Principal Pricing Optimisation Analyst

Principal Pricing Optimisation Analyst

Full-Time 60750 - 74250 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead innovative pricing projects using machine learning and collaborate with experts.
  • Company: Join Allianz UK, a leader in insurance with a focus on innovation.
  • Benefits: Enjoy flexible working, competitive salary, and extensive training opportunities.
  • Other info: Inclusive workplace with support for diverse candidates and excellent career growth.
  • Why this job: Shape the future of pricing while making a real impact in the insurance industry.
  • Qualifications: Experience in insurance pricing and proficiency in programming languages like Python.

The predicted salary is between 60750 - 74250 £ per year.

Ready to shape the future of pricing? We have an exciting opportunity for a Principal Pricing Analyst to join our Motor Pricing Optimisation and R&D Team. This is a hybrid role based in our London office.

As a Principal Pricing Analyst, you will use machine learning techniques and insurance market knowledge to develop and implement price optimisation across our leading retail motor brands: LV, Allianz Online, and Britannia Car. You’ll plan and lead projects that bring together technical experts, and communicate the results to stakeholders across the business. As a trusted subject matter expert in your chosen field, you will act as a consultant to teams across Pricing, and provide training and mentoring to upskill colleagues.

Be part of a team that’s driving innovation! At Allianz UK, your growth is our priority. From global training through the Allianz P&C Academy, to premium access to platforms like DataCamp, Databricks Academy, and LinkedIn Learning, we equip you with the tools and resources to thrive. You’ll gain expert knowledge through insight sessions that sharpen both your technical edge and commercial impact. By working in the Optimisation team, you’ll be bringing together all the elements of the price, collaborating with experts in teams across pricing, contributing to Allianz’s pricing strategy, and opening doors for future career opportunities both in Allianz UK and globally.

Salary Information

Pay: Circa £64,000 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 a Principal Pricing Analyst, you’ll have experience working in insurance and data science, and you’ll be looking to take the next step in your career to use your experience to take charge of major projects and to influence Allianz’s strategy for Motor pricing. You understand that machine learning is a fast-developing field, and you relish the opportunity to proactively improve your knowledge and keep abreast of the latest innovations. You’ll use that expertise to advise other teams and apply it to the full model building workflow – from data extraction to model deployment.

You’ll have excellent communication and stakeholder management skills that you’ll utilise to explain complex results to non-technical audiences, and to coordinate project teams of technical experts. You’ll also be keen to share your in-depth knowledge to inform and inspire others through training and mentoring.

Essential Skills

  • Experience in an insurance pricing role creating and using predictive models in a programming language such as WTW Emblem, WTW Radar, or Python.
  • Proficiency in data pipeline and analysis tools, e.g. Databricks, SQL, PySpark, or equivalent.
  • Capability to review and sign-off other team members’ data pipelines, models and analyses, to build and maintain high-quality, reliable, sustainable pricing processes.
  • Knowledge of price optimisation and the UK regulatory environment.
  • Extensive understanding of modelling techniques, including GLMs and GBMs, plus a desire to push the boundaries of the applications of machine learning to insurance pricing.
  • Proven ability in Willis Towers Watson’s software Radar, using the latest functionality and championing best practice.
  • Proficiency in Excel and MS Office applications.
  • Ability to build and maintain relationships throughout both the Pricing Department and the wider business.
  • Experience of planning and managing projects from inception to completion within business timelines.
  • A passion for sharing technical knowledge in an informative and engaging way to upskill the Pricing team and build Allianz’s reputation as an industry leader in price optimisation.
  • Comprehensive understanding of the factors that affect an insurance price and the elements of a customer lifetime value.

Desirable Skills

  • Comprehensive experience of price optimisation in personal lines insurance.
  • The ability to slot into the Pricing team as a subject matter expert in your area of expertise.
  • Experience of responsible Artificial Intelligence usage for pricing and personal productivity tasks (e.g. coding) and willingness to explore the boundaries of its capability.
  • Knowledge of Agile project management tools and processes, e.g. Jira.

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.

Inclusive Support & Accessibility

At Allianz, we are committed to fostering building an inclusive, accessible workplace where everyone can thrive. As a Disability Confident employer, we welcome applications from disabled and neurodivergent candidates and offer tailored adjustments throughout the recruitment process and in the workplace, whether that’s assistive technology, ergonomic equipment, flexible working arrangements, mentoring or coaching. We want to encourage candidates to speak with us about any adjustments they may need. We’re here to support you.

If you have a disability or long‑term health condition and meet the essential criteria, you can choose to be considered through our Offer an Interview Scheme. Contact our Resourcing team to opt into this scheme or for any assistance with during the recruitment process including larger text, hard copies, or spoken applications.

For any inquiries or to submit your application, please contact: Matthew Mckevitt

Closing date 25/09/26. We reserve the right to close the advert early if we reach enough applications.

Principal Pricing Optimisation Analyst employer: Allianz

Allianz Commercial is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee growth and development. With a strong focus on career advancement through tailored training programmes and flexible working options, employees can thrive in their roles while enjoying a comprehensive benefits package. The home-based nature of the Senior Risk Control Surveyor position, combined with opportunities for travel across the UK, allows for a unique work-life balance and the chance to engage directly with clients in diverse environments.

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Contact Details:

Allianz Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Principal Pricing Optimisation Analyst

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Allianz). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Allianz. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Principal Pricing Optimisation Analyst

Machine Learning Techniques
Insurance Market Knowledge
Price Optimisation
Predictive Modelling
Programming (WTW Emblem, WTW Radar, Python)
Data Pipeline and Analysis Tools (Databricks, SQL, PySpark)
Stakeholder Management

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Allianz.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Allianz. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Allianz

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Allianz to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Allianz, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Allianz's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.