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Pricing Analyst

Vermelo RPO
Posted 3 days ago, valid for 17 days
Location

Manchester, Greater Manchester M17 1DJ, England

Salary

£40,000 - £48,000 per annum

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Contract type

Full Time

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Sonic Summary

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  • Markerstudy Group is seeking a Pricing Analyst for their expanding pricing department, located in Haywards Heath or Manchester with hybrid working options.
  • The role requires candidates to have a good quantitative degree and prior experience in statistical and data science programming languages, with a preference for familiarity with WTW’s Radar software.
  • As a Pricing Analyst, you will support pricing teams by building sophisticated models, monitoring pricing performance, and enabling growth within Motor and Home portfolios.
  • The position offers a competitive salary of £35,000 to £45,000, depending on experience, and candidates should have at least two years of relevant experience in a similar role.
  • Ideal candidates will be self-motivated and possess strong analytical skills, with a passion for innovation and process improvement.

Job Title: Pricing Analyst

Locations: Haywards Heath or Manchester (Hybrid working)

Role overview:

Markerstudy Group are looking for a 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

Key Responsibilities:

  • 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:

  • 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

Apply now in a few quick clicks

By applying, a Reed account will be created for you. Reed's Terms & Conditions and Privacy policy will apply.