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- Tasks: Join our Retail Pricing team as a Pricing Analyst, turning data into actionable insights.
- Company: 1st Central is a leading insurance company focused on smart data and technology.
- Benefits: Enjoy remote work options, a supportive environment, and great corporate perks.
- Why this job: Make a real impact through data-driven decision-making in a dynamic and innovative culture.
- Qualifications: Minimum 2:1 in a numerical discipline; experience with SQL, Databricks, and Python preferred.
- Other info: We value continuous improvement and support talent development within our team.
The predicted salary is between 28800 - 48000 £ per year.
We’re 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. And that’s the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too!
Are you passionate about turning data into actionable insights? Do you thrive on solving complex problems and love working with tools like SQL, Databricks, and Python? If you’re someone who enjoys data modelling, has a sharp analytical mindset, and is eager to make a real impact through data-driven decision-making, then we’d love to hear from you!
We’re looking for someone to join our Retail Pricing team as a Pricing Analyst either working remotely or based in our Salford Quays, Manchester or Haywards Heath, West Sussex office
In this role you’ll support and develop pricing changes within First Central, validating and building confidence in the pricing algorithm as well as relevant data systems surrounding the pricing process.
You’ll support in refreshing predictive models using linear and non-linear statistical techniques; to monitor, maintain and update existing statistical models. You will solve key company questions and provide analysis, insight and competitive advantage to the company by producing recommendations, analysis and reports that maximise customer satisfaction and the profitability of the company.
We’re all about people and we’re passionate about continuous improvement, so you’ll pro-actively seek ways to improve existing processes in the Retail Pricing Team.
Developing the best talent means a lot to us too, so you’ll play a vital part in attracting graduates and other talent into the company and supporting them on their journey.
Core skills we’re looking for to succeed in the role:
- Experience working with data / data modelling
- A strong problem solving mindset
- Experience using SQL, Databricks and Python
Nice to have skills, but optional:
- Experience working with Radar
- Previous experience in the Insurance industry
What’s involved:
- Learn new tools and techniques
- Give confidence in the underlying data within the pricing algorithm
- Production of business analysis reports
- Ad hoc project work providing analysis to the business
- Maintenance of analysis programs written in SAS, RADAR, and other software packages
- Write new analysis code using SAS, RADAR, and other software packages
- Build predictive models using SAS, EMBLEM, and other software packages
- Monitor, maintain, update and improve existing predictive models
- Produce timely and accurate information for management decision-making purposes
- Apply statistical techniques including generalised linear modelling and non-linear methods to improve the performance of the company
- Liaise with other departments on data issues, business effects influencing company reports, business processes and operational issues
- Analyse business issues to find solutions to and make recommendations to improve profitability
- Present findings and results in a clear and logical manner; produce written reports
- Train, develop & guide graduate analysts
- Positive manner with ability to communicate well with all colleagues and stakeholders
- Ensure compliance with company and other relevant standards / regulations
- Travel to group locations on an ad hoc basis (currently Manchester, Gibraltar and Guernsey)
- Any other reasonable duties as required
Qualifications
- Minimum 2:1 in a numerical undergraduate discipline
Skills and experience
- Strong background in statistical methods
- Experience of personal lines insurance analysis is an advantage
- Experience of SAS, Emblem, Excel and advanced statistical techniques
- Strong mathematical skills
- Strong problem-solving skills, with the ability to adopt a logical approach to solving problems
- Excellent data and statistical analysis skills
- Strong IT skills (including Excel and ideally programming skills)
- Good communication skills, both verbal and written
- Good time management and organisation skills
Knowledge
- Broad knowledge of statistical methods and techniques
- Good knowledge of motor insurance products and the motor insurance industry is an advantage
- Solid understanding of the business objectives and operations
Behaviours
- Logical thinker with solid reasoning ability
- Commercially focussed
- 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
- Ability to work on own initiative and as part of a team
- A flexible approach and positive attitude
- Strives to drive business improvements to contribute to the success of the business
- Takes initiative to make decisions
Are you the person we’re looking for? If so, we look forward to hearing from you. Apply today!
We pride ourselves on being a great place to work. Check out our Glassdoor page to see what our employees think about working here.
What can we do for you?
People first. Always. We’re passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that’s what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you’ll enjoy, take a look at all our perks in full here .
Intrigued? Our Talent team can tell you everything you need to know about what we want and what we’re offering, so feel free to get in touch.
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Pricing Analyst employer: First Central
Contact Detail:
First Central Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst
✨Tip Number 1
Familiarise yourself with the specific tools mentioned in the job description, such as SQL, Databricks, and Python. Consider taking online courses or tutorials to enhance your skills in these areas, as practical knowledge will set you apart during interviews.
✨Tip Number 2
Research the insurance industry, particularly personal lines insurance, to understand current trends and challenges. This knowledge will help you demonstrate your passion for the field and your ability to contribute valuable insights during discussions with the hiring team.
✨Tip Number 3
Prepare to discuss your problem-solving approach by thinking of specific examples where you've successfully tackled complex data-related issues. Being able to articulate your thought process will showcase your analytical mindset and fit for the role.
✨Tip Number 4
Network with current or former employees of 1st Central on platforms like LinkedIn. Engaging with them can provide you with insider insights about the company culture and expectations, which can be invaluable during your application and interview process.
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with data modelling, SQL, Databricks, and Python. Use specific examples to demonstrate how you've solved complex problems in previous roles.
Craft a Compelling Cover Letter: In your cover letter, express your passion for data-driven decision-making and how you can contribute to the Retail Pricing team. Mention any relevant experience in the insurance industry or with predictive models.
Showcase Your Analytical Skills: Provide examples of past projects where you used statistical methods or programming skills to achieve results. Highlight your ability to produce business analysis reports and communicate findings effectively.
Research 1st Central: Familiarise yourself with 1st Central's values, recent achievements, and their approach to customer satisfaction. This knowledge will help you align your application with their goals and demonstrate your genuine interest in the company.
How to prepare for a job interview at First Central
✨Showcase Your Analytical Skills
As a Pricing Analyst, your ability to analyse data is crucial. Be prepared to discuss specific examples of how you've used SQL, Databricks, or Python to solve complex problems or improve processes in previous roles.
✨Understand the Insurance Industry
Familiarise yourself with the basics of the insurance industry, particularly personal lines insurance. This knowledge will help you relate your skills to the company's needs and demonstrate your genuine interest in the role.
✨Prepare for Technical Questions
Expect technical questions related to statistical methods and data modelling. Brush up on generalised linear modelling and non-linear techniques, as well as any relevant software like SAS and Emblem, to show your expertise.
✨Communicate Clearly and Confidently
Effective communication is key in this role. Practice explaining complex data insights in a clear and logical manner, as you'll need to present findings to various stakeholders. Confidence in your delivery can make a significant difference.
