At a Glance
- Tasks: Influence pricing decisions and develop discount models using data analysis.
- Company: Join RAC, a trusted name in the industry for over 128 years.
- Benefits: Competitive salary, flexible schedules, 25 days leave, and share scheme.
- Other info: Hybrid working model with excellent career growth opportunities.
- Why this job: Shape real pricing strategies and make an impact on customer outcomes.
- Qualifications: Experience in pricing or analytics; strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
RAC has an exciting opportunity for a Pricing Discount Modelling Analyst to join our Consumer Pricing & Value team. This role offers significant opportunity to influence RAC’s discounting and pricing decisions across our largest P&L, supporting trading performance, profitability and customer outcomes.
Working alongside experienced pricing specialists, you’ll help develop and enhance discount and pricing models using expert analysis, market insight and innovation. This is a hands‑on analytical role where your work directly supports real commercial decisions. If you enjoy building models, analysing customer behaviour, testing new approaches and seeing your insight land in live pricing decisions, this role offers a strong next step in your pricing career.
What You’ll Do
- Support delivery of Consumer pricing strategy and initiatives, driving trading performance and profitability.
- Develop and enhance discount and pricing models to predict customer behaviour (propensity to buy, cancel or claim).
- Use statistical modelling tools (e.g. Emblem, Python) to improve predictiveness and model performance.
- Analyse price trials and competitor pricing data to support price and discount optimisation.
- Build forecasting models and explain weekly and annual variances versus forecast.
Data, Validation & Optimisation
- Reconcile, validate and prepare datasets to ensure modelling inputs are robust.
- Explore new data sources, modelling techniques and tools to enhance pricing insight.
- Monitor and validate model performance over time, recommending corrective action where required.
- Support optimisation activity using behavioural and pricing data.
Governance, Regulation & Collaboration
- Ensure pricing and discounting decisions align with FCA regulatory guidance.
- Adhere to governance and pricing sign‑off processes.
- Work closely with Acquisition and Retention Squads, Pricing, Finance, Marketing and Insights teams.
- Build strong working relationships with compliance partners.
What You’ll Bring
- Experience in pricing, analytics or a relevant field such as Insurance, Banking or Finance.
- Experience in discount modelling desirable.
- Strong understanding of pricing and analytical techniques (e.g. GLMs / GBMs).
- Highly numerate with strong analytical and problem‑solving skills.
- Experience using SQL, Snowflake or SAS.
- Experience with visualisation tools such as Power BI or Tableau.
- Experience with modelling tools.
- Exposure to optimisation tools (Radar Optimiser, Earnix) beneficial but not essential.
Personal Attributes
- Strong delivery focus when handling complex analytical challenges.
- Confident stakeholder manager with the ability to build trust and credibility.
- Commercially minded with good financial awareness.
- Comfortable working in a fast‑moving, regulated environment.
- Continuous improvement mindset.
Location | Working Pattern | Salary
This role follows a hybrid model, with required office attendance in our Bristol office twice per week, Tues & Wed. Salary aligned with market and experience, plus a conditional annual bonus.
Benefits
- Enjoy a competitive salary plus automatic enrolment in our Owning It Together Colleague Share Scheme, giving you a unique opportunity to share in RAC’s future success.
- Get started with a free RAC Ultimate Complete Breakdown Service from day one, plus access to a car salary sacrifice scheme (including electric vehicles) after 12 months, delivering serious tax savings.
- Enjoy 25 days annual leave, plus bank holidays. We also support work–life balance with paid family leave, flexible schedules and practical resources to help navigate personal commitments.
- Benefit from a pension scheme with up to 6.5% matched contributions alongside life assurance cover of 4× salary (10× optional with flex benefits), designed to support you long term.
- Our 24/7 confidential support service is available to you and household members aged 16+, offering reassurance whenever you need it.
- Access Orange Savings, our exclusive discount portal with deals across top retailers, holidays, tools, tech and more. After passing probation, you’ll automatically join our Colleague Share Scheme, giving you a stake in our collective success.
Why RAC?
For more than 128 years, we’ve been keeping drivers moving, and today we’re trusted by over 15 million members. We’re also trusted by our people, with a 4.5‑star Glassdoor rating showing that RAC is a place where support, ambition and opportunity go hand in hand.
Ready to Apply?
If you’re excited to use data, modelling and commercial insight to shape real pricing and discounting decisions, we’d love to hear from you. Apply today and help shape the future of pricing at RAC.
Strategic Pricing & Discount Modelling Analyst in Bristol employer: RAC
RAC is an exceptional employer that prioritises employee growth and well-being, offering a dynamic work culture where innovation and collaboration thrive. As a Pricing Discount Modelling Analyst in our Bristol office, you'll benefit from a competitive salary, flexible working arrangements, and a comprehensive benefits package, including a share scheme and generous leave policies, all while contributing to meaningful pricing strategies that impact millions of customers.
StudySmarter Expert Advice🤫
We think this is how you could land Strategic Pricing & Discount Modelling Analyst in Bristol
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at RAC. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for interviews by brushing up on your analytical skills. Be ready to discuss how you've used data and modelling in past roles, and think of examples that showcase your problem-solving abilities.
✨Tip Number 3
Show your passion for pricing! When you get the chance, share your thoughts on current trends in pricing and discounting. This will demonstrate your enthusiasm and knowledge about the field.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the RAC team.
We think you need these skills to ace Strategic Pricing & Discount Modelling Analyst in Bristol
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Strategic Pricing & Discount Modelling Analyst role. Highlight relevant experience in pricing, analytics, and any specific tools mentioned in the job description, like SQL or Python.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share your passion for pricing and analytics, and give examples of how you've used data to drive decisions in previous roles.
Showcase Your Analytical Skills:Since this role is all about analysis, make sure to showcase your analytical skills in your application. Mention any experience with statistical modelling tools or data validation techniques that align with what we’re looking for.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at RAC
✨Know Your Numbers
As a Strategic Pricing & Discount Modelling Analyst, you'll need to demonstrate your analytical skills. Brush up on key pricing concepts and statistical modelling techniques like GLMs and GBMs. Be ready to discuss how you've used these in past roles or projects.
✨Showcase Your Tools
Familiarity with tools like SQL, Python, and visualisation software such as Power BI or Tableau is crucial. Prepare examples of how you've used these tools to enhance pricing models or analyse customer behaviour. This will show your hands-on experience and technical prowess.
✨Understand the Market
Research RAC’s current pricing strategies and competitor pricing data. Being able to discuss market trends and how they impact pricing decisions will impress your interviewers. It shows you're proactive and understand the broader context of the role.
✨Build Relationships
This role involves collaboration with various teams. Think about how you’ve successfully managed stakeholder relationships in the past. Be prepared to share specific examples that highlight your ability to build trust and work effectively in a team environment.
