At a Glance
- Tasks: Develop innovative pricing strategies and analyse market trends for bespoke insurance agreements.
- Company: Leading UK retail insurer with a focus on collaboration and project diversity.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Join a supportive team and thrive under pressure while making impactful decisions.
- Why this job: Gain unique project exposure and enhance your commercial pricing skills in a dynamic environment.
- Qualifications: Degree in mathematics or related field; insurance pricing experience is a plus.
The predicted salary is between 45000 - 65000 £ per year.
North Co Recruitment are working with a leading UK retail insurer to appoint a Pricing Analyst into their Pricing team. This role offers something different: rather than pure BAU rate changes, you'll work on bespoke agreements, new deal structures and product testing initiatives that give you genuine project exposure and variety you won't find in most direct pricing environments.
What you'll do
- Develop rate proposals that optimise performance, analysing mix, demand and loss ratio trends.
- Support the development of new commercial agreements, pricing structures and product testing initiatives.
- Conduct competitor and market activity analysis to inform pricing strategies and partnership positioning.
- Ensure rate changes are approved, accurately implemented and deliver intended value across the portfolio.
- Ensure customer fairness is embedded in all pricing decisions, with strong focus on impact to existing customers.
- Build and maintain strong relationships with internal stakeholders and external partners.
- Manage data reconciliation and ensure thorough process documentation across pricing activity.
What we're looking for
- Degree in mathematics or related discipline (2:1 or higher).
- Experience in an insurance pricing role is preferred but not essential.
- Strong problem-solving, critical thinking and analytical skills.
- Knowledge of tools such as R, Python or similar, and statistical techniques is advantageous.
- Excellent communication skills, able to explain complex concepts to diverse audiences.
- Ability to build stakeholder relationships and gain buy-in across internal and external partners.
- Resilient, motivated and comfortable working under pressure and to tight deadlines.
- Eager to learn and thrive in collaborative team environments.
Hybrid working applies, with a mix of home and office-based collaboration. If you're currently in a BAU pricing role and looking for broader project exposure, partnership work and the opportunity to develop commercial pricing skills, we'd be keen to speak.
Salary: £45,000-£65,000, plus discretionary bonus
Location: Hybrid, Manchester based.
Please note, the client is unable to offer sponsorship for this opportunity.
For more information or to discuss other opportunities, reach out to Tom Parker, visit our website or follow our LinkedIn page.
Locations
Pricing Analyst - General Insurance - Special Projects in Cheshire, Warrington employer: North Co Recruitment
Join a leading UK retail insurer that values innovation and collaboration, offering a unique opportunity for a Pricing Analyst to engage in bespoke projects and develop new pricing structures. With a strong focus on employee growth, you will benefit from a supportive work culture that encourages learning and teamwork, all while enjoying the flexibility of hybrid working in vibrant Manchester. This role not only provides competitive remuneration but also the chance to make a meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Analyst - General Insurance - Special Projects in Cheshire, Warrington
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at companies you're interested in. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to pricing analysis. We recommend using the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your problem-solving skills.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've used data to drive decisions or improve processes in past roles. This will help you stand out as a candidate who can contribute to bespoke agreements and new deal structures.
✨Tip Number 4
Don't forget to follow up after interviews! A quick thank-you email can leave a lasting impression and show your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Pricing Analyst - General Insurance - Special Projects in Cheshire, Warrington
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Pricing Analyst role. Highlight any relevant projects or analytical skills that show you can handle bespoke agreements and product testing initiatives.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're excited about this role. Share specific examples of how your background in mathematics or insurance pricing can contribute to our team and the unique challenges we face.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, be sure to mention any experience you have with tools like R or Python. We want to see how you've used these skills to solve problems or optimise performance in past roles.
Be Yourself!:We value authenticity, so let your personality shine through in your application. Show us your enthusiasm for the role and how you thrive in collaborative environments. Don’t forget to apply through our website!
How to prepare for a job interview at North Co Recruitment
✨Know Your Numbers
As a Pricing Analyst, you'll be dealing with data and trends. Brush up on your analytical skills and be ready to discuss how you've used data to inform pricing strategies in the past. Prepare examples that showcase your ability to analyse mix, demand, and loss ratios.
✨Understand the Market
Familiarise yourself with current market trends and competitor pricing strategies. Being able to discuss recent developments in the insurance sector will show your enthusiasm and understanding of the industry, which is crucial for this role.
✨Build Relationships
This role requires strong stakeholder management skills. Think about how you’ve successfully built relationships in previous roles. Be prepared to share specific examples of how you’ve collaborated with internal teams or external partners to achieve common goals.
✨Communicate Clearly
You’ll need to explain complex concepts to diverse audiences. Practice articulating your thoughts clearly and concisely. Consider preparing a brief presentation on a pricing strategy you admire, as this could demonstrate your communication skills effectively during the interview.
