Actuarial Pricing Analyst

Tesco Insurance and Money Services; Reigate; Hybrid; GBP 30,000 - 36,000; Full time

Benefits offered by this job

Pension up to 7.5% employer contrib.

Virtual GP Service

Performance bonus

7.2 weeks holiday

Colleague Clubcard discount

Enhanced parental leave

Save and Buy scheme

Learning opportunities

Job summary

Tesco Insurance and Money Services seeks an Actuarial Pricing Analyst (Pricing Analyst - Protect) to support pricing, modelling, and profitability analyses for the insurance portfolio. You’ll build models, explore data science methods, and communicate insights to stakeholders in clear terms.

The role emphasizes technical modelling, data-driven decision making, and collaboration across teams, with a hybrid-work setup and ongoing professional development.

Qualifications

• Degree in a numerical subject with a 2:1 classification.
• Strong Excel and data processing/modelling skills.
• R and Python are beneficial for modelling; not required.
• Good organisational skills and ability to work in a team.
• Customer-centric approach with interest in UK personal lines insurance.
• Ability to communicate complex analysis in clear terms.

Responsibilities

• Build pricing models and use data science tools to inform insurance pricing.
• Deliver high quality data analytics to support pricing decisions and opportunities.
• Research and apply new statistical techniques and automation to improve processes.
• Communicate modelling results to peers and stakeholders in non-technical language.
• Monitor product performance and identify pricing opportunities across segments.
• Keep knowledge up to date and pursue personal development.

Skills

Excel

Data analysis

Team collaboration

Customer focus

Numerical reasoning

Communication

UK personal lines knowledge

Education

Numerical degree (2:1)

Tools

R

Python

Job description

Serving our customers, communities, and planet a little better every day.

About the role

Serving our customers, communities, and planet a little better every day.

Salary

Salary is from £33,040 + annual bonus & benefits

Work Level

1

Location

Reigate, Permanent

Office Attendance

Our hybrid working model gives you the best of both worlds - flexibility to work from home and valuable face-to-face time with colleagues. This role typically requires 2 days per week onsite.

Closing Date

Applications close on 9th November at 5pm

Why this role?

We’re recruiting for an Actuarial Pricing Analyst (internally known as Pricing Analyst - Protect (South)) to join our Insurance and Money Services team. In this highly technical and specialised role you’ll support the insurance business by analysing pricing trends, building predictive models, monitoring the performance of the business, and identifying areas of opportunity for growth and profitability.

What you’ll be doing

• Building pricing models and utilising Data Science tools to provide insight into insurance risk
• Delivering high quality data analytical activities to support pricing changes and business opportunities
• Proactively researching and implementing the use of new statistical analyses, machine learning and automation to improve processes
• Communicating the results of the modelling and analytical work effectively in non-technical language to peers and stakeholders
• Monitoring the business performance across our products and highlighting pricing opportunities across different segmentations
• Keeping knowledge and skills up to date and driving your own personal development

What we’re looking for (minimum criteria)

• A strong record of education attainment with a degree in numerical subject - ideally a 2.1 classification
• Highly computer literate; able to use Excel and other common data analysis and data processing/modelling software
• Strong appetite and ability to research new modelling techniques a background in using a range of tools including R and Python is beneficial for this role, although not required
• Good organisational skills; able to deliver tasks within agreed timescales. Ability to work as part of a team; fostering positive relationships and providing mutual support and guidance
• Highly customer centric; focused on the delivery of high levels of customer service
• Some knowledge or interest of the UK personal lines insurance market

And if you have any of these, even better

• Proven ability to solve business problems and overcoming obstacles to find effective business solutions
• Ability to explain complex analysis clearly, avoiding the use of jargon and acronyms and able to communicate the material financial implications of modelling and analysis decisions
• Appropriately balance statistical accuracy with financial materiality
• Able to apply judgement where data may be sparse or insufficient in quality or where considerable uncertainty surrounds the range of potential outcomes
• Self-motivated, able to work with minimum supervision

We welcome applications from everyone. If you’re excited about this role but your experience doesn’t align perfectly with every requirement, we’d still love to hear from you.

What’s in it for you

• A generous pension, with up to 7.5% employer contribution, depending on what you put in
• Virtual GP Service for you and your family
• Performance related annual bonus
• 7.2 weeks holiday, with the opportunity to buy more
• Colleague Clubcard discount (10-15% + second card to share with someone else)
• Enhanced parental leave
• Opportunities to Save and Buy as you earn
• A place to get on - take advantage of our ongoing learning opportunities to help you achieve the job and career you want

Interviews

As a Disability Confident Employer (Level 2), we’re committed to creating an accessible and supportive environment for all. We offer reasonable adjustments throughout the recruitment process, including interviews, to ensure every candidate has a fair opportunity to succeed.

We also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities, at every level of the organisation.

Interviews are expected to be held November 2026.

Don't miss out. We're assessing applications throughout the recruitment process and may close this opportunity ahead of the closing date if we receive a high volume of applications.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there's no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we're helping our colleagues and serving our customers, communities and planet a little better every day.

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for.

Everything we do is about making things better. Not just for others, but for you too. It's why you'll get bags of choice and plenty of development. It's why you'll always be heard and find balance that works for you. It's why you'll feel totally at home in a place where everyone's welcome.

So, if you want a career where you can do good and feel good, you've found it.

Let's make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice - because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes – people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone's welcome, where they can be part of a great team focused on making a real difference for our customers.