Insurance Pricing Analyst Graduate Scheme

The National Farmers Union Mutual Insurance Society Limited; Stratford-upon-Avon; Hybrid; GBP 30,000 - 36,000; Full time

Job summary

A leading insurance company in Stratford-upon-Avon is offering a 3-year pricing scheme for graduates. You will analyze data, refine pricing models, and work collaboratively on projects. Ideal candidates should have a minimum of a 2:1 degree and strong analytical skills. The role includes a salary of £30,987 plus bonuses, extensive benefits, and opportunities for career development.

Benefits

Annual bonus up to 10%

Contributory pension scheme up to 20%

25 days annual leave + bank holidays

Family-friendly policy

Employee discounts of 15% on NFU Mutual policies

Health and wellbeing plan with cashback

£20 monthly gym membership contribution

Qualifications

• Minimum 2:1 degree with a strong numerical or analytical component.
• Open to a wide range of disciplines, not just STEM.
• Strong numerical, analytical, or problem-solving skills.

Responsibilities

• Extract, clean, and analyze data for modeling purposes.
• Conduct complex analyses to improve data and models.
• Refine pricing models and support business decisions.
• Develop rating logic for effective pricing outcomes.
• Implement quality control processes for models and data.
• Prepare reports and communicate findings effectively.

Skills

Teamwork and collaboration skills

Communication skills

Analytical skills

Digital literacy (Emblem, Radar, R, SQL, Python)

Problem-solving ability

Self-motivation and initiative

Education

2:1 degree or higher

Tools

Emblem

Radar

R

SQL

Python

Job description

Overview

Pricing plays a key role in setting the cost of our insurance policies. The team analyse data, assess risks, and predict trends to ensure premiums are fair and competitive. By balancing customer needs with business goals, they help NFU Mutual stay profitable while offering great value to our customers. It focuses on using insights and smart thinking to get the price right. Our Pricing team is forward-thinking and innovative, using tools such as predictive modelling, machine learning, and advanced data analytics to support commercial growth projects, trend analysis, street pricing, and market benchmarking. They are involved in strategic internal initiatives and are committed to developing future leaders with a strong “grow our own” culture.

Scheme details

• Salary - £30,987 + up to 10% annual bonus, with annual pay reviews and incremental increases as you develop
• Start date - September 2026, with earlier start dates available if desired
• Scheme length - 3 years
• Location - Stratford-upon-Avon, hybrid work depending on business needs
• Criteria - Minimum 2:1 degree with strong numerical or analytical components (all disciplines considered)

What you can expect

In our exciting 3-year scheme, you'll dive into various aspects of insurance pricing with a wide range of responsibilities, including:

• Extracting, cleaning, and analysing data for modelling purposes
• Conducting complex analyses (e.g., multivariate, root cause, performance testing) to inform continuous improvement of data and models
• Refining and operating pricing models and reporting results to support informed business decisions
• Developing rating logic that ensures effective pricing outcomes
• Implementing quality control processes to guarantee that models and data deliver expected outputs
• Preparing reports, communicating findings, addressing queries, and taking ownership of follow-up actions to provide excellent service to the team and business stakeholders

You'll work collaboratively on daily tasks while also having the chance to participate in exciting projects and change initiatives. We’ll support your career development with a structured plan that includes biannual performance reviews, each offering the potential for competitive salary increases and progression to the next level. Join us and shape the future of pricing!

Your development

Throughout the scheme you'll strengthen core skills, earn qualifications, and develop essential competencies to set you up for a successful career. You'll be supported with a dedicated buddy and mentor, plus a strong network of current and former graduates. Near the end of the scheme, a careers coach will guide your next steps. We encourage involvement in extracurricular activities in line with NFU Mutual's ESG framework.

Qualifications and desirable skills

To join this scheme, you should have achieved, or be on track for, at least a 2:1 degree. Applications are welcomed from a wide range of disciplines, not just STEM. If your studies have equipped you with strong numerical, analytical, or problem-solving skills, we'd love to hear from you. We’ll also be looking for:

• Teamwork and collaboration skills
• Communication skills for presenting complex analyses to stakeholders
• Analytical skills for dissecting data sets and improving pricing models
• Digital literacy with tools such as Emblem, Radar, R, SQL, and Python
• Problem-solving ability and adaptability
• Self-motivation and initiative

If you bring these, we can teach you the rest.

Benefits

• Salary - £30,987
• Annual bonus up to 10% of salary
• Contributory pension scheme up to 20%, including your 8% contribution
• 25 days annual leave + bank holidays + buy/sell holiday trading scheme
• Family-friendly policy to help balance work and family responsibilities
• Access to savings on High Street brands, travel and supermarkets
• £20 monthly gym membership contribution (subject to terms)
• Health and wellbeing plan with cashback for dentist, opticians, physio, and more
• Access to voluntary benefits including health assessments, private medical and dental insurance
• Employee volunteering - one day per year
• Refer a Friend scheme with £500 bonus
• Life assurance cover of 4 x salary
• Employee discounts of 15% on NFU Mutual policies