Senior Pricing Analyst - Modelling

Senior Pricing Analyst - Modelling

London Full-Time 60000 - 84000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead pricing analysis and develop innovative solutions in a remote role.
  • Company: Join Markerstudy, a top UK insurance provider with a strong market presence.
  • Benefits: Enjoy remote work flexibility and opportunities for professional growth.
  • Why this job: Be part of a dynamic team driving innovative pricing strategies in the insurance sector.
  • Qualifications: Experience in insurance pricing and proficiency in statistical programming languages required.
  • Other info: This role offers a chance to influence strategic decisions and coach team members.

The predicted salary is between 60000 - 84000 Β£ per year.

1 week ago Be among the first 25 applicants

Job Title: Senior Pricing Analyst – Modelling
This is a remote working opportunity.
Role Overview
Markerstudy Group are looking for a Senior Pricing Analyst (Modelling) to join a growing and established team.
You will be responsible for utilising your technical expertise and in-depth knowledge of the insurance industry and market leading tools to produce creative and actionable pricing solutions. This is to maximise Atlanta\’s ability to meet its strategy and annual plan but should also influence that strategy through regular identification of opportunities to Pricing Managers, Head of Pricing and the Executive Committee. This role requires a large element of coaching team members and championing modelling best practices across the department.
As a Senior Pricing Analyst – Modelling, you will use your advanced analytical skills to:

  • Provide technical leadership on WTW toolkit (in particular Emblem and Radar) to drive forward effective and efficient solutions which deliver business requirements and add demonstrable value
  • Provide thought leadership on modelling concepts
  • Lead and manage the development of effective and efficient solutions which deliver business requirements and add demonstrable value
  • Ensure that all team members follow quality assurance processes and manage risk adhering to all relevant policies
  • Research, develop and champion the use of best practice methods and standards and ensure they are embedded throughout the department
  • Plan, design and lead the development of Atlanta\’s pricing capability.
  • Through ongoing research, maintain an extensive knowledge of statistical techniques to ensure Atlanta has a market leading approach to analysis and modelling.
  • Assist Pricing Managers in making tactical and strategic decisions.
  • Deputise for Pricing Managers, Head of Pricing

Key Skills And Experience

  • Previous experience within general insurance pricing
  • Experience with some of the following predictive modelling techniques; Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets and Clustering
  • Experience in statistical and data science programming languages (e.g. R, Python, PySpark, SAS, SQL)
  • A quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)
  • Proven experience of modelling using WTW toolkit (Emblem and Radar)
  • Proficient at communicating results in a concise manner both verbally and written

Behaviours

  • Self-motivated with a drive to learn and develop
  • Logical thinker with a professional and positive attitude
  • Passion to innovate, improve processes and challenge the norm

About The Business
Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa Β£1.2b. The majority of business is written as the insurance pricing provider behind household names such as Co-op, Sainsbury\’s, O2, Halifax, AA, Saga and Lloyds Bank to list a few and Markerstudy also has a large and growing direct presence in the market as well.
Having acquired and successfully integrated Co-op Insurance Services in 2021 & BGLi in 2022, Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes.
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Seniority level

  • Seniority level

    Mid-Senior level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Finance

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Senior Pricing Analyst - Modelling employer: Thinkways Software Technologies Pvt. Ltd.

Markerstudy Group is an exceptional employer, offering a dynamic remote working environment that fosters innovation and professional growth. As a Senior Pricing Analyst - Modelling, you will be part of a collaborative team that values your expertise in the insurance industry while providing ample opportunities for coaching and leadership development. With a commitment to best practices and cutting-edge modelling techniques, Markerstudy empowers its employees to make impactful contributions to the business and advance their careers in a supportive culture.
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Contact Detail:

Thinkways Software Technologies Pvt. Ltd. Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Senior Pricing Analyst - Modelling

✨Tip Number 1

Familiarise yourself with the WTW toolkit, especially Emblem and Radar. Since this role requires technical leadership in these tools, demonstrating your proficiency during interviews can set you apart from other candidates.

✨Tip Number 2

Stay updated on the latest predictive modelling techniques and statistical methods relevant to the insurance industry. Being able to discuss recent advancements or case studies can showcase your passion and expertise in the field.

✨Tip Number 3

Prepare to discuss your experience in coaching and mentoring team members. This role involves a significant amount of leadership, so highlighting your ability to guide others will demonstrate your fit for the position.

✨Tip Number 4

Network with professionals in the insurance pricing sector. Engaging with industry peers can provide insights into the company culture at Markerstudy and may even lead to referrals, increasing your chances of landing an interview.

We think you need these skills to ace Senior Pricing Analyst - Modelling

Advanced Analytical Skills
Predictive Modelling Techniques
Logistic Regression
Generalised Boosted Models (GBMs)
Elastic Net Generalised Linear Models (GLMs)
Generalised Additive Models (GAMs)
Decision Trees
Random Forests
Neural Networks
Clustering Techniques
Statistical Programming Languages (R, Python, PySpark, SAS, SQL)
Technical Leadership
Quality Assurance Processes
Risk Management
Research and Development of Best Practices
Effective Communication Skills
Coaching and Mentoring
Logical Thinking
Passion for Innovation

Some tips for your application 🫑

Tailor Your CV: Make sure your CV highlights relevant experience in general insurance pricing and predictive modelling techniques. Use specific examples that demonstrate your expertise with tools like Emblem and Radar.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the insurance industry. Mention how your skills align with the responsibilities outlined in the job description, particularly your ability to lead and coach team members.

Showcase Technical Skills: Clearly list your proficiency in statistical programming languages such as R, Python, or SQL. Provide examples of projects where you applied these skills to achieve successful outcomes.

Highlight Leadership Experience: Emphasise any previous roles where you provided technical leadership or coached others. This is crucial for the Senior Pricing Analyst position, so make sure to include specific instances where you influenced team practices or improved processes.

How to prepare for a job interview at Thinkways Software Technologies Pvt. Ltd.

✨Showcase Your Technical Expertise

As a Senior Pricing Analyst, you'll need to demonstrate your in-depth knowledge of predictive modelling techniques and the WTW toolkit. Be prepared to discuss specific projects where you've successfully applied these skills, particularly with Emblem and Radar.

✨Communicate Clearly and Concisely

Effective communication is key in this role. Practice explaining complex modelling concepts in simple terms, as you will need to convey your findings to both technical and non-technical stakeholders. Use examples from your past experiences to illustrate your points.

✨Demonstrate Leadership and Coaching Skills

This position involves coaching team members and championing best practices. Prepare to share examples of how you've led teams or mentored colleagues in the past, highlighting your ability to inspire and guide others in a collaborative environment.

✨Stay Updated on Industry Trends

Research the latest trends in insurance pricing and statistical techniques. Being knowledgeable about current market practices will not only impress your interviewers but also show your passion for continuous learning and innovation in the field.

Senior Pricing Analyst - Modelling
Thinkways Software Technologies Pvt. Ltd.
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