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- Tasks: Develop and validate risk models using advanced statistics and machine learning.
- Company: Join Policy Expert, the UK's No.1-rated home insurer with a focus on innovation.
- Benefits: Enjoy a competitive salary, hybrid work, learning budget, and enhanced parental leave.
- Why this job: Make a real impact in the insurance industry while growing your skills and career.
- Qualifications: Experience in UK General Insurance and proficiency in statistical modelling and data handling.
- Other info: Dynamic team environment with opportunities for personal and professional development.
The predicted salary is between 36000 - 60000 £ per year.
Are you ready to transform the insurance industry? Policy Expert is a forward-thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience. Having achieved rapid growth since being founded in 2011, we’ve won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK’s No.1-rated home insurer by Review Centre since 2013.
The Home Risk Pricing Team is responsible for developing the most accurate and comprehensive view of customer risk. Our goal is to consistently improve this through the use of advanced statistics & machine learning, rich datasets and a cloud-native infrastructure.
About the Risk Pricing team: We are seeking bright, ambitious individuals eager to make a meaningful impact and accelerate their growth. You will be supported by experienced leaders who are deeply committed to your development and success. As a lean, hands-on team, we offer a unique opportunity to take on responsibility early, drive real change, and grow alongside the business.
Your day to day:
- Model Development: Oversee the end-to-end design, build and validation of our Risk Models using various modelling techniques such as GLM’s and GBM’s within Emblem or Python.
- Monitoring: Implement and maintain a monitoring framework to flag underperforming models and the necessary actions needed to be taken.
- Research & Development: Explore and create new data sources, modelling techniques and any other innovative methods to improve the overall Risk Pricing Function and become industry leading.
- Collaboration Across Teams: Partner with Underwriting, Fraud, Risk & Reserving, Tech and Home Retail Pricing to bring together projects and ideas into actioned results.
- Stakeholder Communication: Present model outputs of your work across the business to various teams such as Retail, Finance and Underwriting ensuring that the value of Risk Pricing is clearly understood and leveraged.
Who are you: We know we have high expectations, so please don’t worry if you don’t tick all the boxes, you’ll certainly learn on the job!
- Experience in UK General Insurance (Motor and/or Home), with a solid understanding of pricing principles and regulatory governance.
- Familiarity with pricing / modelling software: e.g. Emblem, Radar, Earnix etc.
- Hands-on experience with statistical modelling (e.g. GLMs, GBMs, clustering) applied to risk pricing.
- Data proficiency: SQL, Experience handling large, complex datasets.
- Strong communication skills, with the ability to present technical insights to non-technical stakeholders.
- Demonstrated ability to manage and prioritise multiple projects in a fast-paced environment.
- Comfortable working independently, with a proactive, organised, and detail-oriented approach.
Nice-to-have:
- Familiarity with Data Modelling and creation of data pipelines.
- Familiarity of developing and implementing Risk Models end-to-end.
- Experience with cloud platforms (e.g. AWS/GCP/Azure).
This role will be based in our London office in a 50/50 Hybrid mode.
We match your pension contributions up to 7%.
Learning budget of £1,000 a year + Study leave (with encouragement to use it).
Enhanced maternity & paternity.
Travel season ticket loan.
Access to a wide selection of London O2 events and use of a Private Lounge.
Prayer room in office.
What We Stand for and Next Steps: We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual’s skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment. At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please do not hesitate to let us know. We are dedicated to ensuring every candidate has an equal opportunity to succeed and will work with you to provide the necessary support. We aim to be in touch within 14 working days of your application – you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements. Interested in building your career at Policy Expert? Get future opportunities sent straight to your email.
Home Risk Pricing Analyst employer: Policy Expert
Contact Detail:
Policy Expert Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Home Risk Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in risk pricing. Use platforms like LinkedIn to connect and engage with them. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss GLMs, GBMs, and any modelling software you’ve used. Practise explaining complex concepts in simple terms – it’ll impress those non-technical stakeholders!
✨Tip Number 3
Showcase your passion for data! When you get the chance, share examples of how you've used data to drive decisions or improve processes. This will highlight your proactive approach and make you stand out as a candidate who’s ready to make an impact.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, keep an eye on our careers page for new opportunities that match your skills and interests. We’re excited to see what you bring to the table!
We think you need these skills to ace Home Risk Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Home Risk Pricing Analyst role. Highlight any relevant experience in UK General Insurance and your familiarity with pricing principles to catch our eye!
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples of how you've applied statistical modelling techniques or worked with large datasets. We love seeing real-world applications of your expertise.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Share your passion for transforming the insurance industry and how you can contribute to our team. Make it personal and engaging – we want to know what makes you tick!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at Policy Expert!
How to prepare for a job interview at Policy Expert
✨Know Your Models
Make sure you brush up on your knowledge of statistical modelling techniques like GLMs and GBMs. Be ready to discuss how you've applied these in past roles, especially in risk pricing. This will show that you understand the core responsibilities of the Home Risk Pricing Analyst position.
✨Data Proficiency is Key
Familiarise yourself with SQL and any relevant data handling tools. Be prepared to talk about your experience with large datasets and how you've used them to drive insights. This will demonstrate your technical skills and your ability to contribute to the team from day one.
✨Communicate Clearly
Practice explaining complex concepts in simple terms. Since you'll be presenting model outputs to non-technical stakeholders, being able to communicate effectively is crucial. Think of examples where you've successfully conveyed technical information to a diverse audience.
✨Show Your Collaborative Spirit
The role involves working closely with various teams, so be ready to share examples of how you've collaborated in the past. Highlight your ability to partner with different departments and how you’ve contributed to successful projects. This will showcase your teamwork skills and adaptability.
