Insurance Pricing Analyst - Folkestone Hybrid

Saga; England; Hybrid; GBP 30,000; Full time

Job summary

A leading insurance provider in the UK is seeking a Pricing Analyst to enhance pricing capabilities and support the delivery of their insurance strategy. The role is ideal for graduates with strong mathematical backgrounds and includes hybrid working, with two days in the Folkestone office. The successful candidate will leverage data analysis to identify trends, make pricing recommendations, and develop pricing models, contributing to the company's profitability and customer satisfaction.

Benefits

25 days holiday + bank holidays

Pension scheme matched up to 10%

Company performance related annual bonus

Life assurance policy

Wellbeing programme

Colleague discounts

Access to Saga Academy

Qualifications

• Strong mathematical education is essential.
• Ability to explain trends in data with logical arguments.
• Experience using innovative techniques including machine learning.

Responsibilities

• Use data to find opportunities to drive commercial value.
• Model and monitor business data to identify trends.
• Assist in development and deployment of pricing models.

Skills

Understanding data organization

Numerical reasoning skills

Critical thinking skills

Commercial awareness

Customer focus

Communication of technical concepts

Education

A level in Maths or Further Maths

1st or 2:1 in Mathematical or equivalent degree

Tools

Radar

Job description

£30,000 per annum

Insurance Pricing Analyst

Salary - £30,000

Permanent

Folkestone Hybrid

As a Pricing Analyst you will be contributing to Saga’s street pricing to support the delivery of the insurance strategy, customer outcomes and contribution to the achievement of the overall P&L for Saga Services (SSL).

As a graduate or recent graduate, you’ll join the wider team, and your work as our new Pricing Analyst will contribute to helping our pricing capabilities become the market‑leading standard. You will come from a mathematical background, bringing with you an understanding of how to organise data and identify trends.

With a detailed onboarding plan, we will introduce you to the world of pricing and personal lines insurance, setting you up for a successful career.

In this role, you will work closely with your immediate pricing team to develop and monitor pricing models, prepare data for modelling, select and apply appropriate statistical techniques and make judgements and recommendations for price changes.

This fantastic role is complex and challenging and can make a key difference to the company's future profitability. You can expect to make real contributions to a variety of projects from the outset.

We work in a hybrid way at Saga both at home and in the office. This role requires you to be working from our Folkestone office twice a week, allowing us to collaborate and share success as a business.

Role Responsibility

As one of our Pricing Analysts you will be accountable for the following areas;

• Proactively use data to find areas of opportunity to drive commercial value and competitive advantage, delivering profitable growth for Saga’s insurance business.
• Model, interpret and monitor business data to identify and confirm market trends, product opportunities and new / changing rating factors.
• Assist in development of pricing models for deployment to the rating system, making best use of Radar and other software tools.
• Make recommendations to pricing leads based on your analysis.
• Mine, extract and interpret data to bring out insights, using innovative techniques, including machine learning.

The Ideal Candidate

We are delighted to be able to offer study support for the successful applicant, therefore a strong mathematical education is essential.

• A in either Maths or Further Maths A-Level
• 1st or 2 : 1 in a mathematical or equivalent degree (including Actuarial Science & Statistics)

As a Pricing Analyst you would be able to demonstrate the following skills and experience :

• Understanding of how to organise data so that it can be used to identify trends and anomalies.
• Numerical reasoning skills to be able to explain observed trends in data with logical argument.
• Critical thinking skills to assimilate information from various sources to form and prove hypotheses and use judgement and all available information to test and validate hypotheses.
• Use estimates, judgement, and risk‑based assessments to make recommendations for action even in the absence of full information.
• Commercial awareness; be able to articulate the financial impacts of your work.
• Customer focus : demonstrate that you have considered the customer impact of your work.
• Communicate technical concepts clearly, and understand how to put across complex subjects to a wide and varied audience

Saga Values : Make it Happen, Do the Right Thing, Customer First, Excellence Every Day, Our People Make Us Special

Package Description

At Saga we recognise that our people make us special. We believe our colleagues deserve rewards for the excellence they demonstrate every single day, that's why we have put together an amazing benefits package for all colleagues.

BENEFITS AVAILABLE TO ALL COLLEAGUES :

• 25 days holiday + bank holidays
• Option to purchase additional leave - 5 extra days
• Pension scheme matched up to 10%
• Company performance related annual bonus - Up to 5%
• Life assurance policy on joining us, 4 x salary
• Wellbeing programme
• Colleague discounts including family discounts on cruises, holidays and insurance
• Range of reductions and offers from leading retailers, travel groups and entertainment companies
• Enhanced maternity and paternity leave
• Grandparents leave
• Income protection
• Access to Saga Academy, our bespoke learning platform

About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine. At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better. Fair consideration is given to applications from all applicants, including those with disabilities and those over 50, as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.

Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner. Job Reference: saga / TP / 56250 / 3378