At a Glance
- Tasks: Lead a dynamic team to enhance data strategies and drive pricing accuracy.
- Company: Join Somerset Bridge Group, a forward-thinking analytics and R&D powerhouse.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Why this job: Make a real impact in the insurance industry with innovative data solutions.
- Qualifications: Strong analytical skills, management experience, and a passion for data-driven decisions.
- Other info: Embrace a culture of continuous learning and professional growth.
The predicted salary is between 54000 - 126000 Β£ per year.
Data Enrichment ManagerDepartment: [SBL] Analytics and R&D
Employment Type: Permanent β Full Time
Location: Bristol
Compensation: Up to Β£90,000 / year
DescriptionAt 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\βs 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\βll 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\βs 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, coβfunds, 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\βll 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 β 2 days in the office and 3 days working from home
25 days annual leave, rising to 27 days over 2 years\β service and 30 days after 5 years\β service. Plus bank holidays!
Discretionary annual bonus
Pension scheme β 5% employee, 6% employer
Flexible working β we will always consider applications for those who require less than the advertised hours
Flexi-time
Healthcare Cash Plan β claim cashback on a variety of everyday healthcare costs
Electric vehicle β salary sacrifice scheme
100\βs of exclusive retailer discounts
Professional wellbeing, health & fitness app β Wrkit
Enhanced parental leave, including time off for IVF appointments
Religious bank holidays β if you don\βt celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
Life Assurance β 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
Contact Detail:
Somerset Bridge Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Data Enrichment Manager
β¨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.
β¨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. Tailor your answers to show you're the perfect fit for their Data Enrichment Team.
β¨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. Get comfortable discussing your experience with data analysis and pricing strategies, so you can impress them when it counts.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and engaged with our brand.
We think you need these skills to ace Data Enrichment Manager
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Data Enrichment Manager role. Highlight your experience in data analysis, team management, and any relevant tools like RADAR or SQL. We want to see how your skills align 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 make it personal β we love a good story!
Showcase Your Analytical Skills: In your application, donβt forget to showcase your analytical mindset. Share examples of how you've used data to drive decisions or improve processes in previous roles. Weβre all about innovative solutions here at StudySmarter!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get the best experience possible. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Somerset Bridge
β¨Know Your Data Inside Out
As a Data Enrichment Manager, you'll need to demonstrate a deep understanding of data sources and their applications. Brush up on your knowledge of statistical methods, pricing techniques, and the tools mentioned in the job description like RADAR, Python, and SQL. Be ready to discuss how you've used these in past roles.
β¨Showcase Your Leadership Skills
This role requires strong management and mentoring abilities. Prepare examples of how you've led teams, prioritised tasks, and motivated team members in previous positions. Highlight any specific achievements that showcase your ability to develop high-performing teams.
β¨Stay Current with Market Trends
The insurance market is dynamic, so it's crucial to stay informed about competitor activity and emerging trends. Research recent developments in the industry and be prepared to discuss how they might impact the company's data enrichment strategy during your interview.
β¨Communicate Complex Insights Clearly
You'll need to present complex data insights to both technical and non-technical audiences. Practice explaining intricate concepts in simple terms. Consider preparing a brief presentation or example of how you've effectively communicated data-driven decisions in the past.