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- Tasks: Analyse pricing data and develop predictive models to enhance customer satisfaction.
- Company: Join 1st Central, a leading insurance company with a fantastic workplace culture.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact on pricing strategies and help shape the future of insurance.
- Qualifications: Strong analytical skills with experience in SQL, Python, and Excel.
- Other info: Flexible working environment with excellent career development opportunities.
The predicted salary is between 36000 - 60000 £ per year.
We are 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. We are looking for a Pricing Analyst to help drive, support and develop pricing changes across 1st Central.
In this role, you will help validate and build confidence in our pricing algorithms and the data systems that underpin the pricing process. You will contribute to refreshing predictive models using both linear and non-linear statistical techniques, monitor, maintain and update existing models to ensure they remain accurate and effective. You will tackle key business questions and deliver high-quality analysis, insight and recommendations that enhance customer satisfaction and drive profitability. Your work will play a crucial part in strengthening our competitive position through clear, evidence-based reporting.
We are looking for someone who can proactively identify opportunities to enhance our Retail Pricing Team's processes and play a key role in shaping the future of our pricing capability. We love hybrid working, so you will spend most of your time working where you work best, be that at home or in the office closest to you; we have offices located in Salford Quays, Manchester and Haywards Heath, West Sussex. There are no mandatory working days in the office on a regular basis for the team in Retail Pricing, but you will be expected to attend wider Pillar and Department level meetings, usually once a quarter.
Core skills we are looking for to succeed in the role:
- Technical Skills: Strong mathematical, data and statistical analysis skills, along with solid experience in Radar, SQL, Python and Excel, with Databricks experience as a bonus.
- Problem-Solving: Strong problem-solving abilities, and the capacity to take a logical approach to tackling challenges.
- Organisational Skills: Good time management and organisational skills.
- Industry: Experience of personal lines insurance analysis is an advantage but not essential.
What’s involved:
- Learning new tools and techniques.
- Giving confidence in the underlying data within the pricing algorithm.
- Production of business analysis reports.
- Ad hoc project work providing analysis to the business.
- Maintenance, creation and development of predictive models and analysis projects written in Radar, SQL, Python and Excel.
- Monitoring, maintaining, updating and improving existing predictive models.
- Producing timely and accurate information for management decision-making purposes.
- Applying statistical techniques including generalised linear modelling and non-linear methods to improve the performance of the company.
- Liaising with other departments on data issues, business effects influencing company reports, business processes and operational issues.
- Analysing business issues to find solutions and make recommendations to improve profitability.
- Presenting findings and results in a clear and logical manner; producing written reports.
- Training and developing others.
Pricing Analyst employer: First Central Insurance Management Ltd
Contact Detail:
First Central Insurance Management Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former employees at 1st Central on LinkedIn. A friendly chat can give us insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss SQL, Python, and statistical techniques. We want to see how you can apply these in real-world scenarios!
✨Tip Number 3
Showcase your problem-solving skills during the interview. Think of examples where you've tackled challenges using data analysis. We love seeing how you approach issues logically and creatively!
✨Tip Number 4
Don’t forget to express your enthusiasm for hybrid working! Let us know how you plan to balance working from home and the office to stay productive. It’s all about finding what works best for you!
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Analyst role. Highlight your experience with data analysis, statistical techniques, and any relevant tools like SQL or Python. We want to see how your skills match 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 analysis and how you can contribute to our team. Be sure to mention any specific projects or experiences that relate to the job description.
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex problems in the past. We love candidates who can think critically and come up with innovative solutions, so don't hold back on sharing your success stories!
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 you're keen on joining our awesome team at 1st Central!
How to prepare for a job interview at First Central Insurance Management Ltd
✨Know Your Numbers
As a Pricing Analyst, you'll be dealing with data and statistics all day long. Brush up on your mathematical skills and be ready to discuss how you've used tools like SQL, Python, or Excel in past roles. Prepare examples of how you've tackled complex data problems and the impact your analysis had on decision-making.
✨Understand the Industry
Even if you don't have direct experience in personal lines insurance, it's crucial to show that you understand the market. Do some research on current trends in the insurance industry and think about how they might affect pricing strategies. This will demonstrate your proactive approach and genuine interest in the role.
✨Showcase Problem-Solving Skills
Be prepared to discuss specific challenges you've faced in previous roles and how you approached solving them. Use the STAR method (Situation, Task, Action, Result) to structure your answers. Highlight your logical thinking and how it led to successful outcomes, especially in data-driven environments.
✨Communicate Clearly
You'll need to present your findings and recommendations clearly, so practice explaining complex concepts in simple terms. Think about how you would convey your analysis to someone without a technical background. This skill is vital for collaborating with other departments and ensuring your insights are understood and actionable.
