pricing analyst

pricing analyst Manchester, England

Vermelo RPO
Full Time Manchester, England 45000 - 33000 GBP ANNUAL Today
Job description

Job Title: Risk Pricing Analyst

Haywards Heath or Manchester Hybrid

£33 – 45 k plus great benefits

Role overview:

Markerstudy Group are looking for a Risk 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.

Having acquired and successfully integrated Co-op Insurance Services in 2021 & BGLi in 2022, Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award winning insurer hosted rating platform, whilst challenging existing embedded processes.

As a Pricing Analyst, you will use your analytical skills to:

  • Support pricing teams in building and maintain sophisticated models via a range of data science techniques
  • Monitor pricing performance via automated reporting structures
  • Enable growth within Motor & Home portfolios

Working with the technical pricing team and closely with underwriting, retail pricing & data science teams, your insight and recommendations will enable improvements to products and prices giving Markerstudy a critical advantage in the increasingly competitive insurance market.

  • Support development 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
  • 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

Key Skills and Experience:

  • Ideally previous experience within general insurance pricing
  • Previous 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, but not essential
  • Proficient at communicating results in a concise manner both verbally and written
  • Ability to analyse, understand and interpret data from varying sources

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
  • Personality and a sense of humour

Job Type: Full-time

Salary: £33,000.00-£45,000.00 per year

Benefits:

  • Additional leave
  • Company events
  • Company pension
  • Health & wellbeing programme
  • On-site parking
  • Referral programme
  • Sick pay
  • Work from home

Schedule:

  • Monday to Friday

Supplemental pay types:

  • Performance bonus

Work Location: Hybrid remote in Manchester

About Vermelo RPO

Revenue: Unknown / Non-Applicable
Size: Unknown
Type: Company - Public
Website: vermelorpo.com

pricing analyst
Vermelo RPO

vermelorpo.com
London, United Kingdom
Unknown / Non-Applicable
Unknown
Company - Public
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