Pricing Innovation Analyst
1st Central, Haywards Heath, West Sussex
Pricing Innovation Analyst
£40000-£46000
1st Central, Haywards Heath, West Sussex
- Full time
- Permanent
- Remote working
Posted 1 day ago, 20 May | Get your application in today.
Closing date: Closing date not specified
Job ref: a77eb40fe6e5494180b79f7911e7be64
Location ref: Haywards Heath, West Sussex
Full Job Description
- You'll support the appropriate use of statistical techniques & models to improve the accuracy and stability of burn cost models.
- You'll support the development of analytical tools and reporting suites to enable the efficient testing of new factors and modelling techniques.
- You'll continually support the development the rate change process to ensure we minimise rating errors and efficiently make changes as required by the business.
- You'll produce timely and accurate information for management decision-making purposes.
- You'll liaise with all departments on issues of reporting requirements, data analysis, business process and operational issues.
- You'll achieve an innovative approach to analysis which drives the business forward introducing new rating factors and finding new patterns and key variables.
- You'll ensure compliance with company and other relevant standards/ regulations at all times (including TCF)
- You'll take responsibility for analytical sections of the team's major projects
- You'll assist with rate changes and have a full understanding of the rate change process
Analytical & Numerical Skills: Excellent data and statistical analysis skills, with strong numerical capability and a logical, problem-solving approach - Programming Skills: Experience with Python, R or SAS
- Modelling Capability: Some experience or familiarity with modelling techniques (e.g. EMBLEM, Python, GBM builds in Radar), or a strong interest in developing these skills
- Industry & Role Experience: 2 years'+ experience gained within a commercial or pricing role within personal lines motor insurance, plus a 2:1 degree (or equivalent) in a numerate discipline.
- Communication & Presentation: Strong verbal and written communication skills, with the ability to present complex concepts at a level appropriate to the audience, Minimum 2:1 in a numerical undergraduate discipline
- Minimum of 2 years' experience of a relevant commercial and pricing role within the personal lines motor insurance industry
- Solid experience of SAS/Python/R and ideally EMBLEM
- Ideally some modelling experience (EMBLEM, Python, GBM builds in Radar)
- Experience of Radar Base and Radar Live preferable Skills:
- Excellent data and statistical analysis skills
- Good numerical skills
- Good communication skills, both verbal and written
- Ability to present complex concepts at a level appropriate for the audience
- Strong analytical and problem-solving skills, with the ability to adopt a logical approach to solving problems
- Good time management and organisation skills
- Strong IT skills Behaviours:
- Logical thinker with solid reasoning ability
- Commercially focused
- Emphasis on attention to detail and accuracy
- Quick learner
- Able to transfer skills and knowledge to others
- Self-motivated and enthusiastic
- An organised and pro-active approach
- Aligned to the values of Ambition; Agility; Ownership; Collaboration Apply now and help drive smarter, data-led pricing innovation. What can we do for you? People first. Always. We're passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that's what we offer. Our workplaces are energetic, inspirational, supportive. To get a taste of the advantages you'll enjoy, take a look at all our perks in full here.
We're 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. And that's the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too! We're looking for a Pricing Innovation Analyst to play a key role in shaping the future of our pricing capability. You'll drive the evolution of our burn cost models by uncovering new predictive insights, increasing model sophistication, experimenting with innovative techniques, and building cutting-edge reporting solutions. We're big on flexible hybrid working. Our teams are based across Haywards Heath (West Sussex) and Salford Quays (Manchester). We primarily work from home but value collaboration, so we come together in person to keep ideas flowing, typically once a week or fortnight. Prefer being in the office more often? That works for us too.
Direct job link
https://www.jobs24.co.uk/job/pricing-innovation-analyst-126863446