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, career progression, and a dynamic work environment.
- Other info: Collaborative team culture with opportunities for continuous learning and development.
- Why this job: Make an impact by shaping pricing strategies in a rapidly evolving industry.
- 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 Liverpool 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 Liverpool
✨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 Portfolio Pricing Analyst in Liverpool
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.
