Principal Pricing Analyst

Principal Pricing Analyst

Full-Time 43200 - 72000 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Analyse pricing data and develop innovative rating proposals for our motor portfolio.
  • Company: Join Allianz UK, a leading insurance brand with a focus on growth and innovation.
  • Benefits: Enjoy flexible working, competitive salary, and access to global training resources.
  • Other info: Embrace a culture of inclusion and flexibility, with opportunities for career development.
  • Why this job: Make an impact in a dynamic team while enhancing your skills in a supportive environment.
  • Qualifications: Experience with data analysis tools like Python, SQL, and knowledge of pricing strategies.

The predicted salary is between 43200 - 72000 £ per year.

We have a new opportunity for a Principal Pricing Analyst to join our Standard Motor Risk Selection team in London on a hybrid basis. This role has been created to support the growth ambitions for our broker motor portfolio, standard car and van. You will use your insurance market knowledge and pricing expertise to develop and implement rating proposals that enable us to deliver on our business objectives. We work closely with the wider Broker business to manage our Trading performance and with our Technical Excellence Pricing colleagues, so building and maintaining strong relationships is key to us achieving our goals.

At Allianz UK, your growth is our priority. From global training through the P&C Academy to actuarial study support, we equip you with the tools to thrive. You will unlock premium access to platforms like DataCamp, Databricks Academy, and LinkedIn Learning, plus gain insider knowledge through expert-led insight sessions that sharpen both your technical edge and commercial impact.

Salary Information

Pay: Circa £60,000 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

Your role will vary day to day, but here is a bit of what you can expect:

  • Carrying out and supporting the team to deliver pricing analysis.
  • Coordinating the delivery of technical projects to improve underwriting performance against common technical modelling standards and adherence to data controls.
  • Defining, setting priority and reporting on status of project work and rate reviews/analysis to support product and pricing development.
  • Supporting manager in Pricing meetings through presenting and contributing to outcomes.
  • Assisting in coaching and developing other colleagues within the team to ensure constant up-skilling.

Essential Skills

We don’t expect you to know everything from day one, but the following will enable you to hit the ground running:

  • Proven experience in working with large data sources and a good command of Python, SQL, SAS, Databricks or similar coding languages.
  • Experience of Willis Towers Watson Radar software.
  • Good understanding of the various elements of the price we set, and how we can optimise this to deliver business targets.
  • Good stakeholder management skills, including communication, expectation management and the ability to convey technical concepts to a non-technical audience.
  • Knowledge of relevant statistical modelling methods and machine learning techniques.

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 ABI’s 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.

Integrity, Fairness, Inclusion & Trust

At Allianz, we believe in fostering an inclusive workforce and are proud to be an equal opportunity employer. Our commitment to equal opportunities, gender equity, and balanced gender representation, is 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: Charlotte Whalley

If you are an at-risk candidate facing potential redeployment, please include this information in your CV.

Closing date 26/01/26. We reserve the right to close the advert early if we reach enough applications.

Principal Pricing Analyst employer: Allianz Insurance

At Allianz UK, we pride ourselves on being an exceptional employer, offering a dynamic work culture that prioritises employee growth and innovation. As a Principal Pricing Analyst in London, you'll benefit from flexible working options, comprehensive training programmes, and a supportive environment that champions diversity and inclusion. With access to global career opportunities and a range of flexible benefits tailored to your needs, you'll find a rewarding and fulfilling career path with us.

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Contact Details:

Allianz Insurance Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Principal Pricing Analyst

Tip Number 1

Network like a pro! Reach out to people in the industry, especially those at Allianz. A friendly chat can open doors that applications alone can't.

Tip Number 2

Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss Python, SQL, and any relevant pricing software. Show them you mean business!

Tip Number 3

Don’t just focus on your experience; highlight your ability to build relationships. Share examples of how you've successfully managed stakeholders or communicated complex ideas to non-technical folks.

Tip Number 4

Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in being part of the Allianz team.

We think you need these skills to ace Principal Pricing Analyst

Insurance Market Knowledge
Pricing Expertise
Data Analysis
Python
SQL
SAS
Databricks

Some tips for your application 🫡

Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your expertise in pricing analysis and any relevant coding languages like Python or SQL. We want to see how you can contribute to our team!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our goals at Allianz. Don’t forget to mention your stakeholder management skills and any experience with data sources.

Showcase Your Technical Skills:Since this role involves technical projects, be sure to highlight your experience with tools like Willis Towers Watson Radar software and any statistical modelling methods you know. We love seeing candidates who can bring their technical edge to the table!

Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!

How to prepare for a job interview at Allianz Insurance

Know Your Numbers

As a Principal Pricing Analyst, you'll be dealing with large data sources. Brush up on your Python, SQL, and any relevant statistical modelling methods before the interview. Be ready to discuss how you've used these skills in past roles to drive pricing strategies.

Showcase Your Stakeholder Skills

Strong stakeholder management is key for this role. Prepare examples of how you've effectively communicated complex technical concepts to non-technical audiences. This will demonstrate your ability to build relationships and manage expectations.

Understand the Market

Familiarise yourself with the current trends in the insurance market, especially regarding motor pricing. Being able to discuss recent developments or challenges in the industry will show your passion and knowledge, making you stand out.

Prepare for Technical Questions

Expect questions about your experience with tools like Willis Towers Watson Radar software. Be prepared to explain how you've used such tools to optimise pricing and improve underwriting performance. This will highlight your technical expertise and readiness for the role.