Senior Technical Pricing Analyst

Travelers Canada; Greater London; Hybrid; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Hybrid working

25 days leave

Life insurance

Job summary

Simply Business in London is seeking a Senior Technical Pricing Analyst to drive MGA pricing strategy with a tech-first approach. You’ll own analyses end-to-end, collaborate with underwriting and data science, and translate data-driven insights into live market actions.

You will mentor junior analysts, help build a world-class analytics function, and apply Python, R and SQL to high-frequency data using Earnix, Akur8 or Emblem to sustain profitability.

Qualifications

• Degree in Mathematics, Statistics, Engineering or Physics.
• Experience in statistical/analytical roles within general insurance.
• Proficiency in data manipulation and statistical modeling using SQL, R or Python; familiar with pricing tools.

Responsibilities

• Monitor MGA portfolio performance from a risk perspective for profitability.
• Contribute to production/maintenance of technical risk pricing models (Python, R, SQL).
• Identify market trends and advise price adjustments to protect profitability.
• Evaluate new product propositions for profitability and market entry pricing.
• Transform data into insights and dashboards for underwriting reviews.
• Mentor junior analysts and support the Head of MGA Pricing.

Skills

Numerical analysis

Statistical modeling

Python/R/SQL

Stakeholder communication

Education

Math/Statistics/Engineering/Physics degree

Tools

Earnix

Akur8

Emblem

Python

SQL

Job description

Who Are We?

We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 1,000,000 active insurance policies, we protect builders, bakers, landlords and more than 1,200 other trades. We’re a technology company as well as one that sells insurance. That means we build, we fail, we learn and we improve. Through our global social impact strategy, called 'The Big Dreams Project’, we're working to help 10,000 small businesses start or grow by 2030. Why not check out our advert on YouTube: Simply Business TV advert 2024: 'Simply the Best'.

What Is the Opportunity?

As a Senior Technical Pricing Analyst at Simply Business, you will step away from traditional, sluggish insurance models and lead our MGA pricing strategy from our tech-first London hub. We are completely bypassing legacy processes to apply sophisticated statistical techniques and machine learning to high-frequency data, keeping us steps ahead in the fast-paced small business market. What makes this role different from other technical pricing positions is the sheer scale of impact and autonomy you will enjoy. You won't just be tucked away building isolated models; you will have complete ownership over your analyses, collaborate directly with underwriting and data science teams, and see your data-driven recommendations transform directly into live market actions. Plus, you'll play a vital role in building a world-class analytics function by mentoring junior analysts and supporting the Head of MGA Pricing. As one of our Senior Technical Pricing Analyst’s, you’ll:

• Monitor the performance and health of the MGA portfolio from a risk perspective to ensure long-term, sustainable profitability.
• Contribute to the production and maintenance of technical risk pricing models using Python, R, SQL, and advanced pricing tools like Earnix, Akur8, or Emblem.
• Identify emerging market trends and recommend proactive price adjustments to protect our leading position without negatively affecting loss ratios.
• Evaluate new product propositions to identify potential profitability and set the optimal price points for successful market entry.
• Transform complex datasets into actionable insights and enhanced dashboards for underwriting footprint reviews.
• Support the development of the wider pricing function through active training, coaching, and mentorship of junior colleagues.

Ready to make a real-world impact and help us enable big dreams for small businesses?

We’re looking for someone who is:

• Highly numerate with a degree in a discipline like Mathematics, Statistics, Engineering, or Physics.
• Experienced in a statistical or analytical role within the general insurance industry, with an understanding of portfolio risk.
• Proficient in data manipulation and statistical modelling using tools like SQL, R, or Python, and familiar with pricing software like Earnix, Akur8, or Emblem.
• An excellent communicator who can comfortably present complex technical findings to non-technical business partners.
• A self-motivated, proactive worker who enjoys managing their own workload and delivering high-quality results to tight deadlines.
• A collaborative teammate who can build strong relationships across data science and underwriting teams to achieve shared goals.

(We know it’s tough, but please try to avoid the confidence gap. You don’t have to match all the bullet points above to be considered for this role.)

What are the benefits of working at Simply Business

• we offer a great work-life balance where workloads are manageable and everyone has the flexibility to work hybrid on top of the 25 days annual leave (plus bank holidays), we offer the option to buy five more days of holiday with your flexible benefits our flexible parental leave allows you to approach an important time how you want - with six months full pay to the primary caregiver and four weeks full pay if you're the secondary caregiver our life event leave is an extra days leave every two years for those big moments in your life like moving house or your birthday.
• And our long-serving employees get a two week paid sabbatical after five years of service, then four weeks off after ten years of service private medical insurance through BUPA, that covers any pre-existing condition is a core benefit.
• Plus a health cash plan that covers your everyday medical expenses we offer a competitive salary based on your experience and the current market.
• Plus the potential to earn an annual bonus based on performance access to tools to support your personal development on our dedicated learning platform.
• As well as support for your mental health with access to counselling we match what you put into your pension up to five per cent.
• And pass on a tax-free sum that's four times your basic salary with our life assurance policy, with the option to increase it to ten times through our flexible benefit scheme
• our salary sacrifice car scheme gives you the option to buy a brand new, fully insured, and maintained car for a convenient fixed monthly amount taken from your gross salary (after 6 months service)
• our flexible benefits scheme gives you an allocated amount to use each year on benefits like critical illness cover, dental insurance, travel insurance, or a gym membership

Ready to join us and drive our success as a high-performing team?

Employment Practices

Simply Business is committed to providing equality and opportunities for all employees and candidates considering a career with us. We offer a workplace where colleagues are treated with respect and dignity. We don’t (and won’t) discriminate either directly or indirectly on the grounds of race, colour, religion, belief, political opinion, disability, nationality, ethnic origin, sex, sexual orientation or relationship status at any stage of the hiring process or during the course of your employment.

The Candidate Home page will allow you to check the status of your application(s) and receive important updates and materials. To explore career opportunities and learn more about Simply Business, check out our US career page or our UK career page.

At Simply Business, we insure small businesses and enable big dreams. Not just for our customers, but for our people, our communities and our environment. We believe a world-class company culture is crucial to achieving our business goals as we make insurance more accessible to small business owners. We’re building a better way to buy small business insurance, and we’re using technology to get the job done. That includes developing cutting-edge data gathering and analysis capabilities; living and breathing testing and experimentation; and harnessing the many benefits of AI and other emerging technologies. We’re a values-led business. Our people all have a part to play in building a culture that lives these values: learning, empowerment, authenticity, pioneering, and simplicity.