At a Glance
- Tasks: Drive innovative pricing strategies and develop advanced analytical models in the insurance sector.
- Company: Join a rapidly growing team in a dynamic insurance company.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with mentorship opportunities and career advancement.
- Why this job: Make a real impact on pricing strategies and enhance your analytical skills.
- Qualifications: Experience in insurance pricing and proficiency in data science programming languages.
The predicted salary is between 50000 - 65000 £ per year.
We are looking for a Senior Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines. As a Senior Pricing Analyst, you will use your advanced analytical skills to:
- Be a key stakeholder influencing the direction & outcome of projects across a range of personal lines products
- Create innovative data solutions finding new ways to mine insight & present data
- Build and maintain sophisticated models, prioritising a range of data science techniques
- Develop reporting structures to monitor pricing performance in an automated fashion
- Work with either retail or technical pricing teams and closely with underwriting teams, enabling improvements to products and prices.
Key Responsibilities:
- Develop a suite of advanced pricing models using a combination of traditional & data science techniques across Private Car, Commercial Vehicle & Home accounts
- Advance the adoption of data science & statistical techniques across pricing & underwriting
- Research and leverage new and existing data sources; capturing and explaining trends with innovative data features
- Communicate results to key decision makers across the business for action based on the results of pricing analysis
- Review observed & expected performance of key accounts
- Collaborate with peers in pricing, underwriting and data science
- Facilitate automation of repeatable tasks
- Using specialist software to monitor trends and review impact of pricing proposals
- Coaching and mentoring team members
Key Skills and Experience:
- Experience within general insurance pricing
- Extensive experience with GBMs and Elastic Net GLMs
- Experience with some of the following predictive modelling techniques preferred; GAMs, 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)
- Proficient in using WTWs Radar software
- Proficient at communicating results in a concise manner both verbally and written
Senior Technical Pricing Analyst in Woking 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 Senior Technical Pricing Analyst in Woking
✨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 Senior Technical Pricing Analyst in Woking
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.
