Principal Pricing Analyst

North Co Recruitment; United Kingdom; Hybrid; GBP 65,000 - 85,000; Full time

Benefits offered by this job

Hybrid working

Job summary

North Co Recruitment and a leading UK insurer seek a Principal Pricing Analyst to own pricing performance in personal lines. You will shape market pricing using customer, demand and financial insights, drive end-to-end initiatives and lead a small team of analysts, influencing senior stakeholders.

The role offers hybrid working with office and home collaboration, and a base salary in a competitive UK market with a discretionary bonus potential.

Qualifications

• Insurance experience with market pricing models.
• Ability to challenge risk models with confidence.
• Ownership of pricing performance for a product or area.
• Experience mentoring or line managing.
• Strong communication to technical and non-technical audiences.

Responsibilities

• Own pricing performance of a product or strategic initiative, accountable for growth, profitability and customer value.
• Shape market pricing strategy using customer behaviour, demand, competitor and financial insight.
• Lead pricing initiatives end to end from concept through implementation and optimisation.
• Build and refine market pricing models and review risk models feeding them.
• Present evidence-based recommendations to senior stakeholders and influence commercial decisions.
• Line manage and coach analysts, setting technical standards.

Skills

Pricing analytics

Risk modelling

Stakeholder communication

Line management experience

Radar/Emblem

Python or R

Numerate degree

Statistical modelling

Commercial mindset

Education

Numerate degree (Math)

Tools

Radar

Emblem

Job description

North Co Recruitment are working with a leading UK insurer to appoint a Principal Pricing Analyst into their personal lines pricing function. You’ll own a product’s commercial performance in a high-visibility area of the business, backed by serious investment in pricing and with your own direct report - exactly the kind of role that takes your career profile to the next level.

What you’ll do

• Own the pricing performance of a product or strategic initiative, with accountability for growth, profitability and customer value.
• Shape market pricing strategy using customer behaviour, demand, competitor and financial insight, rather than executing decisions handed down to you.
• Lead complex pricing initiatives end to end, from initial concept through implementation and ongoing optimisation.
• Build and refine market pricing models, and act as the critical reviewer of the risk models that feed into them.
• Present evidence-based recommendations to senior stakeholders and influence the commercial decisions that follow.
• Line manage and coach analysts, setting the technical standard for the wider team.

What we’re looking for

• Experience in insurance, with a track record of developing market pricing models.
• The technical depth to interpret, review and challenge risk models with confidence.
• Desire to own pricing performance for a product or business area and turning analysis into commercial outcomes.
• Some experience coaching or mentoring others, with the appetite to take on formal line management.
• Strong experience working with Radar, Emblem or other industry standard tools.
• Python or R skills, underpinned by a solid grasp of statistical modelling.
• A numerate degree, ideally a 2:1 or above in a mathematics-related subject.
• The communication skills to make complex analysis land with technical and non-technical audiences alike.
• Hybrid working applies, with a mix of home and office-based collaboration.

If you’re looking for a Principal role with genuine product ownership, your first step into line management and a clear route towards Pricing Manager, we’d be keen to speak.

Salary: £65,000-85,000 base, plus discretionary bonus

Please note, the client is unable to offer sponsorship for this opportunity.