Pricing Analyst - 12 mths

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We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that's energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion, and more potential. That’s why working here is #MoreThanACareer. We do energy differently - we do it all. We make it, store it, move it, sell it, and mend it.

About your team:

At British Gas, our mission is to sell it and mend it.

We’ve been powering the UK’s homes and businesses for over 200 years – but supplying energy is just part of what we do. We’re making the UK greener and more energy efficient, getting closer to Net Zero. By using clever tech like thermostats, heat pumps, solar panels and EV chargers, we’re making it cheaper and easier for our customers to reduce their carbon-footprint.

Pricing Analyst – 12 mth Secondment / 12 mth fixed term contract

Windsor or Leicester with FlexFirst hybrid working

Overview

Working in our British Gas Services & Solutions team (our field force business), the role evaluates customer, sector, product and market pricing requirements. It assesses risk and calculates appropriate prices and structures using actuarial and risk techniques and provides reporting and documentation of pricing structures. Further, it drives pricing coherence and compliance across the portfolio & analyzes the financial impact of actions such as early terminations and cross-selling.

Resolving cross-portfolio pricing issues to secure approval for related price change proposals is part of the role and monitoring the ongoing competitiveness and profitability of product prices. You will gather, clean and validate required qualitative and quantitative data for analytical and/or modelling purposes, and analyze information to identify variances, trends, anomalies, etc. and explain, highlight and refer relevant issues to others. You will develop and refine product development tools based on pricing framework and methodology across the organization. To do this, you will work with other functions to improve management of information tools (forecasting models, database facilities to track quote requests, information tools enabling upfront pricing information to the sales team).

This role is offered on a 12 mth secondment internally or a FTC externally.

About the role:

Some of your accountabilities for this role will include:

1. Create accurate & insightful pricing analysis and recommendations, making full use of internal & external data.
2. Conduct competitor price reviews, working closely with your Customer colleagues.
3. Review end-to-end customer journeys, identifying value opportunities, and forming new & innovative recommendations on price optimisation, for new & existing customers across Home Insurance products.
4. Develop and analyze complex models, customer life-time valuation, price elasticity test design, and customer behaviour.
5. Help with the implementation of price changes, and monitor the impacts of those changes on key business metrics.
6. Contribute to the preparation of pricing governance materials, business case assumptions and financial models, liaising with other areas of the business as necessary.
7. Ensure that all pricing activity is aligned to regulatory requirements and has customer fairness at its core.

Here's what we’re looking for:

1. A genuine interest in insurance pricing and analytical techniques.
2. Highly numerate, with the potential to develop a strong technical skill-set.
3. Good team player, able to work accurately and reliably to tight deadlines.
4. Energy, enthusiasm, creativity, and resilience, with good interpersonal skills.
5. Ability to communicate pricing insights and recommendations in clear and simple terms.
6. Experience in a personal lines retail pricing role or equivalent.
7. Strong academic record in a quantitative discipline, e.g., Maths, Statistics, Engineering, etc.
8. Highly numerate individual, comfortable with analytical techniques and methods.

Why should you apply?

We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you.

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.