At a Glance
- Tasks: Lead a dynamic team to enhance data strategies and drive pricing accuracy.
- Company: Join Somerset Bridge Group, a forward-thinking company in the insurance sector.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Other info: Embrace a culture of innovation and continuous learning in a supportive environment.
- Why this job: Make a real impact by using data to shape customer experiences and business growth.
- Qualifications: Strong management skills, analytical mindset, and experience in pricing techniques required.
The predicted salary is between 90000 - 90000 £ per 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, prioritize 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, and 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 prioritization 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
Data Enrichment Manager in East Grinstead 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 in East Grinstead
✨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 strategies and think about how your skills can contribute. This will help you stand out and show that you're genuinely interested.
✨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 but impactful – you want to leave a lasting impression.
✨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 are proactive about their job search.
We think you need these skills to ace Data Enrichment Manager in East Grinstead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Data Enrichment Manager role. Highlight your experience in data management, team leadership, and any relevant analytical skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about data-driven decisions and how you can contribute to our team. Keep it engaging and relevant to the job description.
Showcase Your Skills: Don’t forget to showcase your technical skills, especially in tools like RADAR, Python, and SQL. We’re looking for someone who can interpret complex datasets, so give us examples of how you've done this in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
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 methodologies relevant to the role. Be prepared to discuss how you would leverage internal and external data to enhance pricing accuracy and customer understanding. Showing that you can think critically about data will impress the interviewers.
✨Showcase Your Leadership Skills
As a Data Enrichment Manager, you'll be leading a team. Prepare examples of how you've successfully managed teams in the past, focusing on your ability to motivate, delegate, and provide constructive feedback. Highlighting your management style will demonstrate your readiness for this role.
✨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. This shows that you're proactive and have a genuine interest in the industry.
✨Prepare for Cross-Functional Collaboration
The role involves liaising with various teams like Trading and Finance. Think of examples where you've successfully collaborated across departments. Being able to communicate complex data insights clearly to both technical and non-technical audiences is key, so practice articulating your thoughts.