At a Glance
- Tasks: Lead risk modelling to enhance pricing accuracy and influence key business decisions.
- Company: Join Aviva, a forward-thinking company committed to innovation and inclusivity.
- Benefits: Enjoy competitive salary, generous holidays, and flexible working options.
- Other info: Collaborative environment with a focus on continuous improvement and career growth.
- Why this job: Shape how we understand risk and make a real impact on commercial outcomes.
- Qualifications: Experience in General Insurance pricing and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
London, Norwich or Leeds - and we’re happy to consider flexible / hybrid working depending on your location.
Pricing performance is only as strong as the models behind it. At Aviva, we’re investing in modelling capability, data and tools to improve how we understand and price risk at scale. This is a technically focused role where you’ll take ownership of using risk modelling techniques to identify and respond to AvE gaps, developing tools and proposals that directly influence pricing decisions across the business. You’ll be joining a team that sits at the heart of pricing performance, where modelling isn’t just technical, it’s central to how we make commercial decisions and respond to change with speed and confidence.
A bit about the job:
Our Risk Segment Modelling team sits at the core of Motor Retail Pricing, building the models and insight that underpin how we respond to changes in risk with agility and speed.
What you’ll be doing:
- Leading the development and enhancement of risk predictions to improve pricing accuracy and segmentation.
- Using tools such as Emblem, Radar and others to deliver robust, scalable modelling solutions.
- Translating model outputs into clear insight to inform pricing decisions.
- Working with stakeholders across Pricing, Data and the wider business to ensure models are effectively applied.
- Improving modelling approaches, data usage and ways of working.
- Supporting and mentoring others within the team.
Skills and experience we’re looking for:
- Strong experience in General Insurance pricing, with a focus on risk modelling.
- Experience developing multivariate models (e.g. GLMs), using tools such as Emblem, Radar or similar.
- Strong analytical capability, with experience using SQL, Python or similar.
- Ability to translate technical output into clear, commercially relevant insight.
- Strong stakeholder management skills, with the ability to influence decision‑making.
- A proactive, detail‑focused approach with a strong interest in modelling and continuous improvement.
Why join Aviva?
This is a role where your work will directly shape how we understand and price risk — with clear visibility of the impact your models have on commercial outcomes. You’ll be part of a team that:
- takes pride in producing high‑quality, robust analysis, with a strong focus on accuracy and detail
- has a culture of curiosity and continuous improvement, where questioning and innovation are encouraged
- works collaboratively across Pricing, Data Science and the wider business to solve complex problems together
- is committed to developing its people, with regular, meaningful focus on performance and career growth
What you’ll get for this role:
Our purpose – with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.
- Competitive salary (depending on location, skills, experience, and qualifications)
- Bonus opportunity – 8% of annual salary (actual amount depends on your performance and Aviva’s).
- Generous pension scheme e.g. if you put in 8%, Aviva adds 14%
- 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
- Aviva‑funded Private Medical Benefit to help you get expert support when you need it
- Make your money go further – Up to 40% discount on Aviva products, and other retailer discounts
- Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
- Flexible benefits to suit you, including sustainability options such as cycle to work
Aviva is for everyone: We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences.
Pricing Manager – Risk Modelling employer: Aviva
Aviva is an exceptional employer that prioritises employee growth and development, particularly in the Pricing Manager – Risk Modelling role. With a strong focus on collaboration, innovation, and continuous improvement, you will be part of a dynamic team that values your contributions and offers flexible working arrangements across London, Norwich, or Leeds. Aviva's commitment to investing in its people is evident through competitive salaries, generous benefits, and a culture that encourages curiosity and professional advancement.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Manager – Risk Modelling
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Aviva. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Pricing Manager – Risk Modelling
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Aviva.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Aviva's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Aviva
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Aviva.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Aviva will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Aviva employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
