At a Glance
- Tasks: Analyse pricing models and deliver innovative solutions for our motor 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 collaborating with innovative teams.
- Qualifications: A quantitative degree and experience in predictive modelling are preferred.
- Other info: Entry-level position with full-time hours in a dynamic environment.
The predicted salary is between 28800 - 43200 £ per year.
Location: The role is hybrid and requires 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, especially for 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 analytics.
- Work closely with the Underwriting team on risk appetite, product development, and innovation, providing performance and market analytical insight.
- Collaborate with the Technical Modelling team on peril risk cost models to ensure product performance dynamics are incorporated into technical models.
- Contribute to delivering the pricing roadmap aligned with the company’s vision and long-term goals.
Key Skills and Experience:
- Previous experience within Personal Lines Pricing is advantageous.
- Experience with predictive modelling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering.
- Proficiency 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 with WTW’s Radar and Emblem software is preferred.
- Excellent communication skills, both verbal and written.
Behaviours:
- Self-motivated with a drive to learn and develop.
- Logical thinker with a professional and positive attitude.
- Passionate about innovation, process improvement, and challenging norms.
Additional Details:
- Seniority level: Entry level.
- Employment type: Full-time.
- Job function: Marketing and Sales.
- Industries: Banking.
Portfolio Pricing Analyst [Motor] employer: Atlanta Group
Contact Detail:
Atlanta Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Pricing Analyst [Motor]
✨Tip Number 1
Familiarise yourself with the latest trends in personal lines pricing and predictive modelling techniques. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the insurance and pricing analytics field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at Atlanta Group.
✨Tip Number 3
Brush up on your programming skills, especially in R and Python, as these are crucial for the role. Consider working on small projects or contributing to open-source initiatives to showcase your abilities.
✨Tip Number 4
Prepare to discuss how you would approach developing innovative pricing solutions. Think of examples from your past experiences where you've successfully used data analysis to drive decisions or improvements.
We think you need these skills to ace Portfolio Pricing Analyst [Motor]
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in personal lines pricing and showcases your analytical skills. Use keywords from the job description to demonstrate that you meet the requirements.
Craft a Compelling Cover Letter: Write a cover letter that explains why you're passionate about the Portfolio Pricing Analyst role. Mention specific skills, such as your experience with predictive modelling techniques and programming languages, and how they align with the company's goals.
Showcase Your Analytical Skills: In your application, provide examples of how you've used data analysis to drive decision-making or improve processes in previous roles. This will help demonstrate your fit for the analytical demands of the position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism.
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 in past roles. Highlight your experience with tools like R or Python, and be ready to explain your thought process behind your analyses.
✨Understand the Role's Key Responsibilities
Familiarise yourself with the key responsibilities outlined in the job description. Be ready to discuss how you can contribute to the pricing cycle and performance monitoring framework. Showing that you understand the role will demonstrate your genuine interest in the position.
✨Prepare for Technical Questions
Expect technical questions related to statistical methods and data science programming. Brush up on concepts like Logistic Regression and Decision Trees, and be prepared to solve problems on the spot. This will showcase your expertise and confidence in your field.
✨Communicate Effectively
Excellent communication skills are essential for this role. Practice articulating complex ideas clearly and concisely. During the interview, ensure you listen actively and respond thoughtfully, as this will reflect your ability to collaborate with teams effectively.