Job Title: Technical Pricing Manager
Location: Ideally working from our Peterborough office one day a week, however, depending on location we can look at a flexible approach with this.
Role purpose
We are looking for a Technical Pricing Manager to generate incremental lifetime value of our portfolio through the delivery and development of retail pricing models and optimisations using innovative and cutting-edge modelling approaches.
You will help continuously improve the pricing process and enhance the abilities of the wider team, as well as being involved with integrating and establishing the use of advanced data science and statistical techniques to enhance pricing model accuracy and output.
Key Responsibilities
End to end production of pricing models using a tailor-made pricing pipeline
Use of Earnix to build predictive statistical models and intelligently optimise customer prices
Contribute and implement improvements to the pricing process to increase pricing performance and efficiency
Contribute and lead research and development opportunities to help innovate and improve current modelling and pricing methodologies
Evaluate and utilise tools and data items created by the data science teams
Ensure all activity is compliant with pricing governance and follows established controls
Work closely with the Commercial Pricing Team to ensure pricing models meet business objectives, and manage relationships with key stakeholders around the business
Manage, mentor and coach more junior members of the team
About you:
Highly numerate with a graduate or postgraduate degree in Statistics, Mathematics or another analytical subject
Experience in a pricing or actuarial role within general insurance
Experience with price optimisation tools (Earnix/Radar)
Experience using and implementing advanced machine learning methods
Able to communicate complicated statistical concepts to an informed but non-technical audience
Experience with using software packages such as R or Python to solve problems
Proven ability to deliver commercial value through pricing insight
Proven ability to provide commercial uplift from research and development projects
Strong people management skills
About the business:
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