At a Glance
- Tasks: Analyse data and make pricing recommendations to improve customer offerings.
- Company: Join Allianz UK, a leading insurance brand committed to innovation and diversity.
- Benefits: Enjoy flexible working, generous study packages, and discounts on insurance products.
- Why this job: Be part of a dynamic team focused on continuous learning and professional development.
- Qualifications: Experience with statistical modelling, Python, SQL, and large data sources is essential.
- Other info: Hybrid role based in London or Birmingham, with a supportive culture for neurodiversity.
The predicted salary is between 42000 - 58000 £ per year.
We have a new opportunity for a Senior Pricing Analyst to join our Broker Home Pricing team. This will be a hybrid position based out of our London or Birmingham offices.
As a Senior Pricing Analyst, you will play a significant role in decision making; carrying out statistical analysis and making recommendations to stakeholders to improve the pricing and products we offer to our customers and brokers. You'll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing-based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK. Our team values continuous learning, you can enjoy free access to top training platforms like DataCamp, Databricks Academy, and LinkedIn Learning. Additionally, we host Lunch and Learn sessions on key business topics hosted by experts across the team and monthly insight sessions, including the Data Science Forum and analyst forum, to refine your technical skills.
Salary Information
Pay: Circa £50,000 per year. Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.
About You
As the Senior Pricing Analyst, you will be responsible for:
- Assisting in reviewing the expected impact and implementation of risk model updates – continually looking to improve data and processes
- Working with different teams and stakeholders to achieve an understanding of their needs, data requirements and expected modelling outcomes
- Getting hands-on with data from its source right through to modelling rating changes and then implementation of changes in rating
- Analysing data, interpret output and communicate results to a non-technical audience
- Regularly review pricing and underwriting monitors, ensuring key points are escalated
- With your manager, define, set priority and report on status of project work and rate reviews / analysis to support product and pricing development
- Assisting with BAU including reporting.
Essential Skills
We don’t expect you to know everything from day one, but the following will enable you to hit the ground running:
- Knowledge of relevant statistical modelling methods – in particular GLMs
- Knowledge of relevant machine learning techniques – in particular GBMs
- Proven experience in working with large data sources
- Good command of Python, SQL, SAS or similar coding languages
- Experience of Pricing specific software such as WTW’s Radar
- Demonstrable understanding of the various elements of a Technical Price, including business expenses, other costs and actuarial/inflation assumptions
What We Will Offer You
Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:
- Flexible buy/sell holiday options
- Hybrid working
- Annual performance related bonus
- Contributory pension scheme
- Development days
- A discount up to 50% on a range of insurance products including car, home and pet
- Retail discounts
- Volunteering days
Our Ways of Working
Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.
Diversity & Inclusion
At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer. We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success. We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.
Accessible Application for All
As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role. Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.
For any inquiries or to submit your application, please contact: Matthew Mckevitt
We reserve the right to close the advert early if we reach enough applications. Closing date 28/05/25
Join us - Let’s Care for Tomorrow
Senior Pricing Analyst employer: Allianz UK
Contact Detail:
Allianz UK Recruiting Team
Hr-recruitment@allianz.co.uk
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst
✨Tip Number 1
Familiarise yourself with the specific statistical modelling methods mentioned in the job description, particularly Generalised Linear Models (GLMs) and Gradient Boosting Machines (GBMs). Being able to discuss these techniques confidently during your interview will demonstrate your expertise and readiness for the role.
✨Tip Number 2
Network with current or former employees of Allianz UK, especially those in pricing or analytical roles. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach during interviews.
✨Tip Number 3
Prepare to discuss your experience with large data sources and relevant coding languages like Python, SQL, or SAS. Be ready to share specific examples of how you've used these skills to solve problems or improve processes in previous roles.
✨Tip Number 4
Take advantage of the free training platforms offered by Allianz, such as DataCamp and LinkedIn Learning, to enhance your skills before the interview. Completing relevant courses can not only boost your confidence but also show your commitment to continuous learning.
We think you need these skills to ace Senior Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Senior Pricing Analyst role. Focus on your statistical modelling knowledge, coding skills, and any experience with pricing software.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for pricing analysis and your understanding of Allianz UK’s values. Mention specific projects or experiences that demonstrate your ability to improve pricing strategies.
Highlight Continuous Learning: Emphasise your commitment to continuous learning in your application. Mention any relevant courses or certifications you have completed, especially those related to statistical methods or data analysis.
Showcase Communication Skills: Since the role involves communicating complex data to non-technical stakeholders, provide examples in your application of how you've successfully conveyed technical information in an understandable way.
How to prepare for a job interview at Allianz UK
✨Brush Up on Statistical Modelling
Make sure you're familiar with statistical modelling methods, especially Generalised Linear Models (GLMs). Be prepared to discuss how you've applied these techniques in past roles and how they can be beneficial for the pricing strategies at Allianz.
✨Showcase Your Data Skills
Since the role involves working with large data sources, highlight your experience with Python, SQL, or SAS. Bring examples of how you've used these tools to analyse data and make informed decisions in previous positions.
✨Understand Pricing Software
Familiarise yourself with pricing-specific software like WTW’s Radar. If you have experience using similar tools, be ready to explain how you utilised them to improve pricing models or processes.
✨Communicate Clearly with Non-Technical Audiences
As a Senior Pricing Analyst, you'll need to convey complex data insights to stakeholders who may not have a technical background. Practice explaining your analysis in simple terms and think of examples where you've successfully done this before.