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For Companies At a Glance
- Tasks: Use advanced analytics to shape pricing strategies and drive innovation in insurance.
- Company: Join Markerstudy, a leading UK insurance provider with a dynamic team.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact on pricing strategies for well-known brands.
- Qualifications: 2+ years in insurance pricing and experience with data science techniques.
- Other info: Collaborative environment with a focus on innovation and personal development.
The predicted salary is between 36000 - 60000 £ per year.
Locations: Haywards Heath or Manchester (Hybrid)
Role Overview
Markerstudy Group are looking for a Senior Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines. Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, a percentage of commercial vehicles and over a percentage of motorcycles in total premium levels of circa £1.2b. The majority of business is written as the insurance pricing provider behind household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga and Lloyds Bank, to list a few. Markerstudy also has a large and growing direct presence in the market.
Having acquired and successfully integrated Co-op Insurance Services, Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes.
As a Senior Pricing Analyst, you will use your advanced analytical skills to:
- Be a key stakeholder influencing the direction & outcome of projects across a range of personal lines products
- Create innovative data solutions finding new ways to mine insight & present data
- Build and maintain sophisticated models, prioritising a range of data science techniques
- Develop reporting structures to monitor pricing performance in an automated fashion
- Work with either retail or technical pricing teams and closely with underwriting teams, enabling improvements to products and prices
Key Responsibilities
- Develop a suite of advanced pricing models using a combination of traditional & data science techniques across Private Car, Commercial Vehicle & Home accounts
- Advance the adoption of data science & statistical techniques across pricing & underwriting
- Research and leverage new and existing data sources; capturing and explaining trends with innovative data features
- Communicate results to key decision makers across the business for action based on the results of pricing analysis
- Review observed & expected performance of key accounts
- Collaborate with peers in pricing, underwriting and data science
- Facilitate automation of repeatable tasks
- Use specialist software to monitor trends and review impact of pricing proposals
- Coach and mentor team members
Key Skills and Experience
- Minimum of 2 years’ experience within general insurance pricing
- Experience with some of the following predictive modelling techniques: Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets and Clustering
- Experience 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 of WTW’s Radar software is preferred
- Proficient at communicating results in a concise manner both verbally and written
Behaviours
- Self-motivated with a drive to learn and develop
- Logical thinker with a professional and positive attitude
- Passion to innovate, improve processes and challenge the norm
- Personality and a sense of humour
Senior Pricing Analyst in Manchester employer: Markerstudy Group
Contact Detail:
Markerstudy Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst in Manchester
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working at Markerstudy or similar companies. A friendly chat can open doors and give you insights that might just help you land that Senior Pricing Analyst role.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies showcasing your analytical prowess and innovative data solutions. When you get the chance to chat with hiring managers, let them see how you can bring value to their pricing team.
✨Tip Number 3
Be ready for the interview! Brush up on your knowledge of predictive modelling techniques and be prepared to discuss how you've used them in past roles. Confidence in your expertise will make a great impression!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the Markerstudy team. Let’s get you that Senior Pricing Analyst position!
We think you need these skills to ace Senior Pricing Analyst in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Pricing Analyst role. Highlight your experience with predictive modelling techniques and any relevant software you've used. 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 analysis and how you can contribute to our innovative team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical skills. Mention specific projects where you've used data science techniques or built models. We’re keen to see how you’ve tackled challenges in the past!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Markerstudy Group
✨Know Your Numbers
As a Senior Pricing Analyst, you'll be expected to have a solid grasp of various predictive modelling techniques. Brush up on your knowledge of Logistic Regression, GBMs, and other methods mentioned in the job description. Be ready to discuss how you've applied these techniques in past roles.
✨Showcase Your Analytical Skills
Prepare to demonstrate your advanced analytical skills during the interview. Think of specific examples where you've created innovative data solutions or built sophisticated models. Use these examples to illustrate your problem-solving abilities and how they can benefit Markerstudy.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex data insights in a simple, concise manner. You might be asked to present your findings, so consider how you would convey your results to decision-makers who may not have a technical background.
✨Emphasise Collaboration
This position involves working closely with various teams, including underwriting and data science. Be prepared to discuss your experience in collaborative environments and how you’ve successfully worked with others to achieve common goals. Highlight any mentoring or coaching experiences as well!
