At a Glance
- Tasks: As a Senior Pricing Analyst, you'll analyse pricing strategies and enhance models to boost performance.
- Company: Join esure Group, a leader in transforming the insurance industry with over 2 million satisfied customers.
- Benefits: Enjoy competitive salary, flexible working, 25 days leave, and a range of health and lifestyle perks.
- Why this job: Be part of a digital revolution in insurance, making a real impact on customer experiences and business success.
- Qualifications: Experience in pricing analysis and knowledge of UK Motor & Home Insurance markets is essential.
- Other info: Embrace a hybrid work model and contribute to community initiatives with dedicated volunteering days.
The predicted salary is between 28800 - 48000 £ per year.
Job Tenure: Full-time, permanent
Salary: Competitive
Company Description
Ready to join a team that’s leading the way in reshaping the future of insurance? Here at esure Group, we are on a mission to revolutionise insurance for good! We’ve been providing Home and Motor Insurance since 2000, with over 2 million customers trusting us to keep them covered through our esure and Sheilas’ Wheels brands. With a bold commitment for digital innovation, we’re transforming the way the industry operates and putting customers at the heart of everything we do. Having completed our recent multi-year digital transformation, we’re now leveraging advanced technology and data-driven insights alongside exceptional service, to deliver personalised experiences that meet our customers' ever-changing needs today and in the future.
As a Senior Pricing Analyst, you will recommend and deliver changes to prices and underwriting criteria to help achieve volume and profit targets across all products, channels and brands. You’ll be familiar with the main aspects of Pricing e.g. risk pricing, retail pricing and expenses, including how these are modelled/derived.
- Leads on building and updating risk/retail models using Radar, Emblem and alternative modelling/Data Science techniques.
- Leads on analysis to monitor key aspects of business performance, such as conversion, retention, loss ratios, and rate analysis as directed by the Pricing Manager, flagging any issues.
- Can understand and interrogate relevant data assets as well as some external data sources.
- Proven track record in analysis and detailed knowledge of the UK Motor & Home Insurance markets.
- Experience of applying multivariate statistical and/or Data Science techniques (e.g. Computer literate with a knowledge of statistical software such as SAS or Python would be an advantage, as well as insurance pricing software).
Competitive salary that reflects your skills, experience and potential.
- Discretionary bonus scheme that recognises your hard work and contributions to esure’s success.
- 25 days annual leave, plus 8 flexible days and the ability to buy and sell further holiday.
- Our flexible benefits platform is loaded with perks to choose from, so you can build a personal toolkit to support your health, wellbeing, lifestyle, and finances.
- Company funded private medical insurance for qualifying colleagues.
- Fantastic discounts on our insurance products!
- We’ll elevate your career with hands-on training, mentoring, access to our exclusive academies, regular career conversations, and expert partner resources.
- Our colleagues can use 2 volunteering days per year to support their local communities.
- Join our internal networks and communities to connect, learn, and share ideas with likeminded colleagues.
- We’re a proud supporter of the ABI’s ‘Make Flexible Work’ campaign and welcome you to ask about the flexibility you need.
- Our hybrid working approach also puts you in the driving seat of how and where you do your best work.
We believe that diverse perspectives drive innovation, in turn enabling us to better serve our customers, community and build a stronger organisation. Our commitment to inclusion extends to every part of our business, from hiring practices to professional growth opportunities, ensuring equal access and support for all.
Pricing Analyst & Senior Pricing Analyst (Insurance employer: esure Group
Contact Detail:
esure Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst & Senior Pricing Analyst (Insurance
✨Tip Number 1
Familiarise yourself with the latest trends in the UK Motor and Home Insurance markets. Understanding current market dynamics will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your skills with statistical software like SAS or Python, as well as insurance pricing software. Being able to discuss your experience with these tools can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data analysis to drive business performance. Highlighting your analytical skills and results can show that you're ready to contribute to esure's goals.
✨Tip Number 4
Network with professionals in the insurance industry, especially those who work in pricing roles. Engaging with others can provide insights into the company culture at esure and may even lead to referrals.
We think you need these skills to ace Pricing Analyst & Senior Pricing Analyst (Insurance
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Pricing Analyst. Familiarise yourself with key concepts like risk pricing and retail pricing, as well as the tools mentioned in the job description, such as Radar and Emblem.
Tailor Your CV: Customise your CV to highlight relevant experience in pricing analysis, particularly within the UK Motor & Home Insurance markets. Include specific examples of how you've used statistical techniques or software like SAS or Python in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that not only showcases your skills but also reflects your enthusiasm for esure Group's mission to revolutionise insurance. Mention how your background aligns with their commitment to digital innovation and customer-centric service.
Highlight Your Analytical Skills: In your application, emphasise your analytical abilities and experience with data-driven insights. Provide examples of how you've monitored business performance metrics and made recommendations based on your findings.
How to prepare for a job interview at esure Group
✨Understand the Insurance Landscape
Familiarise yourself with the UK Motor and Home Insurance markets. Be prepared to discuss recent trends, challenges, and innovations in the industry, as this will demonstrate your knowledge and passion for the field.
✨Showcase Your Analytical Skills
Be ready to provide examples of how you've used data analysis in previous roles. Highlight your experience with statistical software like SAS or Python, and discuss any relevant projects where you applied multivariate statistical techniques.
✨Prepare for Technical Questions
Expect questions related to pricing models and risk assessment. Brush up on your understanding of risk pricing, retail pricing, and how these are modelled. Being able to explain your thought process will impress the interviewers.
✨Demonstrate a Customer-Centric Approach
Since esure Group puts customers at the heart of their operations, be prepared to discuss how your work as a Pricing Analyst can enhance customer experiences. Share examples of how you've previously contributed to improving customer satisfaction through pricing strategies.