Pricing Analyst Analyst

2 weeks ago

Manchester, United Kingdom Vermelo RPO Full time

Job Title: Senior Pricing Analyst
Haywards Heath or Manchester (Hybrid)
Markerstudy Group are looking for a Senior Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines.
Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. The majority of business is written as the insurance pricing provider behind household names such as Co-op, Sainsbury's, O2, Halifax, AA, Saga and Lloyds Bank to list a few and Markerstudy also has a large and growing direct presence in the market as well.
As a Senior Pricing Analyst, you willuse 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
Workingwith either retail or technical pricing teams and closely with underwriting teams, yourinsight and recommendationswill enable improvements to products and prices giving Markerstudy a critical advantage in the increasingly competitive insurance market.
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


Using specialist software to monitor trends and review impact of pricing proposals


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 WTW's Radar software is preferred

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