We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
We currently have an exciting opportunity for a Senior Pricing Innovation Analyst to join our Underwriting team in Haywards Heath, West Sussex.
You'll be responsibile for the continuous improvement of the burn cost models
through the identification of new predictive factors, increasing the granularity of the models, the investigation of novel predictive modelling techniques and developing cutting-edge reporting suites.
Exploring, learning new tools (open source / commercial statistical modelling packages) and techniques (including machine learning), you'll be abreast in changes about the Motor Insurance Market and the relevant standards and regulations.
To be successful in this role, you’ll need to:
Hold a minimum 2:1 in a numerical undergraduate discipline
Have experience of a relevant commercial and pricing role within the personal lines motor insurance industry
Have experience with analytical programming languages, such as SAS, Python and R and with building predictive models using applications such as Emblem, Radar (machine learning) and Python/R
To lead the building of new predictive models using linear and non-linear statistical techniques; to monitor, maintain and update existing statistical models.
To solve key company questions relating to the Pricing & Underwriting department, and to 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.
Lead a sub-team of analysts. To pro-actively seek ways to improve existing processes in the Pricing & Underwriting Department.
To supervise a team of analysts within the Pricing Innovation Team ensuring delivery to targets. To recruit, develop & motivate more junior analysts, and control workloads.
Contribute to the appropriate use of statistical techniques & models to improve the accuracy and stability of burn cost models.
Contribute to the development of analytical tools and reporting suites to enable the efficient testing of new factors and modelling techniques.
Continually support the development the rate change process to ensure we minimise rating errors and efficiently make changes as required by the business.
Daily and weekly tasks covering:
Learn new tools and techniques
Production of Pricing & Underwriting analysis reports
Ad hoc project work providing analysis to the Pricing & Underwriting function
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, Python/R and other software packages
Monitor, maintain, update and improve existing predictive models
Develop and productionise a rate factor testing tool to enable efficient testing of new data sources in our burn cost 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
Provide input and advice into company analysis strategy and the effective implementation of that strategy to meet company requirements
Create an innovative approach which drives the business forward by introducing new analytical methods, making use of new data sources and producing reporting suites to track performance
People responsibilities covering:
Train, develop & guide more junior analysts and graduate analysts
Manage workloads and motivate direct reports (if any) to ensure engagement and productivity
Implement department timescales on any standard report production, ad hoc business queries, and external requests
Positive manner with ability to communicate well with all colleagues and stakeholders
Ensure compliance with company and other relevant standards / regulations
Experience, Knowledge, Skills & Behaviours
Personal experience with analytical programming languages, such as SAS, Python and R.
Personal experience with building predictive models using applications such as Emblem, Radar (machine learning) and Python/R.
Radar experience essential
Excellent appreciation of General Insurance, preferably personal lines insurance
Proven ability to produce outstanding results based on own initiative
Underlying Skills of:
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
People and project management skills
Base Knowledge of:
Broad knowledge of statistical methods and techniques
Good knowledge of motor insurance products and the motor insurance industry
Solid understanding of the business objectives and operations
Demonstrable Behaviours of:
Logical thinker with solid reasoning ability
Emphasis on attention to detail and accuracy
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
What can we do for you?
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…
Fantastic training and development opportunities
Employee benefit packages to suit your lifestyle
YOUday – we give you an extra day off to celebrate a special day
The opportunity to take a paid day off each year to do charity work
A health cash plan
Help with travel expenses
The opportunity to buy additional holiday
Company pension scheme
Group life assurance
Enhanced maternity and paternity pay
Professional subscription fees paid
Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.
For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.
Interested? Apply today and take the next step in finding your dream job.
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