At a Glance
- Tasks: Support pricing analysis and model development for insurance products.
- Company: Pikl, a growing company revolutionising digital marketplaces.
- Benefits: Hybrid working, 28 days leave, wellness support, and training opportunities.
- Other info: Collaborative culture with excellent career growth and social events.
- Why this job: Join a mission-driven team and make a real impact in the insurance industry.
- Qualifications: 2+ years in insurance pricing, strong Excel skills, and data analysis experience.
The predicted salary is between 63000 - 77000 £ per year.
About Pikl
Pikl is on a mission to enable the growth of digital marketplaces, starting with vacation rentals.
We design and deliver insurance-enabled solutions that help platforms, property managers and owners unlock new revenue and deliver better customer experiences.
Founded in 2016, we began by protecting individual hosts and homeowners with specialist holiday-let cover.
That experience now powers our insurance-enabled products, which increase participation, lift conversion and drive revenue across the marketplace value chain: platforms, homeowners and guests.
With offices in Norwich and London, and plans for international expansion, we work with some of the most recognised brands in travel as well as major insurance aggregators.
About the Role
Supporting the Pricing and Underwriting team in the delivery of pricing activity across Pikl's insurance products and partnerships.
The role is responsible for pricing analysis, portfolio monitoring and supporting the development of pricing models to ensure sustainable and profitable growth.
Working collaboratively with Underwriting, Product, Claims and Partnership teams to understand performance drivers, identify opportunities and support pricing decision making.
Supporting the pricing of new schemes and products, ongoing portfolio management and the continued development of pricing capability across the business.
Key Responsibilities
- Support the development, maintenance and enhancement of pricing models across Pikl products.
- Conduct pricing and portfolio analysis to identify trends, opportunities and areas of concern.
- Monitor product and portfolio performance, including premium adequacy, loss ratios, rating performance and profitability.
- Support the pricing of new products, schemes and partnership opportunities.
- Produce pricing analyses, reports and recommendations to support business decision making.
- Work closely with Underwriting, Claims, Product and Partnerships teams to understand portfolio performance and drivers of risk.
- Support the ongoing monitoring and validation of pricing models and rating structures.
- Contribute to the assessment and integration of internal and external data sources.
- Undertake competitor and market analysis to support pricing recommendations.
- Support the development of pricing processes, tools and reporting capabilities.
- Ensure pricing activity complies with regulatory requirements and fair value principles.
- Be a source of pricing and pricing delivery support within the business.
About You
- 2+ years experience in insurance pricing.
- Ability to maintain, enhance and validate pricing models and provide judgement to stakeholders.
- Strong Excel skills.
- Experience of analysing large datasets and identifying trends and insights.
- Ability to interpret data and translate findings into practical recommendations.
- Good communication skills with the ability to explain technical concepts to non-technical audiences.
- Ability to manage competing priorities and work effectively within a fast-paced environment.
- Collaborative approach with the ability to build relationships across teams.
- Experience within General Insurance pricing.
- Experience of using SQL, R, Python or similar for data extraction and analysis
- Experience using pricing software such as Earnix, Radar or Hx is desirable.
- Understanding of insurance pricing concepts and portfolio performance metrics.
- Exposure to predictive modelling, GLM (Generalised Liner Models) or GBM (Gradient Boosting Models) is desirable
- Experience working within an MGA, delegated authority or capacity-backed environment is desirable.
Our Values
At Pikl, our values are the foundation on which our success is built.
They guide how we work together, how we make decisions for customers and colleagues, and what we recognise and reward.
Possibility
We think big and are fearless in turning challenges into opportunities. We stay curious, test ideas and learn quickly.
People
We put people first, building relationships rooted in empathy and trust. We respect, include, and learn from one another. We celebrate progress.
Progress
We unlock growth opportunities for our customers and each other yet make it our personal responsibility to own actions and see them through.
- Why work at Pikl
- Hybrid & Flexible working set up
- Access to an incredible working space in Norwich and London
- Annual leave entitlement of 28 days, plus bank holidays
- 35 hour working week
- Employee Assistant Program with 24/7 GP support and wellbeing services for you and your immediate family
- 10% discount with Sykes Cottages
- Training and development opportunities
- Social events
- Support from an awarding-winning CEO & Founder
- #J-18808-Ljbffr
Pricing Analyst in Norwich employer: Pikl
Pikl is an exceptional employer that prioritises employee growth and well-being, offering a hybrid and flexible working environment in vibrant locations like Norwich and London. With a commitment to professional development, generous annual leave, and a supportive culture led by an award-winning CEO, Pikl fosters a collaborative atmosphere where innovative ideas thrive and employees are empowered to make meaningful contributions to the digital marketplace landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Analyst in Norwich
✨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 Pikl). 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 Pikl. 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 Pricing Analyst in Norwich
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 Pikl.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Pikl. 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 Pikl
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Pikl 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 Pikl, 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 Pikl'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.
