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Pricing Analyst

2 months ago

Manchester, United Kingdom Vermelo RPO Full time
Principal Pricing Analyst

Location: Flexible

Role Overview:

We are seeking a highly skilled Principal Pricing Analyst to join our quickly growing and developing pricing department. As a key member of our team, you will utilize your technical expertise and in-depth knowledge of the insurance industry to produce creative and actionable pricing solutions.

You will work closely with our pricing managers, head of pricing, and executive committee to identify opportunities to maximize our ability to meet our strategy and annual plan. This role requires a large element of coaching team members and championing best practices across the department.

Key Responsibilities:

  • Provide technical leadership on predictive modeling techniques, including Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering.
  • Develop and maintain predictive models and price optimization using machine learning algorithms.
  • Research and champion the use of best practice methods and standards, ensuring they are embedded throughout the department.
  • Lead the development of our pricing capability.
  • Query large databases to extract and manipulate data that is fit for purpose.
  • Deliver regular management information on specific KPIs relating to our performance.

Key Skills and Experience:

  • Previous experience within general insurance pricing.
  • Experience with 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 with WTW's Radar software is preferred.
  • Proficient at communicating results concisely, both verbally and in writing.

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.