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- Tasks: Analyse pricing strategies and evaluate price adjustments using advanced data tools.
- Company: Join a rapidly growing Personal Lines Insurer with ambitious growth plans.
- Benefits: Enjoy remote work flexibility with just one day a month in the London office.
- Why this job: Be part of a dynamic team shaping pricing strategies that impact customer behaviour.
- Qualifications: Advanced analytical skills with experience in Python, SQL, SAS, and VBA required.
- Other info: Ideal for those passionate about data and pricing in the insurance industry.
The predicted salary is between 36000 - 60000 £ per year.
Base pay range
Direct message the job poster from Arthur Recruitment
Consultant at Arthur | Pricing | Actuarial | Insurance
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.
Seniority level
Associate
Employment type
Full-time
Job function
Finance
Industries
Insurance
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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 Python, SQL, and SAS. Consider taking online courses or tutorials to sharpen your skills, as demonstrating proficiency in these areas can set you apart from other candidates.
✨Tip Number 2
Research the company and its market positioning within the personal lines insurance sector. Understanding their growth trajectory and pricing strategies will help you articulate how you can contribute to their goals during interviews.
✨Tip Number 3
Network with professionals in the insurance and pricing analysis fields. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within the company.
✨Tip Number 4
Prepare for potential case studies or practical assessments that may be part of the interview process. Brush up on your analytical skills and be ready to demonstrate how you would evaluate price adjustments and analyse portfolio performance.
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. Highlight specific projects where you've successfully worked with large datasets and how your insights led to impactful decisions.
✨Understand Pricing Strategies
Familiarise yourself with concepts like price elasticity and customer behaviour. Be ready to explain how these factors influence pricing strategies in the insurance sector, as this will demonstrate your industry knowledge.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Think of examples where you identified deviations in portfolio performance and how you approached resolving those issues. This will show your analytical mindset.
✨Emphasise Team Collaboration
Since the role involves working closely with the rate implementation team, be sure to highlight your teamwork skills. Share experiences where you collaborated effectively to ensure accurate pricing execution, showcasing your ability to work well in a team environment.
