Pricing Analyst

Were 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 thats 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!

Were looking for a Pricing Analyst to help drive support and develop pricing changes across 1st Central.

In this role youll help validate and build confidence in our pricing algorithms and the data systems that underpin the pricing process. Youll contribute to refreshing predictive models using both linear and nonlinear statistical techniques youll monitor maintain and update existing models to ensure they remain accurate and effective.

Youll tackle key business questions and deliver high-quality analysis insight and recommendations that enhance customer satisfaction and drive profitability. Your work will play a crucial part in strengthening our competitive position through clear evidence-based reporting.

Were looking for someone who can proactively identify opportunities to enhance our Retail Pricing Teams processes and play a key role in shaping the future of our pricing capability.

We love hybrid working so youll spend most of your time working where you work best be that at home or in the office closest to you weve offices located in Salford Quays Manchester and Haywards Heath West Sussex. There are no mandatory working days in the office on a regular basis for the team in Retail Pricing but youll be expected to attend wider Pillar and Department level meetings usually once a quarter.

Core skills were looking for to succeed in the role:

• Technical Skills: Youll bring strong mathematical data and statistical analysis skills along with solid experience in Radar SQL Python and Excel with Databricks experience as a bonus.
• Problem-Solving: Youll have strong problem-solving abilities and the capacity to take a logical approach to tackling challenges
• Organisational Skills: Youll have good time management and organisational skills
• Industry: Experience of personal lines insurance analysis is an advantage but not essential

Whats involved:

• Youll learn new tools and techniques

• Give confidence in the underlying data within the pricing algorithm

• Production of business analysis reports

• Ad hoc project work providing analysis to the business

• Maintenance creation and development of predictive models and analysis projects written in Radar SQL Python and Excel

• Monitor maintain update and improve existing predictive models

• Youll produce timely and accurate information for management decision-making purposes

• Apply statistical techniques including generalised linear modelling and non-linear methods to improve the performance of the company

• Youll liaise with other departments on data issues business effects influencing company reports business processes and operational issues

• Youll analyse business issues to find solutions to and make recommendations to improve profitability

• Youll present findings and results in a clear and logical manner; produce written reports

• Youll train develop & guide graduate analysts

• Positive manner with ability to communicate well with all colleagues and stakeholders

• Youll ensure compliance with company and other relevant standards / regulations

• Travel to group locations on an ad-hoc basis (currently Manchester Haywards Heath Gibraltar and Guernsey)

Qualifications

• Minimum 2:1 in a numerical undergraduate discipline

Experience

• Strong background in statistical methods

• Experience of personal lines insurance analysis is an advantage

• Experience of Radar SQL Python and Excel with Databricks as a bonus

Skills

• Strong mathematical skills

• Strong problem-solving skills with the ability to adopt a logical approach to solving problems

• Excellent data and statistical analysis skills

• Strong IT skills (including Excel and ideally programming skills)

• Good communication skills both verbal and written

• Good time management and organisation skills

Knowledge

• Broad knowledge of statistical methods and techniques

• Good knowledge of motor insurance products and the motor insurance industry is an advantage

• Solid understanding of the business objectives and operations

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

• Ability to work on own initiative and as part of a team

• A flexible approach and positive attitude

• Strives to drive business improvements to contribute to the success of the business

• Takes initiative to make decisions

Think youre a match Apply today and discover where this opportunity could take you.

What can we do for you

People first. Always. Were passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so thats what we offer. Our workplaces are energetic inspirational supportive. To get a taste of the advantages youll enjoy take a look at all our perks in full here.

Intrigued Our Talent team can tell you everything you need to know about what we want and what were offering so feel free to get in touch.