Insurance Pricing Manager

Job Description

Pricing ManagerSalary: £50,000 - £70,000 depending on experience and an excellent benefits package.Hours: 35 hours a week Monday to FridayLocation: Haywards Heath, West Sussex or Manchester, Greater Manchester (Hybrid Working)About Our ClientMy client is a leading and expanding motor insurance group who are renowned for their staff reward and recognition and are ranked highly in The Times Top 30 Big Companies to work for. The Group are a modern and progressive group of companies incorporating majornames in the automotive and insurance industries, who are currently recruiting for their Pricing team.Overview:We are looking for a Pricing Manager to join a quickly growing and developing pricing department covering a range of insurance lines.The company 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 asthe insurance pricing provider behind household names such as Co-op, Sainsburys, 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 completed recent acquisition, we are now pursuing innovative pricing techniques, taking advantage of an award winning insurer hosted rating platform, whilst challenging existing embedded processes.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 risk/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.Responsibilities:Key Responsibilities:

• Maintain and improve the pricing process to meet business requirements, including;

• Risk and behavioural modelling using a combination of traditional & data science techniques
• Reporting processes, monitoring of pricing performance

• 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

Qualifications: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. Knowledge of the technical differences between different packages for someof these model types would be an advantage.
• 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 WTWs 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