At a Glance
- Tasks: Analyse pricing models and deliver innovative solutions to enhance profitability.
- Company: Join a fast-growing insurance company with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for career progression.
- Other info: Collaborative team culture with a passion for innovation and improvement.
- Why this job: Make an impact by shaping pricing strategies in a dynamic environment.
- Qualifications: Experience in pricing within insurance and proficiency in data science programming.
The predicted salary is between 63000 - 77000 £ per year.
We have an exciting new role available for a Portfolio Pricing Analyst to join our team within our rapidly growing personal lines underwriting. It's the perfect opportunity for someone looking to progress with a fast-growing company and make their mark on shaping our pricing models.
As a Pricing Analyst, you will use your advanced analytical skills to:
- Monitor our portfolio and deliver innovative pricing solutions.
- Use a blend of predictive analytics and commercial acumen to distil key trends and identify pricing actions.
- Contribute to the profitability of the products by meeting loss ratio targets and protecting capacity providers' financial results by balancing product volume and profitability.
The Pricing portfolio management team is responsible for developing new modelling techniques and processes and building and refreshing the risk models that underpin our rates that need to operate effectively in the aggregator channels.
Key Responsibilities:
- Support the design, development and implementation of a robust and innovative performance monitoring framework.
- Contribute to the continuous pricing cycle including development and deployment of tactical pricing initiatives, price optimisation proposals and price change opportunity & impact analytics.
- Work closely with the Underwriting team on risk appetite, product development and innovation supporting progression by providing performance and market analytical insight.
- Work closely with the Technical Modelling team on peril risk cost models ensuring product performance dynamics are suitably captured and fed back in technical models.
- Contribute to delivery of the pricing roadmap in line with the vision and long-term goals of the company.
Key Skills and Experience:
- Previous experience within a pricing function in insurance.
- 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 good quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science).
- Experience of WTWs Radar and Emblem software is preferred but not essential.
- 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.
Portfolio Pricing Analyst in Bath employer: Vermelo
As a Direct Marketing Executive in Manchester, you'll join a dynamic and supportive team that values collaboration and professional growth. The company offers a hybrid work environment, competitive benefits, and opportunities to enhance your marketing skills while working on exciting multi-channel campaigns. With a focus on employee development and a commitment to high standards, this role is perfect for those seeking meaningful and rewarding employment in the marketing field.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Pricing Analyst in Bath
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Vermelo. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Portfolio Pricing Analyst in Bath
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Vermelo.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Vermelo's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Vermelo
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Vermelo.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Vermelo will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Vermelo employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
