Risk Pricing Analyst

Hastings Direct; Bexhill-on-Sea; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading digital insurance provider is seeking a Risk Pricing Analyst to support profit and growth targets. You will analyze claims, adjust pricing strategies, and collaborate with various teams. Ideal candidates will possess strong analytical skills and proficiency in data manipulation tools. This role offers a hybrid working model and comprehensive benefits, including competitive bonuses and a well-being program.

Benefits

Flexible working

Competitive bonus scheme

Financial wellbeing

Mental wellbeing programme

25 days annual leave

Qualifications

• Ability to interpret and analyze complex data.
• Critical evaluation of information to make informed decisions.

Responsibilities

• Support the Risk Pricing Manager in achieving profit targets.
• Analyze claims experience to inform pricing decisions.
• Monitor key performance indicators and conduct market analysis.
• Support rate change processes from concept to delivery.

Skills

Strong numerical and analytical skills

Proficient in MS Office

Proactive problem-solving

Excellent written and verbal communication skills

Confidence to express opinions

Tools

Statistical/data manipulation tools

Job description

Risk Pricing Analyst

Location: London / Leicester / Bexhill

Hybrid: Expected in the office once a week

Welcome to Hastings Direct. We're a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we've made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people. And as a Finance team, we're doing exactly the same - building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.

The fact you're now reading this job advert means we've tempted you to find out more about #lifeatHD. If you like what you see, we hope you'll consider joining our team.

We have high standards and understand some people may not apply for jobs unless they feel they tick every box. If you're excited about joining us and think you have some of what we are looking for, even if you're not 100% sure, we would love to hear from you.

The Role

You will support the Risk Pricing Manager in achieving profit and growth targets by developing and delivering new insights, integrating innovative data sources, analytical techniques, and ways of working. The role involves identifying opportunities to expand our competitive footprint, addressing unprofitable business, and collaborating with teams across the wider business to drive strategic improvements.

Key Accountabilities

• Analyse claims experience and competitive position to inform pricing decisions.
• Identify opportunities to adjust prices or underwriting footprint to meet targets.
• Monitor key performance indicators and customer mix within designated segments.
• Conduct market analysis and track competitor activity and performance.
• Support rate change processes from concept through delivery and ongoing refinement.
• Assist in producing risk pricing tools and underwriting management information.

Skills & Experience

• Strong numerical and analytical skills with ability to interpret complex data.
• Proficient in MS Office and comfortable with statistical/data manipulation tools.
• Proactive approach to problem-solving and driving change.
• Ability to critically evaluate information and make informed decisions.Excellent written and verbal communication skills.
• Confidence to express opinions and challenge constructively.

The interview process

• Recruiter screening call
• Virtual interview with the hiring team, including a presentation of your data analysis based on a case study.

As a Disability Confident employer, we're committed to ensuring our recruitment processes are fully inclusive. For more information on the Disability Confident Scheme (DCS), please visit our inclusive business page on our careers website. For this position, we're regrettably unable to accept applications through the DCS due to the extremely high volumes of applications we receive. However, you'll of course have fair access to support and adjustments throughout your recruitment journey.

Benefits

• Flexible working – we champion a flexible hybrid working approach; please speak to your recruiter to discuss in more detail.
• Competitive bonus scheme – all colleagues are eligible for our annual 4Cs performance bonus.
• Financial wellbeing – we provide 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%. We also offer discounts, cashback, free independent mortgage advice, and free access to financial wellbeing support.
• Mental wellbeing programme – we have the Thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups, and a dedicated team to make sure we are covering your needs.
• Additional benefits – 25 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to healthcare cashback plans, dental plans, discounted health assessments, cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more.

Join us and you'll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you'll be helping to drive our growth, so in return, we'll give you all the support, training and development you need. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we'll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.

Unfortunately, we are unable to progress with candidates that require sponsorship at this time.

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please also note that we have a thorough referencing process, which includes credit and criminal record checks.