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- Tasks: Create innovative pricing solutions and coach team members in a dynamic environment.
- Company: Join Markerstudy Group, a leading force in the UK insurance market.
- Benefits: Enjoy remote work flexibility, competitive salary, and career development opportunities.
- Why this job: Make a real impact with your analytical skills and cutting-edge tools.
- Qualifications: Quantitative degree and experience in statistical programming languages required.
- Other info: Be part of a fast-paced team with excellent growth potential.
The predicted salary is between 36000 - 60000 £ per year.
Locations: This can be a largely remote position with the occasional travel to the office closest to you. We have offices based in Manchester, Stoke, London and Peterborough.
Role Overview: Markerstudy Group are looking for a Principal Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines. You will utilise your technical expertise, in-depth knowledge of the insurance industry and market leading tools to produce creative and actionable pricing solutions. This role requires a large element of coaching team members and championing best practice across the department. Reporting to our Associate Director, you will make use of WTW Radar and Emblem and you will have responsibility for the development and maintenance of predictive models (GLM) and price optimisation including machine learning algorithms (GBM), LTV (Lifetime Value) and fair pricing principles, ultimately creating value for our customers.
Bringing best in class pricing experience, you’ll be expected to provide pricing proposals considering customer and commercial outcomes, communicating these in a compelling, impactful way to all levels of stakeholders to help us make the right decisions at the right times. You’ll work on multiple priorities within a fast-paced, dynamic environment. You’ll need to be able to manage the expectations of stakeholders alongside prioritising your workload.
As a Principal Pricing Analyst, you will use your advanced analytical skills to:
- Be a key stakeholder influencing the direction of Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets and Clustering.
- Have experience in statistical and data science programming languages (e.g. R, Python, PySpark, SAS, SQL).
- Hold a quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science).
- Have experience of WTW’s Radar software.
- Be proficient at communicating results in a concise manner both verbally and in writing.
About us: Markerstudy Group is a major force in the UK general insurance market, combining scale with innovation. Markerstudy Group has deep product and distribution reach through multiple brands and an experienced leadership foundation coordinating diverse and fast-evolving business units. The Group employs more than 6,000 people across the UK.
Principal Pricing Analyst employer: Markerstudy Group
Contact Detail:
Markerstudy Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those who work with pricing. Use LinkedIn to connect and engage with them; you never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by practising common questions related to pricing analysis. Think about how you can showcase your experience with tools like WTW Radar and your knowledge of predictive models. We want to see your passion and expertise shine through!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings at Markerstudy Group and tailor your approach to show why you’re the perfect fit for us!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to remind them of your great fit for the Principal Pricing Analyst role.
We think you need these skills to ace Principal Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Principal Pricing Analyst role. Highlight your experience with predictive models, pricing strategies, and any relevant programming languages like R or Python. 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 your background makes you a perfect fit for our team. Don’t forget to mention your experience with WTW Radar and your coaching abilities.
Showcase Your Analytical Skills: In your application, be sure to showcase your analytical skills and experience with statistical methods. We love seeing examples of how you've used data to drive decisions and create value in previous roles. Make it clear how you can bring that expertise to us!
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 candidates who take the initiative to connect with us directly!
How to prepare for a job interview at Markerstudy Group
✨Know Your Numbers
As a Principal Pricing Analyst, you'll be expected to have a strong grasp of statistical concepts and data analysis. Brush up on your knowledge of GLMs, GBMs, and other relevant algorithms. Be ready to discuss how you've applied these in past roles, as well as any specific projects where you’ve used tools like R or Python.
✨Showcase Your Communication Skills
This role involves communicating complex pricing strategies to various stakeholders. Prepare examples of how you've effectively communicated technical information in the past. Think about times when you had to tailor your message for different audiences, whether they were technical teams or non-technical stakeholders.
✨Demonstrate Leadership and Coaching
Since this position requires coaching team members, come prepared with examples of how you've mentored others in your previous roles. Highlight your approach to fostering best practices and how you’ve influenced your team’s performance positively.
✨Be Ready for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in a fast-paced environment. Think through potential challenges you might face in pricing analysis and how you would address them. This will show your ability to manage multiple priorities and stakeholder expectations effectively.
