Pricing Analyst

Location:
Haywards Heath, Home Office (Remote) or Manchester
Salary:
£30,000 - £40,000 - depending on experience
Department:
Commercial
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We’re First Central Insurance & Technology Group (First Central for short), an innovative, market-leading insurance company. We protect the things customers love so they can get on with what matters to them in life. 

Data drives us. It fuels our outstanding distribution, finance, technology and legal services. Our underwriting skills are built on data expertise; it creates the insights we need to give the right cover to the right customers at the right price. But, it’s the people inside and outside our business that power us. They make us stand out, help us succeed. We’re ambitious. We’re growing. We’ve won awards.   

Are you an expert problem solver with a passion for data? Do you have experience working with Radar? If so, we need you!

We’re looking for someone to join our Retail Pricing team as a Pricing Analyst either working remotely or based in our Salford Quays, Manchester or Haywards Heath, West Sussex office

Bold and driven? Lets do this, together!

In this role you’ll support and develop pricing changes within First Central, validating and building confidence in the pricing algorithm as well as relevant data systems surrounding the pricing process.

You’ll support in refreshing predictive models using linear and non-linear statistical techniques; to monitor, maintain and update existing statistical models. You will solve key company questions and provide analysis, insight and competitive advantage to the company by producing recommendations, analysis and reports that maximise customer satisfaction and the profitability of the company.

We’re all about people and we’re passionate about continuous improvement, so you’ll pro-actively seek ways to improve existing processes in the Retail Pricing Team.

Developing the best talent means a lot to us too, so you’ll play a vital part in attracting graduates and other talent into the company and supporting them on their journey.

Core skills we’re looking for to succeed in the role:

  • Experience working with data / data modelling
  • A strong problem solving mindset

Nice to have skills, but optional:

  • Experience working with Radar
  • Previous experience in the Insurance industry

What's Involved:

  • 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 of analysis programs written in SAS, RADAR, and other software packages
  • Write new analysis code using SAS, RADAR, and other software packages
  • Build predictive models using SAS, EMBLEM, and other software packages
  • Monitor, maintain, update and improve existing predictive models
  • 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
  • Liaise with other departments on data issues, business effects influencing company reports, business processes and operational issues
  • Analyse business issues to find solutions to and make recommendations to improve profitability
  • Present findings and results in a clear and logical manner; produce written reports
  • Train, develop & guide graduate analysts
  • Positive manner with ability to communicate well with all colleagues and stakeholders
  • Ensure compliance with company and other relevant standards / regulations
  • Travel to group locations on an ad hoc basis (currently Manchester, Gibraltar and Guernsey)
  • Any other reasonable duties as required

Qualifications

  • Minimum 2:1 in a numerical undergraduate discipline

Skills and Experience

  • Strong background in statistical methods
  • Experience of personal lines insurance analysis is an advantage
  • Experience of SAS, Emblem, Excel and advanced statistical techniques
  • 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 focussed
  • 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

Are you the person we’re looking for? If so, we look forward to hearing from you. Apply today!

We pride ourselves on being a great place to work. Check out our Glassdoor page to see what our colleagues think about working here.

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. 

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

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glassdoor

86% of people would recommend a friend to work at First Central

Based on 164 Glassdoor reviews (March 2022)

Benefits

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Simply Health Cash Plan

Simply Health Cash plan. Reclaim the cost of your eye tests, dental appts, physiotherapy and more

Flexible Bank Holidays

Eight flexible bank holidays; you can choose which festivals you observe

Volunteering

We’re passionate about it. Everyone gets a paid day off annually to volunteer

Electric Car Scheme

Plug into our Electric Car Scheme for a deal with insurance, road tax and servicing

Flexible Working

We’re flexible; most roles let you mix office and home working. We work fluidly around core hours

Your Time in Need

Your Time in Need: five days’ leave so you can deal with life stuff. We’ll support you