Senior Pricing Analyst (Insurance)

SAGA; Folkestone; Hybrid; GBP 40,000 - 45,000; Full time

Job summary

A leading insurance provider is seeking a Senior Pricing Analyst to manage pricing strategies and enhance insurance services. In this hybrid role, you will leverage data to identify market trends while collaborating with pricing managers to implement complex solutions. Ideal candidates will have strong experience in personal lines insurance, excellent analytical skills, and proficiency in modeling software. The position includes a comprehensive benefits package and a commitment to employee wellbeing.

Benefits

25 days holiday + bank holidays

Pension scheme matching up to 10%

Annual company performance bonus up to 5%

Wellbeing programme

Enhanced maternity and paternity leave

Qualifications

• Proven track record in developing innovative pricing solutions.
• Experience in General Insurance pricing processes is essential.
• Strong organisation and time management skills.

Responsibilities

• Identify opportunities to drive commercial value.
• Model and monitor business data to confirm market trends.
• Provide pricing advice using insurance expertise.

Skills

Numerical capabilities

Statistical capabilities

Analytical skills

Communication skills

Team management

Problem-solving

Education

Experience in Personal Lines insurance

Tools

Radar

SQL

R

Python

Job description

Overview

Job Introduction

Senior Pricing Analyst

£40,000 - £45,000 dependent on experience

Permanent

Folkestone / London Hybrid

As a Senior Pricing Analyst, you will be managing 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).

We are looking for an experienced pricing expert who has a proven track record of developing innovative solutions to continuously improve Saga Services\' pricing capabilities and support the trading performance.

You will bring an understanding of the drivers of best-in-class street pricing and commercial success in a Personal Lines insurance business and implement innovative and new approaches to generate value. You will be working closely with the Pricing Managers to develop and implement complex solutions to help continuously improve our pricing capabilities.

Additionally, you will work closely with the wider business to use your Pricing expertise to support key aspects of the Group’s strategy and company’s key shareholder objectives

Role Responsibilities

• As a Senior Pricing Analyst you will be responsible for proactively using data to identify 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.
• Provide pricing thought leadership using your experience of insurance pricing and data.
• Provide subject matter expert support in your areas of expertise on strategic projects.
• Assist in development of pricing models for deployment to the rating system, making best use of Radar and other software tools.
• Make recommendations based on your analysis.
• Mine, extract and interpret data to bring out insights, using cutting edge techniques, including machine learning.
• Monitor and assess impact of changes post implementation and proactively recommend amendments to flag where further investigation and action is needed.
• Pricing support for business change initiatives.
• Ensure adherence to pricing fairness rules and data usage policies.
• Represent the needs of the pricing department in business change programmes as required.
• Supporting testing of price-related IT changes if required.
• Support in the learning and development of analysts within the pricing team.

The Ideal Candidate

As a Senior Pricing Analyst, personal lines experience is essential. Experience in Travel and PMI would be advantageous.

Other industry experience would include :

• Detailed knowledge of General Insurance pricing processes and methodologies.
• Strong numerical and statistical capabilities.
• Inquisitive, natural problem solver.
• Excellent oral and written communication skills.
• Strong influencing and relationship management skills.
• Possesses strong team coaching / management abilities and actively motivates others to win.
• Proactive, enthusiastic, and self-motivated.
• Strong organisational skills, e.g. time management, documentation etc.
• Knowledge of modelling software, such as Radar, Emblem, or similar systems.
• Experienced in some programming languages such as SQL, R and Python.
• Understanding of regulatory requirements in relation to pricing.

Saga Values : Make it Happen, Do the Right Thing, Customer First, Excellence Every Day, Our People Make Us Special

Package Description

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 AVAILABLE TO ALL COLLEAGUES :

• 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 x 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