Senior Pricing Analyst

TN United Kingdom; Reigate; Hybrid; GBP 40,000 - 80,000; Full time

Job description

As a Senior Pricing Analyst, you will recommend and deliver changes to prices and underwriting criteria to help achieve volume and profit targets across all products, channels and brands. You'll be responsible for delivering pricing initiatives to make esure’s pricing and rating capabilities market leading.

What you'll do:

• You will develop an understanding of the market and bring relevant market insight to the attention of the Pricing Team.
• You'll be familiar with the main aspects of Pricing e.g. risk pricing, retail pricing and expenses, including how these are modelled/derived.
• Leads on building and updating risk/retail models using Radar, Emblem and alternative modelling/Data Science techniques.
• Responsible for implementing changes through the pricing algorithm as required. Ensure all rate changes are made promptly, in a controlled manner and that there are no major rate change audit issues.
• Leads on analysis to monitor key aspects of business performance, such as conversion, retention, loss ratios, and rate analysis as directed by the Pricing Manager, flagging any issues.
• Can understand and interrogate relevant data assets as well as some external data sources.
• Has a knowledge of all esure products, understanding the differences between them and how they should be analysed.

Qualifications

We’d love you to bring…

• Proven track record in analysis and detailed knowledge of the UK Motor & Home Insurance markets.
• Degree level education or equivalent with proven numeracy skills.
• A knowledge of pricing and modelling techniques
• Experience of applying multivariate statistical and/or Data Science techniques (e.g. Regression (GLMs), Clustering, GBMs) to business problems
• Computer literate with a knowledge of statistical software such as SAS or Python would be an advantage, as well as insurance pricing software, e.g. Radar and Emblem.
• A well-organised and logical approach, with attention to detail and good communication skills are essential as is the ability to demonstrate an in-depth understanding of how the business works and performs.
• The ability to communicate technical information in non-technical terms where appropriate and the ability to produce clear and concise written reports.

Additional Information

The Interview Process (subject to change):

• You’ll start with an introductory call with one of our Recruitment Partners. This is a ‘get to know you session’ and for you to explore the position in more detail.
• 1st stage with the Hiring Manager
• 2nd stage with a stakeholder
• Offer

What’s in it for you?:

• Competitive salary that reflects your skills, experience and potential.
• Discretionary bonus scheme that recognises your hard work and contributions to esure’s success.
• 25 days annual leave, plus 8 flexible days and the ability to buy and sell further holiday.
• Our flexible benefits platform is loaded with perks to choose from, so you can build a personal toolkit to support your health, wellbeing, lifestyle, and finances.
• Company funded private medical insurance for qualifying colleagues.
• Fantastic discounts on our insurance products! 50% off for yourself and spouse/partner and 10% off for direct family members.
• We’ll elevate your career with hands-on training, mentoring, access to our exclusive academies, regular career conversations, and expert partner resources.
• Driving good in the world couldn’t be more important to us. Our colleagues can use 2 volunteering days per year to support their local communities.
• Join our internal networks and communities to connect, learn, and share ideas with likeminded colleagues.
• We’re a proud supporter of the ABI’s ‘Make Flexible Work’ campaign and welcome you to ask about the flexibility you need. Our hybrid working approach also puts you in the driving seat of how and where you do your best work.
• And much more; See a full overview of our benefits here Reward and benefits | Esure Group PLC

We are committed to creating an inclusive and diverse workplace where everyone feels valued, respected, and empowered. We celebrate individuality and create spaces where unique backgrounds and experiences can come together. We believe that diverse perspectives drive innovation, in turn enabling us to better serve our customers, community and build a stronger organisation. Our commitment to inclusion extends to every part of our business, from hiring practices to professional growth opportunities, ensuring equal access and support for all.

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Created on 04/04/2025 by TN United Kingdom