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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 analytical skills with experience in Python, SQL, SAS, and VBA preferred.
- Other info: Ideal for those passionate about data and looking to shape 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.
Market Pricing Analyst (Street Pricing) employer: Arthur Recruitment
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, as demonstrating proficiency in these areas can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the insurance and pricing sectors. Attend industry events or join relevant online forums to connect with others who work in market pricing. This can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Stay updated on current trends in personal lines insurance and pricing strategies. Read industry reports, follow thought leaders on social media, and engage in discussions to show your passion and knowledge during interviews.
✨Tip Number 4
Prepare to discuss specific examples of how you've used data analysis to influence pricing decisions in previous roles. Be ready to explain your thought process and the outcomes of your analyses, as this will demonstrate your problem-solving abilities and business acumen.
We think you need these skills to ace Market Pricing Analyst (Street Pricing)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your advanced data and analytical skills, especially with tools like Python, SQL, SAS, and VBA. Include any relevant experience with pricing strategies or personal lines underwriting to align with the job requirements.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of price elasticity and customer behaviour, and how your skills can contribute to the Market Pricing team’s success.
Showcase Relevant Experience: When detailing your work experience, focus on specific projects where you evaluated price adjustments or analysed portfolio performance. Use metrics to demonstrate your impact and problem-solving abilities.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Market Pricing Analyst.
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. Bring examples of how you've used these tools to solve complex problems or improve pricing strategies in previous roles.
✨Understand Price Elasticity
Familiarise yourself with the concept of price elasticity and be ready to explain how it affects customer behaviour and pricing strategies. This will demonstrate your understanding of key factors influencing market pricing.
✨Discuss Portfolio Performance
Prepare to talk about how you have analysed portfolio performance in the past. Highlight any specific instances where you identified deviations from expected outcomes and the actions you took to address them.
✨Collaboration is Key
Since the role involves working closely with the rate implementation team, think of examples where you've successfully collaborated with others to achieve a common goal. This will show your ability to work effectively in a team environment.
