At a Glance
- Tasks: Lead a dynamic team to enhance data strategies and drive innovative pricing solutions.
- Company: Join Somerset Bridge Group, a leader in the insurance industry focused on innovation and customer service.
- Benefits: Enjoy flexible working, generous leave, healthcare cash plan, and exclusive discounts.
- Why this job: Make a real impact in the insurance sector while developing your skills in a supportive environment.
- Qualifications: Strong analytical skills and experience in pricing techniques; knowledge of data science is a plus.
- Other info: Hybrid working model with opportunities for professional growth and a culture of continuous learning.
The predicted salary is between 48000 - 72000 £ per year.
Department: [SBL] Analytics and R&D
Location: Bristol
Compensation: Up to £90,000 / year
At Somerset Bridge Group we are seeking a Data Enrichment Manager to build and lead our Data Enrichment Team, supporting the Head of Analytics and R&D in achieving the overall objectives of the function as a whole. The successful candidate will take ownership of developing and delivering the company\’s data enrichment strategy, ensuring the effective use of internal and external data to enhance pricing accuracy, underwriting insight and customer understanding.
Through innovative and responsible use of data, help the business deliver the right prices to the right customers in a dynamic and competitive market, driving sustainable growth, improved trading performance and fair value for customers in line with regulatory expectations and company goals.
What you\’ll be responsible for:
Lead the Data Enrichment Team towards the delivery of objectives
Manage workload, prioritise and delegate tasks within the Data Enrichment Team to ensure timely delivery of initiatives
Define clear goals for the team, provide constructive feedback, and support professional development
Motivate members of the Data Enrichment Team
Continuously search for available new data sources
Deliver a steady flow of high-quality rate change proposals
Oversee deployment of approved rate changes
Liaise with other teams (Trading, Finance, operational teams, etc.) to highlight predicted impact of upcoming rate changes
Collaborate with IT and data engineering teams to ensure data infrastructure and pipelines are robust, scalable, and secure
Always keep customers in mind to ensure good value to customers, with extra attention to vulnerable customers
Stay informed on market developments, competitor activity, and emerging trends; react if/as necessary
Understand all the data currently available; highlight concerns & propose solutions
Identify opportunities to harvest value from existing or new data sources; generate new rating factors
Work with internal stakeholders and suppliers to explore new data enrichment opportunities (DPIA, contracts, invoices, etc.)
Fully understand every aspect of the premium calculation; understand how RADAR and rate changes in RADAR work
Stay abreast of the latest advancements in data science and machine learning, identify opportunities to incorporate new technologies and methodologies into the team\’s work
Promote a culture of continuous learning, encourage the exploration of innovative data-driven solutions
Identify leaks & opportunities and propose pricing adjustments to improve performance
Identify, report, and action breaches and pricing errors
Work with internal stakeholders and suppliers to deliver objectives (contracts, DPIAs, invoices, co-funds, etc.)
Ensure compliance with all relevant regulatory requirements and industry standards in pricing strategies and practices
Promote data governance best practices, ensuring data integrity, quality, and security in all pricing activities
Document rate changes, models, processes, and analytical methodologies for transparency and audit purposes
Continuously search for ways to do things better; question everything, think outside the box
What you\’ll need:
Strong management and mentoring skills to develop a high-performing team of pricing professionals
Strong analytical mindset
Logical thinker
Question everything; search for innovative new solutions
Passion for data driven decisions
Underwriting experience
Proficiency in pricing techniques, statistical modelling, and predictive analytics
Knowledge of the insurance market and competitive dynamics
Commercial awareness and drive for practical outcomes
Comprehensive understanding of the motor insurance industry, its regulatory environment, and market trends
Ability to develop long-term pricing strategies that balance customer satisfaction, profitability, and market competitiveness
Exceptional capability to interpret and synthesize large and complex datasets into actionable pricing recommendations
Advanced knowledge of tools such as RADAR, Python, R, SQL, Excel, and data visualization platforms (e.g., Tableau, Power BI)
Strong cross-functional collaboration
Good communication skills; ability to present complex data insights clearly and persuasively to both technical and non-technical audiences (both in writing and verbal)
Desire and capability of strategic planning
Strong prioritisation and delegation skills
Deep knowledge of statistical methods and general insurance pricing methods and techniques
Stakeholder management skills
Programming skills
Deep knowledge and understanding of data science / mathematics (at least one area) would be an advantage
Our Benefits:
Hybrid working – 2 days in the office and 3 days working from home
25 days annual leave, rising to 27 days over 2 years\’ service and 30 days after 5 years\’ service. Plus bank holidays!
Discretionary annual bonus
Pension scheme – 5% employee, 6% employer
Flexible working – we will always consider applications for those who require less than the advertised hours
Flexi-time
Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
Electric vehicle – salary sacrifice scheme
100\’s of exclusive retailer discounts
Professional wellbeing, health & fitness app – Wrkit
Enhanced parental leave, including time off for IVF appointments
Religious bank holidays – if you don\’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
Life Assurance – 4 times your salary
25% Car Insurance Discount
20% Travel Insurance Discount
Cycle to Work Scheme
Employee Referral Scheme
Community support day
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Data Enrichment Manager employer: Somerset Bridge Group
Contact Detail:
Somerset Bridge Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Data Enrichment Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their data enrichment strategies and think about how your skills can contribute. Show them you’re not just another candidate, but someone who’s genuinely interested in their mission.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the role of Data Enrichment Manager. Keep it concise and focus on how you can help the team achieve its objectives.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Data Enrichment Manager
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Data Enrichment Manager role. Highlight your experience in data management and team leadership, and show us how your skills align with our goals at Somerset Bridge Group.
Showcase Your Analytical Skills: We want to see your analytical mindset in action! Include examples of how you've used data to drive decisions or improve processes. This will help us understand your approach to problem-solving and innovation.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point while still showcasing your personality.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Somerset Bridge Group
✨Know Your Data Inside Out
Before the interview, dive deep into the data sources and tools mentioned in the job description, like RADAR, Python, and SQL. Be prepared to discuss how you’ve used these tools in past roles and how they can enhance pricing accuracy and customer understanding.
✨Showcase Your Leadership Skills
As a Data Enrichment Manager, you'll be leading a team. Think of examples where you've successfully managed or mentored others. Highlight your ability to motivate and develop a high-performing team, as this will resonate well with the interviewers.
✨Stay Current with Industry Trends
Familiarise yourself with the latest developments in the insurance market and data science. Be ready to discuss how emerging trends could impact the company’s data enrichment strategy and how you would incorporate innovative solutions into your work.
✨Prepare for Cross-Functional Collaboration
You’ll need to liaise with various teams, so think about your experiences working cross-functionally. Prepare to share specific examples of how you’ve effectively communicated complex data insights to both technical and non-technical audiences.