Principal Pricing Analyst

Markerstudy Ltd; United Kingdom; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading general insurance firm in the UK is seeking a Principal Pricing Analyst to join their rapidly growing pricing department. Your expertise in pricing strategies, predictive modeling, and technical leadership will be crucial in producing actionable pricing solutions. The ideal candidate will have a background in general insurance and experience with various programming languages. This full-time position allows for remote work with occasional office travel.

Qualifications

• Previous experience within general insurance pricing.
• Experience with predictive modeling techniques such as Logistic Regression, GBMs, and Random Forests.
• Proficiency in programming languages like R, Python, and SQL.

Responsibilities

• Influence the direction and outcome of projects.
• Provide technical leadership on the WTW toolkit.
• Research, develop and champion best-practice methods.

Skills

Predictive modelling techniques

Statistical programming languages (R, Python, etc.)

Experience with WTW's Radar software

Verbal and written communication

Job description

Senior Talent Acquisition Business Partner

Job Title: Principal Pricing Analyst

Locations

This can be a largely remote position with occasional travel to the nearest office. We have offices based in Manchester, Stoke, London and Peterborough.

Role Overview

Markerstudy Group is looking for a Principal Pricing Analyst to join a quickly growing and developing pricing department across a range of insurance lines.

You will utilise your technical expertise, in‑depth knowledge of the insurance industry and market‑leading tools to produce creative and actionable pricing solutions. This role requires a large element of coaching team members and championing best practice across the department.

Reporting to the Associate Director, you will make use of WTW Radar and Emblem and will be responsible for the development and maintenance of predictive models (GLM) and price optimisation, including machine learning algorithms (GBM), LTV (Lifetime Value) and fair pricing principles, ultimately creating value for our customers.

Bringing best‑in‑class pricing experience, you’ll be expected to provide pricing proposals considering customer and commercial outcomes, communicating these in a compelling, impactful way to all levels of stakeholders to help us make the right decisions at the right times.

You’ll work on multiple priorities within a fast‑paced, dynamic environment, managing stakeholder expectations while prioritising your workload.

Responsibilities

• Be a key stakeholder influencing the direction and outcome of projects
• Provide technical leadership on the WTW toolkit (in particular Radar Optimiser) to drive forward effective and efficient solutions
• Provide thought leadership on optimisation and modelling concepts
• Research, develop and champion the use of best‑practice methods and standards and ensure they are embedded throughout the department
• Lead the development of the Group’s pricing capability
• Query large databases to extract and manipulate data that is fit for purpose
• Oversee and assist in the development and implementation of the market‑leading methodologies you have identified
• Continuously evaluate methodologies, understand how they fit into the wider picture, and identify where they can be improved

Key Skills and Experience

• Previous experience within general insurance pricing
• Experience with predictive modelling techniques such as 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)
• Experience with WTW’s Radar software
• Proficient at communicating results concisely, both verbally and in writing

About us

Markerstudy Group is a major force in the UK general insurance market, combining scale with innovation. We have deep product and distribution reach through multiple brands and an experienced leadership foundation coordinating diverse, fast‑evolving business units. The Group employs more than 6,000 people across the UK.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Other

Industries

Insurance