At a Glance
- Tasks: Lead innovative pricing solutions and develop predictive models using advanced technical skills.
- Company: Join Markerstudy, a leading UK insurance provider known for innovation and growth.
- Benefits: Enjoy private medical insurance, life assurance, flexible working, and 25 days annual leave.
- Other info: Collaborative culture with clear career progression and professional development opportunities.
- Why this job: Shape the future of pricing and make a real impact in a dynamic environment.
- Qualifications: Experience in insurance pricing and proficiency in programming languages like R and Python.
The predicted salary is between 60000 - 80000 £ per year.
Location: Peterborough, Manchester, London, Stoke-on-Trent (flexible hybrid working). We support remote working with occasional travel to our offices.
Are you ready to use your technical expertise to help transform pricing capabilities? 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 Transformation team and play a key role in shaping the future of pricing across one of the UK's leading insurance providers.
Why this role matters
As Transformation Principal Pricing Analyst, you'll combine advanced technical skills with thought leadership to deliver innovative pricing solutions that maximise value for both customers and the business. You'll provide technical leadership on modelling and optimisation, champion best practices, and coach team members to embed cutting-edge methodologies across the department. 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.
- Strong technical expertise in predictive modelling techniques (e.g. GLMs and machine learning models).
- Proficiency in programming languages such as R, Python, PySpark, SAS, or SQL.
- Good knowledge of Azure Databricks and modern data technologies.
- Experience with WTW Radar software and optimisation tools.
- A quantitative degree in Mathematics, Statistics, Engineering, Physics, Computer Science, or Actuarial Science.
- Excellent communication skills to convey complex technical concepts to technical and non-technical audiences.
- A passion for innovation, continuous improvement and challenging the norm.
What we offer
- A collaborative, fast-paced environment where innovation thrives.
- Private medical insurance, life assurance (4x salary), and yearly bonus scheme.
- 25 days annual leave increasing with length of service, plus bank holidays (with options to buy more).
- Modern, vibrant offices and flexible hybrid working.
- 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 pricing transformation at Markerstudy.
Locations
Transformation Principal Pricing Analyst in Islington, Norfolk 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 Transformation Principal Pricing Analyst in Islington, Norfolk
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Vermelo). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Vermelo. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Transformation Principal Pricing Analyst in Islington, Norfolk
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Vermelo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Vermelo. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Vermelo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Vermelo to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Vermelo, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Vermelo's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
