At a Glance
- Tasks: Transform insurance pricing data into actionable insights and communicate findings confidently.
- Company: Join a leading team at Defaqto, trusted by top UK insurance providers.
- Benefits: Enjoy a competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Supportive environment with mentorship opportunities and career development.
- Why this job: Make a real impact in the insurance industry with your analytical skills.
- Qualifications: Experience in insurance or finance, strong SQL and Excel skills required.
The predicted salary is between 54000 - 66000 £ per year.
Market Pricing is a specialist team within Defaqto, focused on price tracking across the general insurance market. Our data and insights are trusted by 80% of the UK's top general insurance providers to inform their pricing decisions, and we've built deep expertise in understanding how and why pricing trends shift across the market.
Role Overview: You'll turn Defaqto's insurance pricing data into clear, actionable insight for our clients. You'll analyse market trends, identify what is driving changes in pricing and competition, and communicate your findings with confidence. You'll own the monthly insights output, work closely with the Product Manager to shape and improve our products, and play an active role in developing new ways of turning our data into value for clients. You'll also line manage a Market Analyst, supporting their development and helping them build their analytical and industry knowledge.
What you'll do:
- Own the monthly insights output
- Query and interrogate large volumes of insurance pricing data to identify meaningful trends and patterns
- Work with complex, messy or incomplete data, cleaning and structuring it to produce reliable analysis
- Analyse market pricing to understand trends, movements and competitive dynamics
- Deliver monthly client calls, presenting pricing insights clearly and confidently
- Support client acquisition through product demonstrations, meetings and other client-facing activity
- Build strong relationships with clients and understand how they use our data to support their businesses
- Contribute insight and analysis to media materials covering insurance pricing and market trends
- Support product development
- Line manage and support the development of a Market Analyst, helping them grow their analytical and industry expertise
What you'll need to succeed:
Essential requirements:
- Experience in insurance, financial services or a related analytical field
- Working knowledge of SQL and Excel
- Strong analytical skills, with the ability to interpret trends and patterns in data and turn them into meaningful insight
- Experience working with large or complex datasets, including cleaning, validating and structuring messy data
- The ability to communicate data-driven findings clearly to non-technical audiences
- Confidence presenting analysis and insights to clients
- Experience contributing to, or taking ownership of, product development or improvement
Desirable requirements:
- Experience within the insurance or wider financial services industry
- Knowledge of VBA
- Previous client-facing experience
- Experience managing, mentoring or developing junior colleagues
Your approach to work: You’ll bring strong analytical skills and curiosity to your work, with the confidence to get into large datasets, untangle complex information and identify what really matters. Just as importantly, you’ll be confident taking your findings beyond the data. Whether you’re presenting to a client, contributing to a media story or working with the Product Manager, you’ll be able to explain complex analysis clearly, challenge assumptions and communicate insight with authority.
Important to know: This is a hybrid role, with two days per week in our Farringdon office. Applicants must already hold a legal right to work in the UK without time restrictions and without the need for future sponsorship. We are unable to provide Skilled Worker visa sponsorship.
Market Insights Consultant employer: SimplyBiz PLC
SimplyBiz PLC is an exceptional employer located in Huddersfield, offering a dynamic and supportive work environment for aspiring finance professionals. With a strong emphasis on employee growth, you will have the opportunity to progress within the company while receiving support for relevant qualifications. The collaborative culture and focus on continuous improvement make it a rewarding place to build your career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Market Insights Consultant
✨Get Involved in Data Science Meetups
Tap into local data science meetups or workshops to connect with fellow enthusiasts and professionals. These events are goldmines for networking, and sometimes even lead directly to job openings at companies like SimplyBiz PLC!
✨Show Off Your Projects
Start building a public portfolio showcasing your data science projects on platforms like GitHub or personal websites. Highlight unique analyses or models you've developed. This not only demonstrates your skills but also gets your name out there for roles like Market Insights Consultant at SimplyBiz PLC.
✨Leverage Professional Networks
Join professional bodies related to data science, like the Data Science Society or similar organisations. Getting involved can lead to mentorship opportunities and insider knowledge about full-time positions at companies like SimplyBiz PLC.
✨Apply Directly through Our Website
When you find a suitable opening like Market Insights Consultant at SimplyBiz PLC, make sure to apply directly through our website. It gives you an edge and shows you're keen to join our team. Plus, who doesn’t love a direct application? It’s easier than navigating through job boards!
We think you need these skills to ace Market Insights Consultant
Some tips for your application 🫡
Show Off Your Projects:In the world of data science, your projects can speak volumes about your skills. Make sure to showcase a few key projects in your CV or portfolio, especially those that highlight your ability to work with data sets, build models, or use relevant tools like Python, R, or SQL. Don’t forget to include links to any GitHub repositories if applicable!
Quantify Your Achievements:Employers love numbers! When drafting your CV, highlight your achievements with quantifiable results. For instance, mention how your data analysis led to a certain percentage increase in efficiency or revenue at a previous job or project. These details can really make your application pop!
Craft a Tailored Cover Letter:For a full-time role at SimplyBiz PLC, your cover letter should reflect your passion for data science and your excitement about the specific projects or values of the company. Dive into why you’re a good fit, how your skills align with their needs, and any unique perspectives you can bring to the team.
Stand Out with Relevant Courses and Certifications:Although experience talks, relevant courses or certifications can be your ticket to impressing hiring managers at SimplyBiz PLC. Mention any standout courses you've completed that equipped you with essential skills, such as machine learning certifications or data visualisation courses. This shows your commitment to continuously developing your skills in the field!
How to prepare for a job interview at SimplyBiz PLC
✨Brush Up on Your Statistics
For a data science role, we need to seriously sharpen our statistics skills. Get ready to tackle technical questions on probability distributions, hypothesis testing, and regression analysis. These are often the bread and butter of data science interviews, so don't just skim over them!
✨Showcase Your Projects
Prepare a killer portfolio showcasing your data science projects. We should include details about the datasets used, the tools and techniques applied, and the impact of your findings. If we can walk them through a particularly challenging project or a cool visualisation that had real-world implications, it’ll really make us stand out!
✨Get Comfortable with Python and R
Most data science positions require us to be proficient in programming languages like Python and R. We should practice common libraries like pandas, NumPy, and scikit-learn, and be ready for live coding exercises or algorithm questions. Showing off our coding chops can really impress the interviewers at SimplyBiz PLC!
✨Prepare for Case Studies
Expect to encounter real-world case studies during the interview. We might be asked how we’d approach a data problem or analyse a dataset to extract insights. It's essential to think out loud and demonstrate our problem-solving process so that the interviewer can see our logical thinking in action.
