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; experience in insurance pricing 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 in Warrington 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 in Warrington
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to pricing analysis. Think about how you can showcase your analytical skills and problem-solving abilities with real-life examples.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications after a week or so. A quick email can show your enthusiasm and keep you on their radar.
✨Tip Number 4
Check out our website for the latest job openings. We’re always looking for talented individuals, and applying directly through us can give you a better chance of landing that dream role!
We think you need these skills to ace Pricing Analyst - General Insurance - Special Projects in Warrington
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Pricing Analyst role. Highlight any relevant projects or analytical skills, especially if you've worked with tools like R or Python.
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 aligns with the unique aspects of the position, like bespoke agreements and product testing initiatives.
Showcase Your Analytical Skills: In your application, emphasise your problem-solving and analytical abilities. We want to see how you approach data and trends, so include any relevant experiences that demonstrate these skills.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process.
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 activities in the insurance sector. Be prepared to discuss how these factors influence pricing decisions. Showing that you can think critically about market dynamics will impress your interviewers.
✨Communicate Clearly
You’ll need to explain complex concepts to various stakeholders. Practice articulating your thoughts clearly and concisely. Consider doing mock interviews where you explain pricing structures or product testing initiatives to someone unfamiliar with the field.
✨Build Relationships
Since the role involves collaboration with internal and external partners, think of ways you've successfully built relationships in previous roles. Be ready to share specific examples of how you’ve gained buy-in from stakeholders and worked effectively in a team.