Principal Pricing Analyst

Allianz Popular SL.; London; Hybrid; GBP 63,000; Full time

Job summary

A top insurance firm is seeking a Principal Pricing Analyst to join their Broker Home Pricing team in London. The candidate will leverage statistical and machine learning techniques to enhance pricing strategies and support trading objectives. This hybrid role offers competitive pay around £63,000 and opportunities for professional development. The firm promotes diversity and flexible working options.

Benefits

Flexible buy/sell holiday options

Hybrid working

Annual performance-related bonus

Contributory pension scheme

Development days

Discounts on insurance products

Retail discounts

Volunteering days

Qualifications

• Solid knowledge of statistical modelling methods, particularly GLMs.
• Knowledge of machine learning techniques, especially GBMs.
• Proven experience in working with large data sources.
• Good command of coding languages such as Python, SQL, and DataBricks.

Responsibilities

• Lead the review and implementation of risk model updates.
• Work with teams to understand their data requirements.
• Analyze data and communicate results to non-technical audiences.
• Build and test statistical models and machine learning algorithms.

Skills

Statistical modelling methods

Machine learning techniques

Experience with large data sets

Advanced Excel

Python

SQL

SAS

Databricks

Stakeholder management skills

Tools

WTW's Radar

WTW's Emblem

Job description

Overview

Allianz have a new opportunity for a Principal Pricing Analyst within our Broker Home Pricing team. This will be a hybrid position based out of our London or Birmingham offices.

Working with the wider Pricing and Data Science team to develop and implement best practices and with the Underwriting and Distribution teams to support delivery of trading objectives. You'll deliver project work and analysis to agreed business timescales, influence and interpret project requirements from Pricing/Trading meetings and document important decisions and challenges from the senior stakeholders. In addition to this you will build and maintain relationships with teams involved in the Pricing end-to-end delivery process and across the company.

You'll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing-based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK.

Salary Information

Pay: Circa £63,000 per year. Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.

About You

As the Principal Pricing Analyst, you will be responsible for:

• Leading the review of and implementation of risk model updates into live rating - continually looking to improve data and processes.
• Working with different teams and stakeholders to achieve an understanding of their needs, data requirements and expected modelling outcomes.
• Getting hands-on with data from its source right through to modelling and then implementation in rating.
• Analysing data, interpreting output and communicating results to a non-technical audience.
• Building and testing Statistical models and machine learning algorithms.
• Working with Data Enrichment team to obtain and use third-party and internally generated data sources to enhance models.
• Supporting the business in the deployment of its data solution.
• Assisting in coaching and developing other colleagues within the team to ensure constant up-skilling.
• Assisting with BAU including reporting.

Essential Skills

We don’t expect you to know everything from day one, but the following will enable you to hit the ground running:

• Solid knowledge of relevant statistical modelling methods - in particular GLMs.
• Knowledge of relevant machine learning techniques - in particular GBMs.
• Proven experience in working with large data sources.
• Good command of Advanced Excel, Python, SQL, SAS, Databricks or similar coding languages.
• Experience of WTW's Radar and Emblem.
• Good understanding of the various elements of a Technical Price, including business expenses, other costs and actuarial/inflation assumptions.
• Good stakeholder management skills, including communication, expectation management and the ability to convey technical concepts to a non-technical audience.
• Ability to build and maintain relationships throughout both the Pricing Department and the wider business.

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that's perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That's on top of enjoying all the benefits you'd expect from the world's number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it's right for our customers, our business and for you, then we'll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Diversity & Inclusion

At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community's Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success. We encourage our employees to advocate for their needs, whether it's assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

Contacts

For any inquiries or to submit your application, please contact: Charlotte Whalley

If you are an at-risk candidate facing potential redeployment, please include this information in your CV.

We reserve the right to close the ad early if we reach enough applications.

Closing date 12/06/25