Principal Pricing Analyst (commercial) - #2123563

Job title: Principal Pricing Analyst (Commercial Insurance)

Location: Flexible hybrid working

About the role

Are you ready to use your technical expertise to shape pricing strategies? At Markerstudy, we’re on a mission to redefine how we deliver value to our customers and the business. This is your opportunity to join our Pricing team and play a key role in managing and optimising data solutions that underpin our pricing capability.

Location: Peterborough, Manchester, London, Stoke-on-Trent, Haywards Heath (flexible hybrid working with 2 days per week with the team in office)

In exceptional circumstances we support remote working with occasional travel to our offices.

Why this role matters

As Principal Pricing Analyst (Commercial Insurance) you will be responsible for the retail pricing of our small commercial insurance products offered by Markerstudy Business. To support our small business customers we provide Taxi, Commercial Van, Commercial Liability, and Property covers. These are sold via our call centre, web site and aggregator sites. We have big growth ambitions and have plans to launch new products and expand our offerings via the aggregator sites.

This role sits within Markerstudy Retail, so will benefit from the support and expertise of the Personal Lines retail pricing team. You’ll provide technical leadership on modelling and optimisation, champion best practices, and coach team members to introduce and embed sophisticated personal lines methodologies across our commercial products. Ultimately, you’ll play a pivotal role in driving the evolution of our pricing capability and ensuring we stay ahead in a fast moving market.

What you’ll do

• Lead the development and maintenance of predictive models (GLMs) and price optimisation techniques, including machine learning algorithms (GBM), Lifetime Value models (LTV), and fair pricing principles.

• Provide technical leadership on WTW Radar and Emblem, driving effective and efficient solutions.

• Research, develop, and champion best-practice methods; upskill the team through coaching and code reviews. 

• Query and engineer large datasets (e.g., Python/R/SQL/PySpark) on modern platforms (e.g., Azure Databricks). 

• Communicate pricing proposals and insights clearly and persuasively to stakeholders at all levels.

• Collaborate with Modelling, Optimisation, and Street Pricing teams to ensure solutions meet business objectives and are production ready.

• Coach and mentor team members, fostering a culture of innovation and continuous improvement.

What we’re looking for

• Previous experience in general insurance pricing.

• Excellent communication skills to convey complex technical concepts to technical and non-technical audiences.

• A passion for innovation, continuous improvement and challenging the norm.

• Strong problem solving capabilities with the ability to apply market standard pricing techniques to non-standard products.

• Proficiency in programming languages such as R, Python, PySpark, SAS, or SQL.

• Good knowledge of Azure Databricks and modern data technologies.

• Technical expertise in predictive modelling techniques e.g. GLMs.

• Experience with WTW Radar software and optimisation tools.

• A quantitative degree in Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science, or similar proven experience.

What we offer

• A collaborative, fast-paced environment where innovation thrives.

• Private medical healthcare, life assurance (4x salary), and yearly bonus scheme.

• 25 days annual leave plus bank holidays (with options to buy more).

• Modern, vibrant offices and flexible hybrid working, with 2 days per week in the office.

• Clear opportunities for career progression and professional development.

About Markerstudy

Markerstudy Group is one of the UK’s leading insurance providers, known for its innovative approach and rapid growth. With over 6,000 colleagues and 8 million customers, we deliver a wide range of motor, home, pet, and specialist insurance products through well-known brands like Swinton, Carole Nash, and Marmalade.

We’re passionate about using data, technology, and creativity to make insurance smarter and more accessible. Joining our Pricing team means you’ll work across multiple areas of the business, gaining exposure to a wide variety of challenges and opportunities. You’ll be central to shaping customer pricing strategies, driving value, and influencing decisions at the heart of a dynamic, forward-thinking organisation.

As a business committed to sustainability and investing in its people, we’re proud to hold Investors in People Gold accreditation. We offer clear opportunities for career progression, professional development, and the chance to make a real impact in a growing organisation where your work truly matters.

Ready to make your mark? Apply now and help lead the future of commercial pricing at Markerstudy.