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- Tasks: Develop innovative pricing strategies and work on exciting projects that shape the insurance landscape.
- Company: Leading UK retail insurer known for its dynamic and collaborative culture.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Join a resilient team and thrive under pressure while building valuable stakeholder relationships.
- Why this job: Gain unique project exposure and enhance your commercial pricing skills in a supportive 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.
Pricing Analyst - General Insurance - Special Projects employer: North Co Recruitment
Contact Detail:
North Co Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst - General Insurance - Special Projects
✨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 demonstrate your ability to handle the bespoke agreements and product testing initiatives mentioned in the job description.
✨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
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 work you've done, especially if it involves pricing strategies or data analysis.
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 projects we handle.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, be sure to mention any experience you have with tools like R or Python. If you've worked on data reconciliation or market analysis, let us know!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
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 and be prepared to share those experiences. Highlight your communication skills and how you can explain complex concepts to different audiences.
✨Show Your Problem-Solving Skills
Prepare to discuss specific challenges you've faced in previous roles and how you approached solving them. This could involve anything from developing new pricing structures to managing data reconciliation. Demonstrating your critical thinking and resilience will set you apart.