Pricing Innovation 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 Innovation Analyst to play a key role in shaping the future of our pricing capability. Youll 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.

Were 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.

Core skills were looking for to succeed in the role:

• Analytical & Numerical Skills: Excellent data and statistical analysis skills with strong numerical capability and a logical problemsolving 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

Whats involved:

• Youll support the appropriate use of statistical techniques & models to improve the accuracy and stability of burn cost models.
• Youll support the development of analytical tools and reporting suites to enable the efficient testing of new factors and modelling techniques.
• Youll continually support the development the rate change process to ensure we minimise rating errors and efficiently make changes as required by the business.
• Youll produce timely and accurate information for management decision-making purposes.
• Youll liaise with all departments on issues of reporting requirements data analysis business process and operational issues.
• Youll achieve an innovative approach to analysis which drives the business forward introducing new rating factors and finding new patterns and key variables.
• Youll ensure compliance with company and other relevant standards/ regulations at all times (including TCF)

• Youll take responsibility for analytical sections of the teams major projects
• Youll assist with rate changes and have a full understanding of the rate change process

Experience & knowledge:

• 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 dataled pricing innovation.

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.