Technical Pricing Manager

Job Title: Technical Pricing Manager

Location: Ideally working from our Peterborough office one day a week, however, depending on location we can look at a flexible approach with this.

Role purpose

We are looking for a Technical Pricing Manager to generate incremental lifetime value of our portfolio through the delivery and development of retail pricing models and optimisations using innovative and cutting-edge modelling approaches.

You will help continuously improve the pricing process and enhance the abilities of the wider team, as well as being involved with integrating and establishing the use of advanced data science and statistical techniques to enhance pricing model accuracy and output.

Key Responsibilities

End to end production of pricing models using a tailor-made pricing pipeline

Use of Earnix to build predictive statistical models and intelligently optimise customer prices

Contribute and implement improvements to the pricing process to increase pricing performance and efficiency

Contribute and lead research and development opportunities to help innovate and improve current modelling and pricing methodologies

Evaluate and utilise tools and data items created by the data science teams

Ensure all activity is compliant with pricing governance and follows established controls

Work closely with the Commercial Pricing Team to ensure pricing models meet business objectives, and manage relationships with key stakeholders around the business

Manage, mentor and coach more junior members of the team

About you:

Highly numerate with a graduate or postgraduate degree in Statistics, Mathematics or another analytical subject

Experience in a pricing or actuarial role within general insurance

Experience with price optimisation tools (Earnix/Radar)

Experience using and implementing advanced machine learning methods

Able to communicate complicated statistical concepts to an informed but non-technical audience

Experience with using software packages such as R or Python to solve problems

Proven ability to deliver commercial value through pricing insight

Proven ability to provide commercial uplift from research and development projects

Strong people management skills

About the business:

Markerstudy 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 as the insurance pricing provider behind household names such as Co-op, Sainsbury’s, 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 acquired and successfully integrated Co-op Insurance Services in 2021 & BGLi in 2022, Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes