Pricing Innovation Analyst in Manchester

Pricing Innovation Analyst in Manchester

Manchester Full-Time 35000 - 45000 £ / year (est.) No working from home possible
First Central Services

At a Glance

  • Tasks: Support statistical techniques to enhance pricing models and drive innovative analysis.
  • Company: Dynamic insurance company with a flexible hybrid working culture.
  • Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
  • Other info: Collaborative environment with excellent career advancement opportunities.
  • Why this job: Join a forward-thinking team and make a real impact in the insurance industry.
  • Qualifications: 2+ years in pricing roles and strong analytical skills required.

The predicted salary is between 35000 - 45000 £ per year.

Location: Haywards Heath (West Sussex) and Salford Quays (Manchester). We’re big on flexible hybrid working. Our teams are based across Haywards Heath (West Sussex) and Salford Quays (Manchester). We primarily work from home but value collaboration, so we come together in person to keep ideas flowing, typically once a week or fortnight. Prefer being in the office more often? That works for us too.

Core skills we’re looking for to succeed in the role:

  • Analytical & Numerical Skills: Excellent data and statistical analysis skills, with strong numerical capability and a logical, problem‑solving approach.
  • Programming Skills: Experience with Python, R or SAS.
  • Modelling Capability: Some experience or familiarity with modelling techniques (e.g. EMBLEM, Python, GBM builds in Radar), or a strong interest in developing these skills.
  • Industry & Role Experience: 2 years’+ experience gained within a commercial or pricing role within personal lines motor insurance, plus a 2:1 degree (or equivalent) in a numerate discipline.
  • Communication & Presentation: Strong verbal and written communication skills, with the ability to present complex concepts at a level appropriate to the audience.

What’s involved:

  • You’ll support the appropriate use of statistical techniques & models to improve the accuracy and stability of burn cost models.
  • You’ll support the development of analytical tools and reporting suites to enable the efficient testing of new factors and modelling techniques.
  • You’ll continually support the development of the rate change process to ensure we minimise rating errors and efficiently make changes as required by the business.
  • You’ll produce timely and accurate information for management decision‑making purposes.
  • You’ll liaise with all departments on issues of reporting requirements, data analysis, business process and operational issues.
  • You’ll achieve an innovative approach to analysis which drives the business forward introducing new rating factors and finding new patterns and key variables.
  • You’ll ensure compliance with company and other relevant standards/ regulations at all times (including TCF).
  • You’ll take responsibility for analytical sections of the team’s major projects.
  • You’ll assist with rate changes and have a full understanding of the rate change process.

Experience & knowledge:

  • Minimum 2:1 in a numerical undergraduate discipline.
  • Minimum of 2 years’ experience of a relevant commercial and pricing role within the personal lines motor insurance industry.
  • Solid experience of SAS/Python/R and ideally EMBLEM.
  • Ideally some modelling experience (EMBLEM, Python, GBM builds in Radar).
  • Experience of Radar Base and Radar Live preferable.

Skills:

  • Excellent data and statistical analysis skills.
  • Good numerical skills.
  • Good communication skills, both verbal and written.
  • Ability to present complex concepts at a level appropriate for the audience.
  • Strong analytical and problem‑solving skills, with the ability to adopt a logical approach to solving problems.
  • Good time management and organisation skills.
  • Strong IT skills.

Behaviours:

  • Logical thinker with solid reasoning ability.
  • Commercially focused.
  • Emphasis on attention to detail and accuracy.
  • Quick learner.
  • Able to transfer skills and knowledge to others.
  • Self‑motivated and enthusiastic.
  • An organised and pro‑active approach.
  • Aligned to the values of Ambition; Agility; Ownership; Collaboration.

Pricing Innovation Analyst in Manchester employer: First Central Services

As a Pricing Innovation Analyst at our company, you will thrive in a dynamic and flexible hybrid working environment that values collaboration and innovation. With opportunities for professional growth and development, you will be part of a supportive team that encourages creativity and analytical thinking, all while enjoying the benefits of working in vibrant locations like Haywards Heath and Salford Quays. Join us to make a meaningful impact in the personal lines motor insurance industry, where your contributions will be recognised and valued.

First Central Services

Contact Details:

First Central Services Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Pricing Innovation Analyst in Manchester

Network Like a Pro

Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you chat with folks in pricing and insurance, the better your chances of landing that dream job.

Show Off Your Skills

When you get the chance to meet potential employers, don’t hold back! Bring examples of your analytical work or any projects you've done using Python or R. Show them what you can do and how you can add value to their team.

Ace the Interview

Prepare for those interviews by practising common questions related to data analysis and modelling techniques. Be ready to discuss your experience in personal lines motor insurance and how you’ve tackled challenges in previous roles.

Apply Through Our Website

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!

We think you need these skills to ace Pricing Innovation Analyst in Manchester

Analytical Skills
Numerical Skills
Data Analysis
Statistical Analysis
Programming Skills (Python, R, SAS)
Modelling Techniques (EMBLEM, GBM builds in Radar)
Communication Skills (verbal and written)

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Pricing Innovation Analyst role. Highlight your analytical and numerical skills, and don’t forget to mention any programming experience you have with Python, R, or SAS. We want to see how your background fits 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 innovation and how your experience in personal lines motor insurance makes you a great fit. Keep it concise but engaging – we love a good story!

Show Off Your Communication Skills:Since strong communication is key for this role, make sure your written application reflects that. Use clear and professional language, and structure your thoughts logically. We want to see how you can present complex concepts simply and effectively.

Apply Through Our Website:Don’t forget to apply 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 team at StudySmarter!

How to prepare for a job interview at First Central Services

Know Your Numbers

Brush up on your analytical and numerical skills before the interview. Be prepared to discuss specific data analysis techniques you've used in previous roles, especially in pricing or motor insurance. Highlight any experience with statistical models and how they’ve impacted decision-making.

Show Off Your Programming Skills

Make sure you’re comfortable discussing your experience with programming languages like Python, R, or SAS. Bring examples of projects where you’ve applied these skills, particularly in modelling or data analysis. This will show your technical prowess and readiness for the role.

Communicate Clearly

Practice explaining complex concepts in simple terms. You’ll need to present your findings to various stakeholders, so being able to tailor your communication style is key. Consider preparing a brief presentation on a past project to demonstrate your ability to convey information effectively.

Emphasise Your Problem-Solving Approach

Be ready 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. This will showcase your logical thinking and problem-solving skills, which are crucial for this position.