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- Tasks: Lead discount modelling to optimise pricing strategies and enhance customer outcomes.
- Company: Join a rapidly growing insurance team with a focus on innovation.
- Benefits: Negotiable salary, hybrid work model, and opportunities for professional growth.
- Other info: Collaborate with diverse teams and build relationships with senior stakeholders.
- Why this job: Make a real impact in pricing while solving complex challenges in a dynamic environment.
- Qualifications: Experience in pricing and discount modelling, proficient in Python and statistical techniques.
The predicted salary is between 50000 - 60000 £ per year.
An exciting opportunity to join a rapidly growing team, in a role which offers significant chance to influence the pricing and discount approach. You'll be supporting trading performance, profitability and customer outcomes, and bringing real value to the business.
We are recruiting for this role on both a junior and senior level, looking for individuals confident using Python and who have either worked in technical pricing before or are looking to become more experienced in this field. This role focuses specifically on discount modelling, using the best-in-class discounting models and expert analysis, market insight and innovation.
Working with stakeholders and pricing specialists, your work will directly shape and impact how the business prices and discounts compete in a highly regulated and competitive market. If you enjoy solving complex pricing challenges, leading modelling activity and seeing your insight drive real commercial outcomes, this role offers a highly visible and rewarding next step in your pricing career.
Duties:
- Use statistical modelling techniques with Python to predict customer behaviour such as propensity to purchase, cancel or claim.
- Investigate new modelling approaches, data enrichment and techniques to improve model predictiveness.
- Analyse price trials and competitor pricing data to support price and discount optimisation.
- Lead the development and enhancement of discount and pricing models that drive acquisition, retention and profitability.
- Support delivery of Consumer pricing strategy and initiatives across the Division.
- Lead the development of forecasting models and clearly explain weekly and annual variance versus forecast.
- Own data production for modelling activity, reconciling and validating datasets to ensure high-quality inputs.
- Build trusted, credible relationships with senior stakeholders, compliance and leadership teams.
- Explore new tools, software and techniques to improve data processing efficiency and modelling capability.
- Validate pricing model performance over time, ensuring models are deployed correctly and remain effective.
- Recommend and implement corrective actions where model performance deviates from expectations.
- Ensure pricing and discounting activity aligns with FCA regulatory guidance.
- Partner closely with other squads in the business and work with the Pricing, Finance, Marketing and Insights teams.
Skills required:
- Strong experience in pricing, with specific knowledge and experience of discount modelling within either insurance, banking, financial or a similar industry.
- Proven experience leading discount modelling activity.
- Deep technical knowledge of pricing and analytical techniques.
- Experience using coding tools such as SQL, Snowflake or SAS.
- Experience with visualisation tools such as Power BI or Tableau.
- Strong experience with statistical modelling software.
If this sounds like the role for you then please apply today!
Lead Discount Modeller - Insurance Pricing in Bristol employer: Datatech
Contact Detail:
Datatech Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Discount Modeller - Insurance Pricing in Bristol
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work in pricing or modelling. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Show off your skills! If you’ve got experience with Python or statistical modelling, consider creating a portfolio of projects. This can really help you stand out when you’re chatting with potential employers.
✨Tip Number 3
Prepare for interviews by brushing up on common questions related to discount modelling and pricing strategies. We recommend practising your answers with a friend or even in front of the mirror to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Lead Discount Modeller - Insurance Pricing in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Lead Discount Modeller role. Highlight your experience with Python and any relevant discount modelling work you've done. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing and how you can contribute to our team. Be sure to mention specific examples of your past work that relate to the job description.
Showcase Your Technical Skills: Since this role requires strong technical knowledge, make sure to showcase your experience with statistical modelling software and coding tools like SQL or Snowflake. We love seeing candidates who are confident in their technical abilities!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Datatech
✨Know Your Modelling Techniques
Make sure you brush up on your statistical modelling techniques, especially those relevant to discount modelling. Be ready to discuss how you've used Python in past projects and how you can apply these skills to predict customer behaviour effectively.
✨Showcase Your Analytical Skills
Prepare examples of how you've analysed price trials or competitor pricing data in the past. Highlight any innovative approaches you've taken to improve model predictiveness, as this will demonstrate your ability to think critically and creatively.
✨Build Relationships with Stakeholders
Since this role involves working closely with senior stakeholders, think about how you can showcase your relationship-building skills. Prepare to discuss instances where you've successfully collaborated with teams or influenced decision-making through your insights.
✨Stay Updated on Regulatory Guidelines
Familiarise yourself with FCA regulatory guidance related to pricing and discounting. Being able to discuss how you ensure compliance in your modelling activities will show that you understand the importance of regulations in the insurance industry.