At a Glance
- Tasks: Shape pricing strategies and optimise data solutions for commercial insurance products.
- Company: Join Markerstudy, a leading UK insurance provider with a focus on innovation.
- Benefits: Enjoy private healthcare, life assurance, 25 days leave, and flexible hybrid working.
- Other info: Collaborative culture with clear career progression and professional development opportunities.
- Why this job: Make a real impact in a dynamic environment while driving value for customers.
- Qualifications: Experience in insurance pricing and proficiency in programming languages like R and Python.
The predicted salary is between 59400 - 72600 £ per year.
Location: Flexible hybrid working
About the role
Are you ready to use your technical expertise to shape pricing strategies? At Markerstudy, we're on a mission to redefine how we deliver value to our customers and the business. This is your opportunity to join our Pricing team and play a key role in managing and optimising data solutions that underpin our pricing capability.
In exceptional circumstances we support remote working with occasional travel to our offices.
Why this role matters
As Principal Pricing Analyst (Commercial Insurance) you will be responsible for the retail pricing of our small commercial insurance products offered by Markerstudy Business. To support our small business customers we provide Taxi, Commercial Van, Commercial Liability, and Property covers. These are sold via our call centre, web site and aggregator sites. We have big growth ambitions and have plans to launch new products and expand our offerings via the aggregator sites. This role sits within Markerstudy Retail, so will benefit from the support and expertise of the Personal Lines retail pricing team. You'll provide technical leadership on modelling and optimisation, champion best practices, and coach team members to introduce and embed sophisticated personal lines methodologies across our commercial products. Ultimately, you'll play a pivotal role in driving the evolution of our pricing capability and ensuring we stay ahead in a fast moving market.
What you'll do
- Lead the development and maintenance of predictive models (GLMs) and price optimisation techniques, including machine learning algorithms (GBM), Lifetime Value models (LTV), and fair pricing principles.
- Provide technical leadership on WTW Radar and Emblem, driving effective and efficient solutions.
- Research, develop, and champion best-practice methods; upskill the team through coaching and code reviews.
- Query and engineer large datasets (e.g., Python/R/SQL/PySpark) on modern platforms (e.g., Azure Databricks).
- Communicate pricing proposals and insights clearly and persuasively to stakeholders at all levels.
- Collaborate with Modelling, Optimisation, and Street Pricing teams to ensure solutions meet business objectives and are production ready.
- Coach and mentor team members, fostering a culture of innovation and continuous improvement.
What we're looking for
- Previous experience in general insurance pricing.
- Excellent communication skills to convey complex technical concepts to technical and non-technical audiences.
- A passion for innovation, continuous improvement and challenging the norm.
- Strong problem solving capabilities with the ability to apply market standard pricing techniques to non-standard products.
- Proficiency in programming languages such as R, Python, PySpark, SAS, or SQL.
- Good knowledge of Azure Databricks and modern data technologies.
- Technical expertise in predictive modelling techniques e.g. GLMs.
- Experience with WTW Radar software and optimisation tools.
- A quantitative degree in Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science, or similar proven experience.
What we offer
- A collaborative, fast-paced environment where innovation thrives.
- Private medical healthcare, life assurance (4x salary), and yearly bonus scheme.
- 25 days annual leave plus bank holidays (with options to buy more).
- Modern, vibrant offices and flexible hybrid working, with 2 days per week in the office.
- Clear opportunities for career progression and professional development.
About Markerstudy
Markerstudy Group is one of the UK's leading insurance providers, known for its innovative approach and rapid growth. With over 6,000 colleagues and 8 million customers, we deliver a wide range of motor, home, pet, and specialist insurance products through well-known brands like Swinton, Carole Nash, and Marmalade. We're passionate about using data, technology, and creativity to make insurance smarter and more accessible. Joining our Pricing team means you'll work across multiple areas of the business, gaining exposure to a wide variety of challenges and opportunities. You'll be central to shaping customer pricing strategies, driving value, and influencing decisions at the heart of a dynamic, forward-thinking organisation. As a business committed to sustainability and investing in its people, we're proud to hold Investors in People Gold accreditation. We offer clear opportunities for career progression, professional development, and the chance to make a real impact in a growing organisation where your work truly matters.
Ready to make your mark? Apply now and help lead the future of commercial pricing at Markerstudy.
Locations
Principal Pricing Analyst (commercial) in Cheshire, Warrington employer: Vermelo
Tradex Insurance is an exceptional employer that fosters a collaborative and innovative work culture, where employees are empowered to make impactful decisions. With a strong focus on professional development, employees have access to continuous learning opportunities and the chance to work closely with senior leaders in a dynamic environment. The role of 2nd Line Risk Partner offers the unique advantage of influencing key risk frameworks while travelling to vibrant locations like Manchester and Brentwood, ensuring a diverse and engaging work experience.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Pricing Analyst (commercial) in Cheshire, Warrington
✨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 Principal Pricing Analyst (commercial) in Cheshire, Warrington
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.
