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For Companies At a Glance
- Tasks: Analyse pricing strategies and customer behaviour to optimise market performance.
- Company: Join a rapidly growing Personal Lines Insurer with ambitious plans for the future.
- Benefits: Enjoy remote work flexibility with just one day a month in the London office.
- Why this job: Be part of a dynamic team making impactful pricing decisions in a thriving industry.
- Qualifications: Advanced data skills required; experience with Python, SQL, SAS, and VBA is a plus.
- Other info: Two vacancies available, perfect for those passionate about data and pricing strategies.
The predicted salary is between 36000 - 60000 £ per year.
I am working with a growing Personal Lines Insurer who have two vacancies within their Market Pricing team! My client has grown significantly over the last few years and has strong plans to continue this trajectory over the coming years. This role is largely remote, with one day a month required in the London office.
Responsibilities:
- Evaluate the impact of price adjustments before and after implementation using Radar
- Develop a deep understanding of price elasticity, customer behavior, and other factors influencing optimal pricing strategies
- Analyse portfolio performance and identify deviations from expected outcomes.
- Work closely with the rate implementation team to ensure accurate pricing execution.
Requirements:
- Advanced data and analytical skills, capable of working with large, complex datasets using tools like Python, SQL, SAS, and VBA (Radar experience is a plus).
- Strong problem-solving abilities and business acumen, with solid knowledge of personal lines underwriting and pricing principles.
Contact Detail:
Arthur Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Pricing Analyst (Street Pricing)
✨Tip Number 1
Familiarise yourself with the tools mentioned in the job description, especially Radar, Python, SQL, SAS, and VBA. Consider taking online courses or tutorials to enhance your skills in these areas, as practical knowledge will set you apart during interviews.
✨Tip Number 2
Stay updated on market trends and pricing strategies within the personal lines insurance sector. Being able to discuss current industry developments and how they impact pricing will demonstrate your enthusiasm and understanding of the role.
✨Tip Number 3
Network with professionals in the insurance and pricing analytics field. Attend relevant webinars or local meetups to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 4
Prepare for potential case studies or practical assessments during the interview process. Brush up on your analytical problem-solving skills and be ready to showcase how you would approach real-world pricing scenarios.
We think you need these skills to ace Market Pricing Analyst (Street Pricing)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Market Pricing Analyst position. Familiarise yourself with concepts like price elasticity and customer behaviour, as these will be crucial in your application.
Highlight Relevant Skills: In your CV and cover letter, emphasise your advanced data and analytical skills. Mention your experience with tools like Python, SQL, SAS, and VBA, and provide specific examples of how you've used these skills in previous roles.
Tailor Your Application: Customise your CV and cover letter to reflect the specific requirements of the job. Use keywords from the job description, such as 'portfolio performance' and 'pricing execution', to demonstrate that you are a good fit for the role.
Proofread and Edit: Before submitting your application, take the time to proofread and edit your documents. Check for any spelling or grammatical errors, and ensure that your writing is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Arthur Recruitment
✨Showcase Your Analytical Skills
Be prepared to discuss your experience with data analysis tools like Python, SQL, SAS, and VBA. Highlight specific projects where you've successfully handled large datasets and how your analytical skills contributed to pricing strategies.
✨Understand Price Elasticity
Familiarise yourself with the concept of price elasticity and be ready to explain how it affects customer behaviour and pricing decisions. Providing examples from your past work can demonstrate your understanding and application of this principle.
✨Demonstrate Problem-Solving Abilities
Prepare to discuss scenarios where you've encountered challenges in pricing or data analysis. Explain your thought process and the steps you took to resolve these issues, showcasing your strong problem-solving skills.
✨Research the Company and Market Trends
Before the interview, take time to research the personal lines insurance market and the company's position within it. Being knowledgeable about current trends and challenges will show your genuine interest in the role and the industry.
