Senior Risk Pricing Analyst

Somerset Bridge Group; East Grinstead; Hybrid; GBP 65,000 - 75,000; Full time

Benefits offered by this job

Hybrid working

Annual leave 25 days+

Discretionary bonus

Pension scheme

Flexible working

Wellbeing app Wrkit

EV salary sacrifice

Retailer discounts

Employee referral

Community support day

Job summary

Somerset Bridge Group is seeking a Senior Pricing Analyst to join our Risk Pricing team in East Grinstead. You’ll lead the development of pricing and risk models for motor insurance, shaping data-driven, competitive strategies that support strong financial outcomes.

You'll collaborate with underwriting, finance and product teams, communicate insights to senior stakeholders, and mentor colleagues while driving continuous improvement in pricing methodology and tooling.

Qualifications

• Strong actuarial/pricing background with experience developing and refining models for pricing and risk assessment.
• Advanced analytical and problem-solving skills, with a track record of improving approaches beyond traditional risk cost modelling.
• Practical programming/analytics capability (e.g., Python and SQL), including data manipulation and model implementation.
• Excellent written and verbal communication skills, able to influence non-technical stakeholders.
• Collaborative working style and the confidence to engage with senior stakeholders.
• High attention to detail and a strong focus on controlled, well-documented analysis.
• Industry experience: 3+ years in a similar pricing/risk modelling role (motor insurance experience preferred).

Responsibilities

• Build and refine pricing models used to price motor insurance products.
• Analyse risk factors, trends and performance; run experience studies and profitability reviews.
• Partner with underwriting, finance and product teams to align pricing strategy with business objectives.
• Support governance and compliance; ensure pricing activity is compliant and well-controlled.
• Communicate insights through reports and presentations to senior stakeholders.
• Coach and mentor colleagues to build pricing capability across the team.
• Drive continuous improvement in processes and tooling to increase efficiency.

Skills

Actuarial/pricing background

Analytical skills

Communication

Collaboration

Attention to detail

Stakeholder engagement

3+ years pricing/risk modelling

Tools

Python

SQL

Job description

Description

We’re looking for a Senior Pricing Analyst to join our Risk Pricing team in East Grinstead. You’ll lead the development of sophisticated pricing and risk models for motor insurance, helping to shape data-driven, competitive pricing strategies that support strong financial outcomes and sustainable growth.

Department: [SBISL] Risk Pricing

Location: East Grinstead

Compensation: £65,000 - £75,000 / year

What you’ll be responsible for:

• Build and improve pricing models: Lead the creation and refinement of actuarial models used to price motor insurance products, ensuring they remain robust, accurate and responsive to market conditions.
• Analyse risk and performance: Conduct deep-dive analyses to identify risk factors, trends and patterns; run experience studies and profitability reviews to evaluate model performance and recommend enhancements.
• Partner across the business: Collaborate with underwriting, finance, product and other teams to align pricing strategy with wider business objectives and support product development and planning.
• Support governance and compliance: Maintain awareness of relevant regulation and actuarial standards, helping ensure pricing activity is compliant and well-controlled.
• Communicate insight: Produce clear reports and presentations for senior stakeholders, explaining complex technical findings in an accessible way.
• Coach and upskill others: Provide technical guidance and mentoring to colleagues, contributing to capability-building across the team.
• Drive continuous improvement: Identify process improvements and adopt new techniques and tooling to increase efficiency and effectiveness.

What you’ll need:

• Strong actuarial/pricing background with experience developing and refining models for pricing and risk assessment.
• Advanced analytical and problem-solving skills, with a track record of improving approaches beyond traditional risk cost modelling.
• Practical programming/analytics capability (e.g., Python and SQL), including data manipulation and model implementation.
• Excellent written and verbal communication skills, able to influence non-technical stakeholders.
• Collaborative working style and the confidence to engage with senior stakeholders.
• High attention to detail and a strong focus on controlled, well-documented analysis.
• Industry experience: 3+ years in a similar pricing/risk modelling role (motor insurance experience preferred).

Our Benefits

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day