Graduate Pricing Analyst

This graduate role involves utilizing coding languages, statistical modeling, and Power BI dashboards to analyze telematics data, identify risk features, and optimize predictive models within the underwriting and pricing team.

We’re 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 that’s 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!

Exciting opportunity for a Graduate Pricing Analyst to join our Underwriting team, based in either Salford Quays (Manchester) or Haywards Heath (West Sussex). This role offers a predominantly home‑based working pattern, with just one day a month in the office, though we’re flexible, if you prefer to come in more often, that’s completely fine with us.

We’re looking to recruit a bright and innovative graduate to join our Telematics Pricing team. You’ll work with experienced stakeholders across the business who have deep expertise in telematics and insurance pricing. You’ll develop your analytical skills, learn pricing techniques, software, and coding packages, and use your problem‑solving abilities to help manage risk and improve our pricing.

In this role, you’ll deliver high‑quality analysis and modelling to extract maximum value from our telematics data and enhance pricing performance.

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

• Minimum 2:1 degree in Mathematics, Statistics, Actuarial Science, or a closely related discipline

• Strong foundation in Mathematics, evidenced by an A grade at A-Level (or equivalent overseas qualification

• Hands-on coding experience, with proficiency in one or more programming languages such as Python, R or SQL, is an advantage

This role is ideal for individuals who have already completed, or are about to complete, their degree and are ready to apply their analytical skills in a commercial environment.

What’s involved:

Data:

• You’ll write efficient, well documented code to create modelling datasets, produce regular reporting and ad hoc analysis using Python, SAS, SQL, Excel or other software packages

• You’ll create an innovative approach which drives the business forward by introducing new analytical and visualization methods using Power BI

• You’ll produce monthly reports using Excel and PowerPoint.

Pricing:

• You’ll assess new data sources from third parties to derive features that are predictive of claims experience.

• You’ll monitor, maintain, update and proactively identify ways to improve existing predictive models using Python, Emblem, Radar and other software packages

• You’ll collaborate with other pricing teams to establish best pricing and modelling practices.

• You’ll support the rate changing process (analysis, proposal, and implementation).

Other responsibilities:

• You’ll share knowledge online during team meetings and in-person presentations on away days.

• You’ll develop your own skills and knowledge to achieve current and future business requirements.

• You’ll comply with the requirements, and act in accordance with, the Group Code of Conduct and Fitness and Propriety policies at all times.

• You’ll ensure compliance with Company Policies, Values and guidelines and other relevant standards/ regulations at all times.

Skills

• Strong technical skills – with an undergraduate or a graduate degree in a numerical discipline

• Understanding of any coding languages, such as R, Python, SAS and SQL

• Understanding of statistical modelling using GBMs/GLMs

• Understanding of data science concepts and tools would be advantages

• Understanding of insurance pricing and products

• Intermediate IT skills

• Use of MS Word, Excel and PowerPoint

Soft Skills

• Ability to influence and educate stakeholders through verbal and written communications

• Ability to remain logical, flexible and positive during busy and less-busy period

• Ability to produce high level and low-level analysis.

• Ability to work on own initiative and as part of a team

• Ability to learn and be enthusiastic towards new technologies