Senior Pricing Analyst - Modelling
Senior Pricing Analyst - Modelling

Senior Pricing Analyst - Modelling

Manchester Full-Time 48000 - 72000 £ / year (est.) No home office possible
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Vermelo RPO

At a Glance

  • Tasks: Lead pricing analysis and develop innovative solutions in a dynamic insurance environment.
  • Company: Markerstudy is a top UK insurance provider, insuring millions of vehicles and partnering with major brands.
  • Benefits: Enjoy hybrid working, professional development opportunities, and a chance to influence industry practices.
  • Why this job: Join a forward-thinking team that values innovation and offers a platform for your analytical skills.
  • Qualifications: You need experience in insurance pricing and proficiency in statistical programming languages.
  • Other info: This role includes coaching team members and shaping the future of pricing strategies.

The predicted salary is between 48000 - 72000 £ per year.

Job Title: Senior Pricing Analyst – Modelling Locations: hybrid working for our Manchester Office (Salford) 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 £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

Vermelo RPO

Contact Detail:

Vermelo RPO 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. Understanding these tools inside out will not only help you in interviews but also demonstrate your commitment to the role.

✨Tip Number 2

Stay updated on the latest trends in predictive modelling techniques like Logistic Regression and Neural Nets. Being able to discuss recent advancements can set you apart from other candidates.

✨Tip Number 3

Network with professionals in the insurance pricing field. Engaging with others can provide insights into the company culture and expectations, which can be invaluable during your application process.

✨Tip Number 4

Prepare to showcase your analytical skills through practical examples. Be ready to discuss how you've used statistical programming languages like R or Python in past projects to solve complex problems.

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

Advanced Analytical Skills
Predictive Modelling Techniques
Statistical Programming Languages (R, Python, PySpark, SAS, SQL)
Experience with WTW Toolkit (Emblem and Radar)
Quantitative Degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science)
Communication Skills (Verbal and Written)
Coaching and Mentoring Skills
Quality Assurance Processes
Risk Management
Research and Development of Best Practices
Strategic Thinking
Problem-Solving Skills
Self-Motivated and Driven to Learn
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. Emphasise your proficiency with the WTW toolkit, particularly Emblem and Radar, as well as your programming skills in languages like R or Python.

Craft a Compelling Cover Letter: In your cover letter, express your passion for innovation and process improvement. Mention specific examples of how you've used your analytical skills to drive business results in previous roles, and how you can contribute to Markerstudy's goals.

Showcase Your Technical Skills: Clearly outline your experience with statistical techniques and data science programming languages in your application. Provide examples of projects where you've successfully applied these skills to solve complex problems.

Highlight Leadership Experience: Since the role involves coaching team members and providing technical leadership, be sure to include any relevant leadership experiences. Discuss how you've mentored others or led projects that required collaboration and strategic decision-making.

How to prepare for a job interview at Vermelo RPO

✨Showcase Your Technical Expertise

Make sure to highlight your experience with predictive modelling techniques and the WTW toolkit, especially Emblem and Radar. Be prepared to discuss specific projects where you've successfully applied these tools to deliver actionable pricing solutions.

✨Demonstrate Leadership Skills

As this role involves coaching team members, share examples of how you've led teams or mentored colleagues in the past. Discuss your approach to fostering a collaborative environment and ensuring best practices in modelling are followed.

✨Communicate Clearly and Concisely

Since effective communication is key, practice explaining complex statistical concepts in simple terms. Prepare to present your findings from previous analyses in a way that would resonate with both technical and non-technical stakeholders.

✨Stay Updated on Industry Trends

Research current trends in the insurance industry and be ready to discuss how they might impact pricing strategies. Showing that you have a finger on the pulse of the market will demonstrate your commitment to continuous learning and innovation.

Senior Pricing Analyst - Modelling
Vermelo RPO
Location: Manchester
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