Pricing Analyst

SAGA PLC; Marazion; Hybrid; GBP 25,000 - 35,000; Full time

Job summary

A leading insurance provider in Marazion is seeking a Pricing Analyst to contribute to their pricing strategy. This role is ideal for recent graduates with a strong mathematical background. Responsibilities include modelling business data, assisting in pricing model development, and making data-driven recommendations. The position offers a hybrid working environment, combining office and remote work, and an extensive benefits package including annual bonuses and study support.

Benefits

25 days holiday + bank holidays

Pension scheme matched up to 10%

Annual bonus up to 5%

Wellbeing programme

Access to Saga Academy

Qualifications

• Strong mathematical education is essential.
• Recent graduates are encouraged to apply.
• Ability to communicate technical concepts clearly.

Responsibilities

• Proactively use data to drive commercial value.
• Model and interpret business data for market trends.
• Assist in development of pricing models for rating.

Skills

Understanding of data organization

Numerical reasoning skills

Critical thinking skills

Commercial awareness

Customer focus

Clear communication of technical concepts

Education

A in Maths or Further Maths A-Level

1st or 2:1 in Mathematical or equivalent degree

Tools

Radar software

Job description

Overview

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.

Key Responsibilities

• 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

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

Qualifications & Experience

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

Skills & Experience

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 to 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. 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

• 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 × 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

Job Details

• Contract Type – Permanent
• Work Experience – Limited Experience
• Type of Employment – Contingent Work
• Shifts – Day shift

Saga