Senior Pricing Analyst

Bought By Many; United Kingdom; Remote; GBP 40,000 - 60,000; Full time

Job summary

A leading company in pet insurance is seeking a Senior Pricing Analyst to drive growth and support innovation within their insurance portfolio. This role involves managing pricing strategies, collaborating with various teams, and ensuring competitiveness in the market. Ideal candidates possess strong analytical skills, attention to detail, and relevant experience in pricing models. Join us and help make a significant impact in the world of pet insurance.

Benefits

Best-in-class technology support

Money towards a desk

Vision support

Qualifications

• Experienced analyst or senior analyst.
• Commercial experience in a pricing role.
• Understanding of personal lines insurance dynamics.

Responsibilities

• Manage market pricing activities and build pricing optimization frameworks.
• Monitor market trends and make rate recommendations.
• Communicate results effectively to stakeholders.

Skills

Attention to detail

Analytical thinking

Communication

Customer-centric

Education

Degree-level qualification in Mathematics, Science, Engineering, or related degree

Tools

Excel

SQL

SAS

R

Python

Job description

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We love pets - which is why we’re on a mission to make the world a better place for pets and their parents. We offer pet insurance policies with generous pet health benefits that are designed with their needs in mind. We’ve helped half a million pets stay happy and healthy since 2017 - and many more customers throughout the world are joining us every day. Our company is respectful, fun-loving and passionate about pets and their wellbeing. Throughout our business you'll meet people who think differently, aim for impact, and love to try new things. Want to join our pack? Join us. Love every moment. Love ManyPets.

About the Opportunity

As a Senior Pricing Analyst, you'll be at the forefront of driving evolution and fostering growth within our dynamic company. Your expertise will be pivotal in supporting and innovating processes within our UK insurance book, working closely with our talented Underwriting team. Drawing on your deep knowledge of market pricing and price optimisation, you'll play a crucial role in ensuring our products remain competitive and tailored to meet the evolving needs of our customers.

Reporting directly to our Market Pricing Manager, you'll have the opportunity to collaborate cross-functionally with teams in Actuarial, Finance, Marketing, Underwriting and Data, forging strong relationships to drive strategic initiatives forward.

Your Focus

• Manage and develop the market pricing activities, build and maintain our demand, elasticity, and market pricing models and own and develop our pricing optimisation framework.
• Manage and develop our lifetime value modelling and multi-year price optimisation models and strategic approach.
• Monitor market trends and extract insight on competitor benchmarking to make rate recommendations.
• Build strong relationships with the wider Underwriting team, Marketing and Data teams and keep the business informed of our competitive position and conversion performance in our trading meetings.
• Work closely with our deployment lead to drive innovation in rating and ensure timely delivery of rate changes.
• You’ll communicate results effectively to realise business gains from valuable insight and present rate recommendations to senior stakeholders, external parties, and pricing committees.

What Leads to Success

Here are some of the individual skills we know will enable you to succeed in this position. If you don’t tick every box - don't worry as we can support you in both your personal and professional development:

• You bring high accuracy, quality, and attention to detail everything you do.
• You’re able to work and learn quickly in a fast-paced and often changeable environment.
• You are detail focused, analytical, and able to communicate outputs clearly and simply.
• You build collaborative relationships and demonstrate the ability to influence across the business - you make change happen by working well with others.
• You're customer-centric and can view what you do through customer’s eyes - while remaining commercially astute.
• Your colleagues know you as being a clear communicator, and someone can present persuasively and explain why something is important.
• You are curious - you like to keep up to date with technical developments in the insurance industry.

What We’re Looking For

• You’ll currently be an experienced analyst or senior analyst. You might be working through actuarial exams or might not (study support is available), and/or you have data science experience relevant to the role
• You have commercial experience in a pricing role, preferably direct or aggregator-led personal lines insurance.
• You’ll have experience in price modelling.
• You are up to date with technical developments in the insurance industry and best practice in actuarial methods.
• Owing to the nature of the role, we will need you to have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related degree, with a minimum of a 2:1 classification.
• You'll know Excel will have experience with one or more programming languages such as SQL, SAS, R or Python. If you have experience of Earnix or Radar or similar applications, then this is also a bonus.
• You will bring an understanding of the dynamics of personal lines insurance (pet insurance experience an advantage, but not essential)

Ways of working

On a typical day you’ll be working from a laptop with a screen, mouse, keyboard, and headset. You’ll be meeting your colleagues on Zoom and keeping in touch regularly via email and Slack too – we’d expect you to be using your computer for around seven hours a day. We’d ask that you have a distraction-free work area and a reliable internet connection with a speed of 25Mbps so you can work effectively. We’ll make sure you have the right home set-up that supports you in the role by providing best-in-class technology, money towards a desk, and vision support.

Inclusion at ManyPets

We promise to give you the same opportunities as everyone else and we won’t discriminate against you at any point in the process. This includes how we source talent, our interview process, our conditions of employment (including pay) and feedback. If you'd like to read more about this, please download our policy.

Reasonable adjustments and support

If you need any help, support, or advice at any point during the hiring process please email . If you want to ask any questions or request an adjustment, please let us know and we'll do what we can to flex our approach.