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Job title: Pricing Manager
Locations: Haywards Heath, Manchester (flexible hybrid)
Role Overview
Markerstudy Group is looking for a Pricing Manager to join a quickly growing and developing pricing department covering 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.
As a Pricing Manager, you will be responsible for the pricing of multiple motor and home products, including the following core activities:
* Maintaining and improving behavioural models, prioritising a range of data science techniques.
* Advance the adoption of data science & statistical techniques.
* Develop reporting structures to monitor pricing performance in an automated fashion.
* Develop innovative solutions to improve rating accuracy/efficiency.
Working closely with the wider pricing department and underwriting 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:
* Maintain and improve the pricing process to meet business requirements, including;
* Development of market leading behavioural modelling using a combination of traditional & data science techniques
* Improve sophistication within the optimisation of Markerstudy’s direct brands
* Support delivery of pricing & underwriting business plan across Motor & Home portfolios
* Support development of new product offerings
* Advance the adoption of the latest data science & statistical techniques across pricing & underwriting
* Research and leverage new and existing data sources; capturing and explaining trends with innovative data features
* Clearly communicate results and proposed actions to key decision makers across the business
* Champion and facilitate automation of reporting, data pipelines and quality assurance
* Manage, coach and mentor team members, driving a culture of development and excellence across the team
* Collaborate with peers in pricing, underwriting and data science
Key Skills and Experience:
* Experience managing general insurance products and/or pricing teams, including knowledge of current trends and issues in motor or home pricing
* Experience with some of the following predictive modelling techniques; Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Neural Nets and Clustering.
* 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
* Proficient at communicating results in a concise manner both verbally and written
Behaviours:
* Good communication and people management skills
* 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
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Marketing and Sales
Industries
* Banking
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