About the Opportunity

As a Senior Pricing Analyst, you'll be at the forefront of driving evolution and fostering growth within our dynamic company.  Your expertise will be pivotal in supporting and innovating processes within our UK insurance book, working closely with our talented Underwriting team. Drawing on your deep knowledge of market pricing and price optimisation, you'll play a crucial role in ensuring our products remain competitive and tailored to meet the evolving needs of our customers.

Reporting directly to our Market Pricing Manager, you'll have the opportunity to collaborate cross-functionally with teams in Actuarial, Finance, Marketing, Underwriting and Data, forging strong relationships to drive strategic initiatives forward.

Your Focus

• Manage and develop the market pricing activities, build and maintain our demand, elasticity, and market pricing models and own and develop our pricing optimisation framework.
• Manage and develop our lifetime value modelling and multi-year price optimisation models and strategic approach.
• Monitor market trends and extract insight on competitor benchmarking to make rate recommendations.
• Build strong relationships with the wider Underwriting team, Marketing and Data teams and keep the business informed of our competitive position and conversion performance in our trading meetings.
• Work closely with our deployment lead to drive innovation in rating and ensure timely delivery of rate changes.
• You’ll communicate results effectively to realise business gains from valuable insight and present rate recommendations to senior stakeholders, external parties, and pricing committees.

What Leads to Success

Here are some of the individual skills we know will enable you to succeed in this position. If you don’t tick every box - don't worry as we can support you in both your personal and professional development:

• You bring high accuracy, quality, and attention to detail everything you do.
• You’re able to work and learn quickly in a fast-paced and often changeable environment.
• You are detail focused, analytical, and able to communicate outputs clearly and simply.
• You build collaborative relationships and demonstrate the ability to influence across the business - you make change happen by working well with others.
• You're customer-centric and can view what you do through customer’s eyes - while remaining commercially astute.
• Your colleagues know you as being a clear communicator, and someone can present persuasively and explain why something is important.
• You are curious - you like to keep up to date with technical developments in the insurance industry.

What We’re Looking For

• You’ll currently be an experienced analyst or senior analyst. You might be working through actuarial exams or might not (study support is available), and/or you have data science experience relevant to the role
• You have commercial experience in a pricing role, preferably direct or aggregator-led personal lines insurance.
• You’ll have experience in price modelling.
• You are up to date with technical developments in the insurance industry and best practice in actuarial methods.
• Owing to the nature of the role, we will need you to have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related degree, with a minimum of a 2:1 classification.
• You'll know Excel will have experience with one or more programming languages such as SQL, SAS, R or Python. If you have experience of Earnix or Radar or similar applications, then this is also a bonus.
• You will bring an understanding of the dynamics of personal lines insurance (pet insurance experience an advantage, but not essential)