Pricing Analyst

Pricing Analyst

Location:
Haywards Heath or Manchester
Salary:
£27,000 - £33,000 per annum dependant on experience
Department:
Commercial
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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’re on the hunt for a talented Pricing Analyst to join our Commercial and Marketing team in either Salford Quays, Manchester or Haywards Heath, West Sussex.

This role will support and develop pricing changes within First Central, validating and building confidence in the pricing algorithm and the relevant data systems surrounding the pricing process.

You will 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 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.

You will also pro-actively seek ways to improve existing processes in the Retail Pricing Team. Motivating and developing Graduate Statistical Analysts within the Retail Pricing Team.

To be successful in this role, you’ll need to have:

  • Experience of the Radar software package
  • Strong attention to detail skills
  • Excellent data and statistical analysis skills
  • Experience working within the Insurance industry

Job Responsibilities:

  • 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
  • Understand 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

Job Specific Competencies:

Qualifications

  • Minimum 2:1 in a numerical undergraduate discipline

Experience

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

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
  • 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 and supports the wider team
  • 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

So, if you’re up for the challenge and would like to join our vibrant and busy team, we want to hear from you today.

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

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
  • Flexible working
  • 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 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 Talent team.

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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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Flexible working

We support colleagues who wish to work flexibly whilst meeting the needs of the business.

YOUday

If it’s your birthday or you just fancy some me-time, get an extra day off for whatever you want.

Holiday Extra

We give you two opportunities each year to buy or sell up to five days of holiday.

Volunteering

Get a day off each year to take part in volunteering activities.

Health cash plan

Claim money back on your healthcare costs, such as dental check-ups and eye tests.

Season ticket loan

We provide interest-free loans to cover the cost of season tickets for rail, bus or car parking.