At a Glance
- Tasks: Develop innovative pricing models for insurance and provide actionable insights.
- Company: Join the largest employee-owned business in the UK, John Lewis Financial Services.
- Benefits: Up to £45,000 salary, hybrid working, and a supportive work-life balance.
- Other info: Flexible working options and a culture that values diversity and collaboration.
- Why this job: Make a real impact on pricing strategies and shape the future of our financial services.
- Qualifications: Numerate degree or apprenticeship, 1 year in insurance pricing, and SQL expertise.
The predicted salary is between 40000 - 45000 € per year.
About the role
It is an exciting time to join our newly established pricing team within John Lewis Financial Services. Following the launch of our broker, you will have the unique opportunity to influence the direction of our modeling and reporting from the ground up.
As a Pricing Analyst, you will:
- Innovate: Develop and deliver price optimisation models for Motor or Home insurance.
- Integrate: Use your technical expertise to blend traditional insurance metrics with our proprietary retail data — a data set unique to the Partnership.
- Impact: Monitor performance via bespoke dashboards, providing actionable insights that directly influence our strategy.
Salary Expectations: Up to £45,000 depending on experience.
Working pattern/flexible working - The Partnership has adopted a hybrid working approach, meaning you'll be able to work a mixture between the office and home based upon your personal needs whilst balancing the needs of the business. The team meets in the office 1 day a week to connect.
Key responsibilities:
- Providing a range of pricing options for consideration to the Senior Pricing Manager with suggested recommendations, with a particular focus on generating insights and value from our proprietary retail data.
- Delivering robust behavioural, demand, and market premium models in Earnix, compliant with regulations, and delivering ongoing value for customers and the business.
- Maintaining and enhancing Earnix LTV models with robust assumptions to deliver reliable lifetime value insights for responsible pricing and customer value.
- Monitoring the effectiveness of implemented pricing strategies, track key performance indicators (KPIs), and prepare detailed reports and presentations for senior management and stakeholders.
- Supporting the specification of monitoring and controls that will ensure continued compliance with all relevant regulations.
- Ensure adherence to John Lewis policies and procedures, operating within all legal and regulatory guidelines.
Essential skills/experience you’ll need:
- Suitable numerate degree or apprenticeship i.e Mathematics, Statistics, Actuarial Science or similar.
- Minimum of 1 years' experience in motor or home insurance pricing.
- Expertise in SQL.
- Good knowledge of general insurance principles, products, and practices.
- Experience building predictive models for general insurance.
- Familiarity with relevant regulations, particularly GIPP and Consumer Duty.
- Proven business judgement, with the ability to solve complex issues using pragmatic solutions.
Desirable skills:
- Knowledge of retail pricing data and modelling techniques.
- Experience with modelling tools (e.g. Emblem, Earnix, R, Python).
Important points to note:
It’s important to note that some of our roles are subject to pre-employment vetting (which may include DBS checks for successful candidates). If required, you’ll be informed and provided with information about vetting during the recruitment process and we encourage you to complete any vetting documents quickly to avoid delays. Any DBS checks required will be carried out by a third-party registered body and financial probity checks may also be required for some of our roles. We occasionally close vacancies early in the event we receive a high volume of applications, and therefore, we recommend you apply early. If you require a reasonable adjustment due to a disability which means you may need longer to complete your application please contact us as soon as possible. We want all of our Partners to have a good work-life balance and we support flexible working. This might mean flexible or compressed hours, job sharing or shorter hour contracts, where possible. Please discuss this further with the hiring manager during your interview.
9am-5pm Monday to Friday
The partnership:
We’re the largest employee owned business in the UK and home of our cherished brands, John Lewis and Waitrose. We’re not just employees, we’re Partners, driven by our purpose to build a happier world. As we look to our future, there’s never been a more exciting time to join us. We’re ruthlessly focused on being brilliant at retail. We continue to innovate, adapt and diversify. Never Knowingly Undersold on price, quality and service in John Lewis and passionately serving food‑lovers in Waitrose. As Partners we all share the responsibility of ownership and in its rewards. We use our voices to contribute to our success, working together through the good and challenging times, holding true to our behaviours and treating everyone with kindness and respect. We all own making the Partnership somewhere we belong. Embracing our differences and creating an environment where we’re free to be ourselves and can THRIVE. Growing ourselves individually, and as a collective. As Partners, we make all the difference. And, we all own it.
Pricing Analyst in City of Westminster employer: John Lewis Partnership
At John Lewis Financial Services, we pride ourselves on being the largest employee-owned business in the UK, fostering a culture where every Partner is valued and empowered to contribute to our success. As a Pricing Analyst, you'll enjoy flexible working arrangements, opportunities for professional growth, and the chance to innovate within a supportive team environment that prioritises work-life balance and inclusivity. Join us in shaping the future of retail while making a meaningful impact in a company that truly cares about its people and their development.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Analyst in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at John Lewis. A friendly chat can give you insider info and maybe even a referral.
✨Tip Number 2
Prepare for your interview by brushing up on your SQL skills and understanding pricing models. Be ready to discuss how you can innovate and impact the team with your unique insights.
✨Tip Number 3
Show off your analytical side! Bring examples of past projects where you've used data to drive decisions. This will demonstrate your ability to blend traditional metrics with retail data.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Partnership.
We think you need these skills to ace Pricing Analyst in City of Westminster
Some tips for your application 🫡
Show Your Numbers:As a Pricing Analyst, your numerical skills are key! Make sure to highlight your experience with data analysis and any relevant projects you've worked on. We want to see how you can innovate and impact pricing strategies.
Tailor Your Application:Don’t just send a generic CV and cover letter. Tailor your application to reflect the specific skills and experiences mentioned in the job description. We love seeing candidates who take the time to connect their background with our needs!
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points for your achievements and make sure your passion for pricing and insurance shines through. We appreciate straightforward communication!
Apply Early!:We sometimes close vacancies early if we get a lot of applications, so don’t wait around! Apply through our website as soon as you can to ensure your chance at joining our exciting team.
How to prepare for a job interview at John Lewis Partnership
✨Know Your Numbers
As a Pricing Analyst, you'll be dealing with data all the time. Brush up on your SQL skills and be ready to discuss how you've used data to drive pricing decisions in the past. Prepare examples of models you've built or insights you've generated from data.
✨Understand the Market
Familiarise yourself with the current trends in motor and home insurance pricing. Be prepared to discuss how external factors can influence pricing strategies. Showing that you understand the market will demonstrate your ability to provide actionable insights.
✨Showcase Your Problem-Solving Skills
The role requires strong business judgement and the ability to solve complex issues. Think of specific challenges you've faced in previous roles and how you approached them. Be ready to explain your thought process and the outcomes of your solutions.
✨Engage with the Team Culture
John Lewis values collaboration and partnership. During your interview, express your enthusiasm for working in a team environment and how you can contribute to a positive culture. Mention any experiences where you've successfully worked with others to achieve a common goal.
