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Principal Pricing Analyst

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Principal Pricing Analyst Salary: Competitive and based on experience Location: Hybrid Keywords: Pricing, Analyst, Insurance, Data, Hybird

Our client is seeking a passionate and innovative Principal Pricing Analyst to join their dynamic team. This role offers the opportunity to significantly improve profitability through driving improvements to Motor pricing, across all brands and channels. The successful candidate will be joining at an exciting time of transformation, with the implementation of new platforms and improved data systems. This remote position offers the chance to work with real-time data, making impactful recommendations based on detailed analysis. The role also includes coaching and mentoring responsibilities, providing a platform for personal growth and leadership.

  • Opportunity to drive significant improvements in profitability
  • Work with cutting-edge technology and real-time data
  • Leadership role with coaching and mentoring responsibilities

What you'll do:

As a Principal Pricing Analyst, you will play a pivotal role in shaping the future success of our client's business. You will be entrusted with the responsibility of recommending, delivering, and coordinating changes to prices and underwriting criteria for Motor products. Your expertise in risk pricing, retail pricing, and expenses will be crucial in collaborating with various teams. You will lead the development of significant risk/retail models using advanced modelling techniques. Your keen eye for detail will enable you to monitor business performance effectively. Leveraging insights from various sources, you will enhance the company's pricing capabilities. Furthermore, your leadership skills will shine as you coach and mentor junior analysts.

  • Recommend, deliver and coordinate changes to prices and underwriting criteria for Motor products to achieve volume and profit targets.
  • Collaborate with various teams to help them understand main aspects of Pricing such as risk pricing, retail pricing and expenses.
  • Lead the build and updating of significant risk/retail models using Radar, Emblem and other alternative modelling/Data Science techniques.
  • Monitor business performance, including conversion, retention, loss ratios, and rate analysis.
  • Use insights gained from internal and external sources to deliver step change improvement to pricing capabilities.
  • Coach and mentor Analysts and Senior Analysts, managing tasks, assessing priorities and providing guidance on key data or projects.

What you bring:

The ideal Principal Pricing Analyst brings a deep passion for data analysis along with meaningful insights derived from it. They has extensive experience in a senior or principal pricing role within the UK Motor or Home insurance markets. proficiency in using Radar, Emblem, or similar insurance pricing software is commendable. They also has a good grasp of statistical software SQL. Her understanding of pricing and modelling techniques is solid, and they can effectively communicate technical information in non-technical terms.

  • A passion for data analysis and drawing meaningful insight from data.
  • Experience within a Senior or Principal Pricing role with knowledge of UK Motor or Home insurance products/markets.
  • Proficiency with Radar and other insurance pricing software such as Emblem.
  • Good experience with statistical software SQL.
  • Solid understanding of pricing and modelling techniques.
  • Ability to communicate technical information in non-technical terms.

What sets this company apart:

Our client is an industry leader in the insurance business, striving to become a world-class digital insurer. They are at an exciting point in their development, having recently delivered a huge transformation programme. They have implemented a brand-new platform, improved data systems. This company offers the opportunity to work with real-time data and make impactful recommendations that drive business success. They value personal growth and leadership, providing opportunities for coaching and mentoring within the role.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates

Contract Type: FULL_TIME

Specialism: Actuarial

Focus: Non-Life

Industry: Insurance

Salary: £60,000 - £75,000 per annum + Annual Bonus

Workplace Type: Hybrid

Experience Level: Mid Management

Location: London

Job Reference: YPCJ43-40C95E52

Date posted: 01 July 2024

Consultant: Jack Williams

Phone number:


Jack Williams

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