At a Glance
- Tasks: Drive innovative pricing strategies using advanced data analysis and modelling techniques.
- Company: Join a rapidly growing insurance firm with a focus on data-driven solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with mentorship opportunities and career advancement.
- Why this job: Make a real impact in the competitive insurance market with your analytical skills.
- Qualifications: Experience in insurance pricing and proficiency in statistical programming languages.
The predicted salary is between 50000 - 60000 £ per year.
We are looking for a Senior Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines. As a Senior Pricing Analyst, you will use your advanced analytical skills to:
- Be a key stakeholder influencing the direction & outcome of projects across a range of personal lines products
- Create innovative data solutions finding new ways to mine insight & present data
- Build and maintain sophisticated models, prioritising a range of data science techniques
- Develop reporting structures to monitor pricing performance in an automated fashion
Working with either retail or technical pricing teams and closely with underwriting teams, your insight and recommendations will enable improvements to products and prices giving a critical advantage in the increasingly competitive insurance market.
Key Responsibilities:
- Develop a suite of advanced pricing models using a combination of traditional & data science techniques across Private Car, Commercial Vehicle & Home accounts
- Advance the adoption of data science & statistical techniques across pricing & underwriting
- Research and leverage new and existing data sources; capturing and explaining trends with innovative data features
- Communicate results to key decision makers across the business for action based on the results of pricing analysis
- Review observed & expected performance of key accounts
- Collaborate with peers in pricing, underwriting and data science
- Facilitate automation of repeatable tasks
- Using specialist software to monitor trends and review impact of pricing proposals
- Coaching and mentoring team members
Key Skills and Experience:
- Experience within general insurance pricing
- Extensive experience with GBMs and Elastic Net GLMs
- Experience with some of the following predictive modelling techniques preferred; GAMs, Neural Nets and Clustering
- Experience in statistical and data science programming languages (e.g. R, Python, PySpark, SAS, SQL)
- A good quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)
- Proficient in using WTWs Radar software
- Proficient at communicating results in a concise manner both verbally and written
Senior Technical Pricing Analyst employer: Stryker Corporation
Stryker Corporation is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the chance to thrive in a remote setting while being part of a leading medical communications team. With a strong emphasis on professional development and growth opportunities, employees are encouraged to enhance their skills and advance their careers, all while contributing to meaningful projects that impact healthcare globally.
