At a Glance
- Tasks: Join us as a Pricing Analyst, analysing data and presenting insights to key stakeholders.
- Company: Simply Business insures small businesses and empowers communities with over 1 million active policies.
- Benefits: Enjoy flexible hybrid work, 25 days annual leave, and comprehensive health benefits.
- Why this job: Be part of a vibrant team where your analytical skills and people skills can truly shine.
- Qualifications: Strong analytical skills and proficiency in statistical modelling are essential; communication is key.
- Other info: We welcome diverse backgrounds and encourage you to apply even if you don’t meet every requirement.
The predicted salary is between 28800 - 43200 £ per year.
Are you a people-person with a passion for numbers and a knack for making connections? Do you thrive in dynamic environments where your ability to communicate and influence truly makes an impact? We’re on the hunt for an energetic Pricing Analyst to join our MGA,who loves to engage, collaborate, and drive success through powerful stakeholder relationships.
If you enjoy translating complex data into compelling insights and working hand-in-hand with a diverse range of teams, then this is the perfect opportunity for you. We’re looking for someone who isn’t afraid to step up, share their expertise, and contribute to a vibrant, fast-paced atmosphere where your proactive approach to stakeholder engagement will be highly valued.
As one of our Pricing Analysts, you’ll:
- Formulate and implement approaches to project future expected claims frequency and severity across multiple accounts, presenting your findings to key stakeholders.
- Recalibrate pricing models based on changes in expected performance, ensuring profitability and competitiveness through collaborative discussions.
- Utilise statistical techniques to analyse historical data and risk factors, working with teams to adjust or create new pricing models.
- Apply actuarial and pricing judgment, actively supporting low data areas and working collaboratively with underwriters to drive informed decisions.
- Monitor expected claims costs against actuals, closely engaging with the Actuarial function to ensure alignment and address discrepancies.
- Support the monitoring of new business and renewal performance in a fast-moving online environment, providing insights and communicating effectively with business units.
We’re looking for someone who is:
- Strong analytically, with the ability to interpret complex data and confidently present data-driven pricing decisions to a wide audience.
- Able to think outside the box and develop innovative solutions, eagerly sharing ideas and collaborating to meet business and profitability goals.
- Proficient in statistical modeling techniques and pricing software/tools, ready to leverage your expertise in a team setting.
- Able to work in low data areas, make recommendations, and communicate uncertainty effectively and clearly to non-technical stakeholders.
- A natural communicator, able to explain complex concepts with ease and engage persuasively with non-technical audiences.
- A true team player, with a collaborative mindset and the ability to work effectively and proactively in cross-functional teams.
Don’t let the confidence gap hold you back – apply even if you don’t meet every bullet point. We welcome diverse backgrounds and are committed to an inclusive, supportive environment where you can thrive.
If you’re ready to bring your analytical prowess and exceptional people skills to a role where you can truly shine, we want to hear from you! Apply now and let’s build something great together.
About Simply Business
We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 1,000,000 active insurance policies, we protect builders, bakers, landlords and more than 1,200 other trades.
We’re a technology company as well as one that sells insurance. That means we build, we fail, we learn and we improve. We’re a B Corp too, which recognises our strong track record of having a positive impact on people, society and the environment.
What are the benefits of working at Simply Business?
We offer a great work-life balance where every team member has a manageable workload and the flexibility to work hybrid.
On top of the 25 days annual leave (plus bank holidays), we offer leave that suits your needs. Plus the option to buy five more days of holiday with your flexible benefits.
Our flexible parental leave allows you to approach an important time how you want – with six months full pay to the primary caregiver and four weeks full pay if you’re the secondary caregiver.
Our life event leave is an extra days leave every two years for those big moments in your life like moving house or your birthday. And as a thank you to our long-serving employees we offer a two week paid sabbatical after five years of service, then four weeks off after ten years of service.
And our core benefits can put your mind at ease with private medical insurance through BUPA, that covers any pre-existing condition. And a health cash plan that covers your everyday medical expenses.
We also make sure you’re compensated fairly with a competitive salary based on your experience and the market we’re in. Plus the potential to earn an annual bonus based on performance.
There’s access to the tools to support your personal development with programmes on our dedicated learning platform. As well as support for your mental health with access to counselling.
We’ll match what you put into your pension up to five per cent. And pass on a tax-free sum that’s four times your basic salary with our life assurance policy, with the option to increase it to ten times through our flexible benefit scheme
Our salary sacrifice car scheme gives you the option to buy a brand new, fully insured, and maintained car for a convenient fixed monthly amount taken from your gross salary (after 6 months service).
And our flexible benefits scheme gives you an allocated amount to use each year on benefits like critical illness cover, dental insurance, travel insurance, or a gym membership.
Ready to join us and drive our success as a high-performing team? Apply today.
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Pricing Analyst employer: Simply Business
Contact Detail:
Simply Business Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst
✨Tip Number 1
Network with professionals in the insurance and pricing sectors. Attend industry events or webinars where you can meet potential colleagues and learn more about the company culture at Simply Business.
✨Tip Number 2
Familiarise yourself with the latest statistical modelling techniques and pricing software. Consider taking online courses or certifications that can enhance your skills and demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss real-world examples of how you've successfully communicated complex data to non-technical stakeholders. This will showcase your ability to engage effectively, which is crucial for the Pricing Analyst position.
✨Tip Number 4
Research the current trends in the insurance market, especially regarding pricing strategies. Being knowledgeable about the industry will help you stand out during interviews and show your enthusiasm for the role.
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your analytical skills and experience with statistical modelling techniques. Emphasise any previous roles where you successfully communicated complex data to non-technical stakeholders.
Craft a Compelling Cover Letter: In your cover letter, showcase your passion for numbers and your ability to build relationships. Mention specific examples of how you've collaborated with teams to drive success and how you can contribute to the dynamic environment at Simply Business.
Highlight Relevant Skills: Clearly outline your proficiency in pricing software/tools and your experience in recalibrating pricing models. Use bullet points to make these skills stand out, ensuring they align with the job description.
Showcase Your Communication Skills: Since the role requires strong communication abilities, include examples of how you've effectively engaged with diverse teams. Consider mentioning any presentations or reports you've delivered that demonstrate your capability to explain complex concepts clearly.
How to prepare for a job interview at Simply Business
✨Show Your Analytical Skills
As a Pricing Analyst, your ability to interpret complex data is crucial. Be prepared to discuss specific examples of how you've used statistical techniques in the past to influence pricing decisions. This will demonstrate your analytical prowess and help you stand out.
✨Communicate Clearly
Since you'll be engaging with non-technical stakeholders, practice explaining complex concepts in simple terms. Use relatable examples to illustrate your points, ensuring that everyone understands your insights and recommendations.
✨Demonstrate Collaboration
Highlight your experience working in cross-functional teams. Share stories that showcase your ability to collaborate effectively, especially in dynamic environments. This will show that you're a true team player who can drive success through stakeholder relationships.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in low data areas. Think of scenarios where you've had to make recommendations despite uncertainty, and be ready to explain your thought process and the outcomes of your decisions.