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For Companies At a Glance
- Tasks: Analyze and implement pricing strategies for aggregator channels in travel insurance.
- Company: Join a data-driven team transforming the travel insurance industry.
- Benefits: Enjoy hybrid working options and a supportive company culture.
- Why this job: Contribute to innovative projects and develop new products in a dynamic environment.
- Qualifications: Degree in a quantitative field with 2+ years of pricing or data analysis experience.
- Other info: Flexible hours with occasional weekend work; time off in lieu provided.
The predicted salary is between 36000 - 60000 £ per year.
Job Overview
As an Aggregator Pricing Analyst, you will be responsible for analysing, developing and implementing pricing strategies tailored to aggregator channels (e.g. Money Supermarket, Compare the Market, GoCompare etc). You will work closely with the Pricing, Underwriting and Commercial teams to ensure our products are competitively priced while maintaining profitability and aligning with business objectives. This is an exciting opportunity to contribute to the growth of our travel insurance business and drive innovation in our pricing practices.
Main Duties
- Collaborate with Product, Underwriting, Finance and Marketing to design and price new travel insurance products tailored to different customer segments
- Conduct market research and competitor analysis to identify gaps and opportunities for new product development
- Develop and validate both retail and technical pricing models for new products, ensuring they meet both customer needs and profitability targets
- Implement new pricing structures in the rating engine and ensure they are accurately reflected on aggregator platforms
- Analyse data from aggregator platforms to understand pricing dynamics, market trends, and customer behaviour
- Develop and implement competitive pricing strategies to maximise quote volume and conversion rates on aggregator sites
- Monitor daily pricing performance across multiple aggregator channels, making quick adjustments as needed to optimize competitiveness
- Perform detailed analysis of sales data and customer demographics to identify trends and opportunities for improvement
- Use statistical and machine learning techniques to refine pricing models and ensure alignment with market conditions
- Collaborate with the pricing team to enhance demand models and improve price sensitivity analysis
- Track KPIs such as conversion rates, loss ratios, GWP and income across aggregator channels and brands
- Prepare regular reports and presentations for senior management, highlighting performance trends and recommending pricing adjustments to achieve goals
- Work closely with the Commercial team to align pricing strategies with sales targets and partner requirements
- Liaise with the Product and Underwriting teams to ensure that pricing changes are consistent with product coverage and regulatory requirements
- Partner with Marketing to test and implement promotional pricing strategies on aggregator platforms
- Stay up-to-date with industry trends, competitor activities, and developments in travel insurance pricing
- Identify opportunities for process improvements and automation in the pricing workflow, leveraging tools like Earnix or Akur8
- Participate in cross-functional projects aimed at enhancing pricing capabilities and increasing market share
This list of duties is neither exclusive nor exhaustive and may be amended by Senior Management from time to time, nor is it in any order of importance.
Knowledge & Skills Required
- Degree in Mathematics, Statistics, Economics, Actuarial Science, or a related quantitative field
- 2+ years of experience in a pricing or data analysis role, preferably within the insurance industry
- Experience working with aggregator platforms (e.g. Compare the Market) is highly desirable
- Proven experience in developing and pricing new insurance products is desirable
- Proficient in data analysis tools such as SAS, SQL, Python, R etc…
- Proficient in pricing software (e.g. Earnix, Akur8, Emblem, Radar etc…) and rating engines is a strong advantage
- Understanding of statistical modelling techniques
- Strong analytical mindset with the ability to interpret complex data and make data-driven decisions
- Excellent attention to detail and the ability to identify trends and anomalies in large datasets
- Strong written and verbal communication skills, with the ability to present complex information clearly to both technical and non-technical stakeholders
- Proven ability to work collaboratively in cross-functional teams and build and sustain strong working relationships with a variety of stakeholders
Hours
37.5 hours per week, Monday to Friday inclusive. However, a flexible approach between the core working hours of 8:00am – 8:00pm is essential. Infrequent weekend and evening working will be required, as requested by Senior Management, for which time off in lieu will be given.
Why Join Us?
Be part of an innovative, data-driven team that’s transforming the travel insurance industry. Opportunity to work on cutting-edge pricing projects and play a significant role in developing new products. Hybrid working options and a supportive company culture.
Aggregator Pricing Analyst employer: AllClear - Voted UK's No.1 for Customer Care
Contact Detail:
AllClear - Voted UK's No.1 for Customer Care Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Aggregator Pricing Analyst
✨Tip Number 1
Familiarize yourself with aggregator platforms like Money Supermarket and Compare the Market. Understanding how these platforms operate and what they prioritize can give you a significant edge in your role as an Aggregator Pricing Analyst.
✨Tip Number 2
Brush up on your data analysis skills, especially in tools like SAS, SQL, Python, or R. Being proficient in these will not only help you analyze pricing dynamics but also demonstrate your capability to handle complex datasets effectively.
✨Tip Number 3
Stay updated on industry trends and competitor activities in the travel insurance sector. This knowledge will empower you to develop competitive pricing strategies that align with market conditions and customer needs.
✨Tip Number 4
Network with professionals in the insurance and pricing fields. Building relationships with others in the industry can provide insights into best practices and potential job opportunities, making you a more attractive candidate.
We think you need these skills to ace Aggregator Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing analysis and data interpretation. Emphasize any work you've done with aggregator platforms and your proficiency in data analysis tools like SAS, SQL, or Python.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background in mathematics or statistics aligns with the responsibilities of an Aggregator Pricing Analyst and mention specific projects that demonstrate your skills.
Showcase Analytical Skills: Provide examples of how you've used statistical modeling techniques in previous roles. Highlight any experience you have with developing pricing strategies or working collaboratively in cross-functional teams.
Prepare for Potential Questions: Think about how you would approach market research and competitor analysis for travel insurance products. Be ready to discuss your analytical mindset and how you interpret complex data to make informed decisions.
How to prepare for a job interview at AllClear - Voted UK's No.1 for Customer Care
✨Showcase Your Analytical Skills
As an Aggregator Pricing Analyst, your ability to analyze complex data is crucial. Be prepared to discuss specific examples of how you've used data analysis tools like SAS, SQL, or Python in previous roles to drive pricing strategies or product development.
✨Understand the Market Landscape
Familiarize yourself with aggregator platforms such as Money Supermarket and Compare the Market. During the interview, demonstrate your knowledge of current market trends and competitor activities, and be ready to discuss how these insights can inform pricing strategies.
✨Highlight Collaboration Experience
This role requires working closely with various teams. Share examples of how you've successfully collaborated with Product, Underwriting, or Marketing teams in the past. Emphasize your ability to build strong relationships and communicate effectively across different functions.
✨Prepare for Technical Questions
Expect questions related to statistical modeling techniques and pricing software. Brush up on your knowledge of tools like Earnix or Akur8, and be ready to explain how you've applied these in real-world scenarios to enhance pricing models or improve competitiveness.
