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- Tasks: Develop and maintain risk pricing models while collaborating with various teams.
- Company: Join a fast-growing, innovative insurance company transforming the industry.
- Benefits: Hybrid work, generous pension, private medical cover, and a ÂŁ1,000 learning budget.
- Other info: Inclusive culture with excellent career growth opportunities and support for all candidates.
- Why this job: Make a real impact in a dynamic environment using advanced analytics and machine learning.
- Qualifications: Degree in Maths, Data, or related field; 1+ years in pricing or analytical roles.
The predicted salary is between 40000 - 50000 ÂŁ per year.
Policy Expert is a forward-thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience. Having achieved rapid growth since being founded in 2011, we’ve won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK’s No.1-rated home insurer by Review Centre since 2013.
About the pricing team: As one of the fastest growing Insurers in the UK, you will enjoy a fast-paced environment and thrive in a forward-thinking culture. You will be part of a team utilizing advanced analytics and machine learning techniques applied in pricing structures. You will be working in collaboration with the data engineering team and the quote engine team to support the bespoke pricing algorithms.
Your day to day: The Motor Risk Pricing Analyst is responsible for aiding the development and maintenance of risk pricing models and frameworks to support the delivery of profitable and competitive pricing strategies. Collaborating with Underwriting, Insurance Risk and Financial Planning and Analysis teams, this role plays a critical part in ensuring the accuracy and efficiency of risk-based pricing initiatives.
- Risk pricing: Develop and maintain robust risk models, underwriting overlays, and expense layers to ensure pricing accuracy and operational efficiency.
- Insights & Recommendations: Provide analytical insights and recommendations to inform pricing decisions and strategies.
- Risk model updates: Implement ad-hoc risk model changes driven by internal initiatives.
- Model performance monitoring: Track the performance of the models produced by the team (actuals vs predictions). Propose suggestions for models that are showing drift.
- Continuous improvement & Innovation: Support the identification and implementation of opportunities to enhance model sophistication, including data integration and process improvements.
Who are you: Degree in numerically based discipline e.g., Maths, Data, Statistics, Engineering. Data modelling techniques. 1+ years in pricing or analytical roles, in the insurance sector. Strong understanding of risk modelling, underwriting principles, and expense allocation. Proven ability to deliver projects within tight timelines. Proficiency in data modelling techniques and pricing tools; familiarity with machine learning applications is a plus. Strong problem-solving, stakeholder management, and communication skills.
Benefits: This role will be based in our London office in a 50/50 Hybrid mode. Generous Pension contribution scheme. Private medical & Dental cover. Learning budget of ÂŁ1,000 a year + Study leave (with encouragement to use it). Enhanced maternity & paternity. Travel season ticket loan. Access to a wide selection of London O2 events and use of a Private Lounge. Employee Wellbeing Programme.
What We Stand for and Next Steps: “We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual’s skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment.” At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please do not hesitate to let us know. We are dedicated to ensuring every candidate has an equal opportunity to succeed and will work with you to provide the necessary support. We aim to be in touch within 14 working days of your application – you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements.
Risk Pricing Analyst - Motor in London employer: the pricing team
Contact Detail:
the pricing team Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Pricing Analyst - Motor in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in pricing or analytics. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your data modelling techniques and risk pricing knowledge. We recommend practising common interview questions and having examples ready that showcase your problem-solving skills.
✨Tip Number 3
Show off your analytical insights! During interviews, be ready to discuss how you've used data to inform pricing decisions in the past. This will demonstrate your fit for the Motor Risk Pricing Analyst role.
✨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 Risk Pricing Analyst - Motor in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Pricing Analyst role. Highlight your experience in data modelling and any relevant projects you've worked on. 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 the insurance industry and how you can contribute to our team. Let us know what excites you about working at Policy Expert.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, be sure to mention specific tools or techniques you’ve used in previous roles. We love seeing examples of how you've applied your analytical skills to solve problems.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at the pricing team
✨Know Your Numbers
As a Risk Pricing Analyst, you'll be dealing with data and models all day. Brush up on your statistical knowledge and be ready to discuss specific data modelling techniques you've used in the past. This will show that you understand the core of the role and can hit the ground running.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled complex problems in previous roles. Think about times when you had to adapt pricing models or make recommendations based on data insights. This will demonstrate your analytical thinking and ability to deliver under pressure.
✨Understand the Company Culture
Policy Expert prides itself on being forward-thinking and customer-focused. Familiarise yourself with their values and recent achievements. During the interview, relate your experiences to their culture and express how you can contribute to their innovative environment.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, the tools they use for pricing, and how they measure model performance. This not only shows your interest in the role but also helps you gauge if the company is the right fit for you.