At a Glance
- Tasks: Drive pricing strategies and optimise portfolio performance in a collaborative team.
- Company: Join a successful and growing insurance organisation with a dynamic culture.
- Benefits: Competitive salary, hybrid working, generous leave, and career development opportunities.
- Other info: Opportunity for long-term progression and mentorship within a visible team.
- Why this job: Make a real impact on strategic decisions and influence the future of pricing.
- Qualifications: Experience in insurance pricing, strong analytical skills, and proficiency in SQL and Python.
The predicted salary is between 54000 - 66000 £ per year.
Tyne and Wear / Hybrid Working
Reed Financial Services are delighted to be partnering with a highly successful and growing insurance organisation as they look to appoint a Senior Pricing & Optimisation Analyst into their specialist Pricing function.
This is a fantastic opportunity for an experienced pricing professional to join a collaborative team where you'll have genuine influence over pricing strategy, portfolio performance and commercial decision-making.
Unlike many pricing positions that focus on a narrow technical area, this role offers broad exposure across pricing, optimisation, risk modelling, market analysis and strategic projects, allowing you to make a visible impact across the business.
The Role
Working closely with senior stakeholders, you will play a key role in developing, enhancing and challenging pricing strategies to drive profitable growth and improve business performance.
You'll be encouraged to bring new ideas, improve existing processes and contribute to the future direction of the pricing function.
Key responsibilities include
- Developing and enhancing pricing and optimisation strategies.
- Monitoring portfolio performance and identifying trends and opportunities.
- Conducting detailed pricing, risk and market analysis.
- Making data-driven recommendations to senior stakeholders.
- Reviewing and improving existing pricing methodologies and processes.
- Supporting governance and oversight of pricing models and rating structures.
- Undertaking competitor analysis and market benchmarking.
- Collaborating with underwriting, product and wider business teams.
- Mentoring and supporting more junior team members where appropriate.
- Contributing to long-term strategic initiatives within the pricing function.
About You
We're keen to speak with experienced pricing professionals who can bring both strong technical capability and fresh thinking to the team.
You'll ideally have
- Insurance pricing experience, within personal lines motor insurance.
- Strong analytical and problem-solving skills.
- Experience using SQL and Python.
- Knowledge of pricing models, risk analysis and portfolio management.
- Strong stakeholder management and communication skills.
- A commercial mindset with the confidence to challenge the status quo.
- Experience with pricing platforms such as Radar, Emblem, Optimiser or similar tools.
- A degree in a numerical, mathematical, scientific or related discipline.
Applicants with broader personal lines pricing experience will also be considered, and actuarial qualifications are welcomed but not essential.
Practical experience and commercial impact are viewed as equally important.
Why Apply?
This position offers more than just a senior analyst role.
You'll be joining a highly visible team with direct access to senior leadership and the opportunity to influence strategic decisions.
There is also genuine scope for longer-term progression as the pricing function continues to evolve and grow.
Package & Benefits
- Annual discretionary bonus
- Hybrid working arrangement
- Generous annual leave allowance
- Life assurance
- Healthcare and wellbeing benefits
- Career development opportunities
- Flexible and supportive working environment
Senior Pricing Analyst employer: Jobiqo
Bromley Council is an exceptional employer, dedicated to fostering a supportive and inclusive work environment where employees can thrive. With a strong commitment to professional development, flexible working arrangements, and a generous benefits package, including a local government pension scheme and unique discounts, the Council prioritises employee well-being and career growth. Located in the vibrant Bromley Civic Centre, you will be part of a team that plays a crucial role in shaping the future of the borough while enjoying the balance of urban and suburban life.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing 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 Jobiqo). 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 Jobiqo. 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 Senior Pricing Analyst
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 Jobiqo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Jobiqo. 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 Jobiqo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Jobiqo 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 Jobiqo, 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 Jobiqo'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.
