Senior Market Pricing Analyst

Job Details: Senior Market Pricing Analyst

Vacancy Name: Senior Market Pricing Analyst

Vacancy No: VN449

Employment Type: Full-Time

Location: Hybrid – Paddington

About Us

Pinnacle Pet UK is a Top 5 UK Pet insurer with a clear ambition to be the leading Pet healthcare and insurance services partner in the UK.
We are part of the Pinnacle Pet Group (PPG) – a pan European fully integrated pet insurance and health services platform which was set up as a joint venture between JAB Holding Company and BNP Paribas Cardif. PPG’s ambition is to create the leading pet insurance and health services platform globally.
Over the last two years, through the success of our partnership strategy, which includes Sainsbury’s Bank, PDSA and Post Office, we’ve doubled the size of our business. We have ambitious growth plans through UK and European partnerships, and own brand and a clear vision for the development of our customer and partner proposition.
Not only do we have big ambitions for innovation, customer experience and growth, we also pride ourselves on being a great place to work. We know not everyone works best confined to the four walls of the office, which is why we embrace hybrid working. Our teams come together to collaborate in the office when needed, but we also have the space and the freedom to work from home. We believe people should have the best of both worlds to foster creativity, social connections, shared learning autonomy and productivity. It helps support a good work-life balance, and it’s the way we want to be.
We are an equal opportunities employer, committed to eliminating discrimination in the workplace and to promoting equal opportunities for all staff.
We are proud of our diversity, which is one of our core strengths. We want all of our people to thrive in an environment where bringing a different perspective is welcomed. We reflect the broad diversity of the customers we serve and we embrace an inclusive working environment.
If you want to work as part of a team, building and delivering something exceptional which will make a difference to pet owners and their pets and if you want to have fun in the process, we would love to hear from you.

We are looking for people who are passionate about sharing their ideas, are fast learners and adaptable in our agile and growing business. We want you to join us on this journey, to grow with us and build market leading pricing capabilities.
Our team of experienced pricing experts will prioritise supporting new joiners and providing any training that is needed.

Key Responsibilities

As a pricing analyst, you will be responsible for analysing and managing pricing strategies to support the future growth and profitability of the business.

• Provide pricing recommendations based on insight driven across various data and analysis
• Assess the impact of price changes pre and post change, using Radar
• Analyse the effectiveness of ongoing pricing decisions
• Develop an understanding of price elasticity, customer behaviour and other factors that drive effective price positioning
• Manage portfolio performance and provide analysis on any movements against expectation
• Track competitor movements and provide input for key decision making
• Collaborate with the rate implementation team to ensure prices are accurately implemented
• Support in building the pricing infrastructure, processes and procedures that ensure transparency, clear documentation and accuracy of output
• Maintain knowledge of the wider pet insurance market and feed developments into the business

Key Skills and Experience

• Experienced in general insurance pricing
• Strong data and analytical skills, working with large volumes of complex data, using data analysis tools such as Python, SQL, SAS, VBA is desirable
• Experience using Radar is desirable
• Strong problem solving skills and business acumen. Sound theoretical and practical understanding of personal lines underwriting and pricing principles

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