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For Companies At a Glance
- Tasks: Lead and innovate in pricing analysis, building models and mentoring junior analysts.
- Company: Dynamic company in South Birmingham with a focus on personal and commercial lines.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact by shaping pricing strategies and developing your technical skills.
- Qualifications: Numerical degree or relevant professional qualification; experience in pricing analysis preferred.
- Other info: Join a collaborative team that values innovation and customer focus.
The predicted salary is between 36000 - 60000 £ per year.
Purpose
Act as a technical role-model for the wider analyst team helping to coach, lead and train junior analysts. Design, build and implement pricing models and develop rating logic to meet defined requirements in line with policies, procedures and standards. Utilise specialist statistical pricing techniques, software skills and industry experience to improve the technical capability of the team and make recommendations to ensure the effective development and delivery of price.
Accountabilities
- Lead on and be the technical expert and referral point for a range of complex pricing analyses e.g., data engineering, predictive analytics, model build and design.
- Design, create, review and continuously improve models / rating algorithms / performance reports and effectively communicate results & insights to inform business decisions in line with regulatory and reporting requirements.
- Take responsibility for reviewing the quality control processes, pricing models and data to ensure they continually deliver the outputs required.
- Utilise technical expertise to coach, mentor and train team members, to improve technical capability and improve the ability of team members to self-manage their own work.
- Build and maintain relationships across Underwriting, Pricing, the wider Group and Programmes to influence where needed and ensure effective creation of solutions, development and delivery of price.
- Effectively communicate the outcomes of analyses, taking ownership of follow-up action to ensure an effective service to the team and business stakeholders.
- Identify and support the development and implementation of improvements and changes to processes, procedures and practices to ensure efficiency and customer service improvements and benefits are fully realised.
Personal Star
- Business Focus: Maintains and promotes the Guiding Principles of the organisation, demonstrates effective technical and business skills and a broad market understanding. Shares knowledge and expertise with others to enhance team and organisational success.
- Delivers Results: Creates a team environment, provides innovative ideas and challenges self and others to achieve higher levels of quality and output to achieve great results for their business.
- Executes Successfully: Shows initiative and instigates changes that deliver improvements for the area, promotes and responds positively to change and adjusts own approach to ensure success of changes and new ideas.
- Customer Focus: Puts customers first, fully considering their requirements to deliver high quality service to meet their needs at all times. Develops long lasting relationships with customers based on open communication, trust and mutual respect.
- Personal Effectiveness: Plans multiple activities and projects effectively, welcomes challenging goals and takes ownership of personal development to enhance performance and deliver successful results for the business.
Qualifications
Hold one of the following; degree (must be numerical), ACII, Accountancy qualification (ACA/ACCA), MBA or FIA.
Experience and Knowledge
The following experience is desirable:
- Significant experience of working in a pricing team in a technical capacity.
- Conducting advanced pricing analyses e.g. demand or loss cost models, RADAR algorithm constructions, customer impact analysis.
- Experience of making technical recommendations.
- Advanced software expertise – EMBLEM, Radar, R.
- Advanced progress towards, or completion of a professional qualification.
Pricing Analyst in Birmingham employer: The Emerald Group Ltd, Search and Selection
Contact Detail:
The Emerald Group Ltd, Search and Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst in Birmingham
✨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 refer you directly.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to pricing analysis. Use your knowledge of statistical techniques and software to showcase your expertise and problem-solving skills.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. Mention something specific from your conversation to remind them of your fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be perfect for you. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Pricing Analyst in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Analyst role. Highlight your experience with pricing models, statistical techniques, and any relevant software skills. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing analysis and how you can contribute to our team. Don't forget to mention any specific projects or achievements that showcase your skills.
Showcase Your Technical Skills: Since this role requires advanced software expertise, be sure to highlight your experience with tools like EMBLEM, Radar, and R. We love seeing candidates who can demonstrate their technical prowess in their applications!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you're keen on joining the StudySmarter family!
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Numbers
As a Pricing Analyst, you'll need to demonstrate your numerical prowess. Brush up on key statistical concepts and be ready to discuss how you've applied them in past roles. Prepare examples of pricing models or analyses you've worked on, as this will show your technical expertise.
✨Showcase Your Software Skills
Familiarity with software like EMBLEM, Radar, and R is crucial. Before the interview, ensure you can talk confidently about your experience with these tools. Consider preparing a mini-case study or example where you used these programmes to solve a complex pricing issue.
✨Communicate Clearly
You'll need to convey complex analyses to various stakeholders. Practice explaining your past projects in simple terms, focusing on the outcomes and insights. This will demonstrate your ability to communicate effectively, which is key for influencing decisions across teams.
✨Be a Team Player
The role involves coaching and mentoring junior analysts, so be prepared to discuss your leadership style. Think of examples where you've helped others improve their skills or contributed to team success. Highlighting your collaborative approach will resonate well with the interviewers.