engaging with them on platforms like LinkedIn can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to showcase your analytical skills by bringing examples of past projects where you've successfully implemented pricing strategies or models. This will help you illustrate your ability to contribute to the company's profitability goals.
✨Tip Number 4
Stay updated on industry trends and news related to personal lines insurance and pricing strategies. Being knowledgeable about current market dynamics will allow you to engage in meaningful discussions during interviews and show your passion for the field.
We think you need these skills to ace Portfolio Pricing Analyst (Pet)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in personal lines pricing and any predictive modelling techniques you've used. Emphasise your analytical skills and familiarity with programming languages like R or Python.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific projects or experiences that demonstrate your ability to contribute to pricing models and your understanding of the insurance market.
Showcase Your Analytical Skills: Provide examples of how you've used data analysis to drive decisions in previous roles. Discuss any experience you have with performance monitoring frameworks or price optimisation initiatives.
Prepare for Technical Questions: Be ready to discuss your knowledge of statistical methods and data science programming. Prepare to explain how you've applied these skills in real-world scenarios, particularly in relation to pricing strategies.
How to prepare for a job interview at Atlanta Group
✨Showcase Your Analytical Skills
As a Portfolio Pricing Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've used predictive modelling techniques or data analysis in previous roles. Highlight any experience with tools like R or Python.
✨Understand the Role's Responsibilities
Familiarise yourself with the key responsibilities outlined in the job description. Be ready to explain how your past experiences align with tasks such as developing pricing models or working with underwriting teams.
✨Demonstrate Your Communication Skills
Effective communication is vital for this role. Prepare to discuss how you’ve communicated complex data insights to non-technical stakeholders. Practise summarising your findings clearly and concisely.
✨Express Your Passion for Innovation
The company values innovation and improvement. Share examples of how you've challenged the norm in your previous roles or contributed to process improvements. Show your enthusiasm for driving change in pricing strategies.