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Locations : Haywards Heath or Manchester (Hybrid)
Role Overview
Markerstudy Group is looking for a Senior Pricing Analyst to join a rapidly growing and developing pricing department across various insurance lines.
Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of private cars, a percentage of commercial vehicles, and motorcycles, with total premiums of approximately £1.2 billion. The company works with household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga, and Lloyds Bank, and has a significant direct market presence.
Having acquired and integrated Co-op Insurance Services and BGLi, Markerstudy is pursuing innovative pricing techniques, utilizing an award-winning insurer-hosted rating platform, and challenging existing processes.
Key Responsibilities
* Develop advanced pricing models using traditional and data science techniques across Private Car, Commercial Vehicle, and Home accounts.
* Promote the adoption of data science and statistical techniques within pricing and underwriting teams.
* Research and leverage new and existing data sources to identify trends and create innovative data features.
* Communicate findings to decision-makers for actionable insights.
* Monitor performance of key accounts and adjust strategies accordingly.
* Collaborate with pricing, underwriting, and data science teams.
* Automate repetitive tasks to improve efficiency.
* Use specialist software to monitor trends and assess the impact of pricing proposals.
* Mentor and coach team members to develop skills and knowledge.
Key Skills and Experience
* At least 2 years of experience in general insurance pricing.
* Experience with predictive modeling techniques such as Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets, and Clustering.
* Proficiency in programming languages like R, Python, PySpark, SAS, SQL.
* Experience with WTW’s Radar software is preferred.
* Excellent communication skills, both verbal and written.
Behaviours
* Self-motivated with a desire to learn and grow.
* Logical thinker with a professional and positive attitude.
* Passionate about innovation, process improvement, and challenging norms.
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