At a Glance
- Tasks: Lead the development of pricing models for motor insurance and analyse risk factors.
- Company: Join a dynamic team in a leading insurance company focused on innovation.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Other info: Collaborative environment with opportunities for professional development.
- Why this job: Make a real impact on pricing strategies and drive sustainable growth.
- Qualifications: 3+ years in pricing/risk modelling with strong analytical skills.
The predicted salary is between 65000 - 75000 £ per year.
Department: [SBISL] Risk Pricing
Location: East Grinstead
Compensation: £65,000 - £75,000 / year
We’re looking for a Senior Pricing Analyst to join our Risk Pricing team in Bristol. You’ll lead the development of sophisticated pricing and risk models for motor insurance, helping to shape data-driven, competitive pricing strategies that support strong financial outcomes and sustainable growth.
What you’ll be responsible for:
- Build and improve pricing models: Lead the creation and refinement of actuarial models used to price motor insurance products, ensuring they remain robust, accurate and responsive to market conditions.
- Analyse risk and performance: Conduct deep-dive analyses to identify risk factors, trends and patterns; run experience studies and profitability reviews to evaluate model performance and recommend enhancements.
- Partner across the business: Collaborate with underwriting, finance, product and other teams to align pricing strategy with wider business objectives and support product development and planning.
- Support governance and compliance: Maintain awareness of relevant regulation and actuarial standards, helping ensure pricing activity is compliant and well-controlled.
- Communicate insight: Produce clear reports and presentations for senior stakeholders, explaining complex technical findings in an accessible way.
- Coach and upskill others: Provide technical guidance and mentoring to colleagues, contributing to capability‑building across the team.
- Drive continuous improvement: Identify process improvements and adopt new techniques and tooling to increase efficiency and effectiveness.
What you’ll need:
- Strong actuarial/pricing background with experience developing and refining models for pricing and risk assessment.
- Advanced analytical and problem‑solving skills, with a track record of improving approaches beyond traditional risk cost modelling.
- Practical programming/analytics capability (e.g., Python and SQL), including data manipulation and model implementation.
- Excellent written and verbal communication skills, able to influence non‑technical stakeholders.
- Collaborative working style and the confidence to engage with senior stakeholders.
- High attention to detail and a strong focus on controlled, well‑documented analysis.
- Industry experience: 3+ years in a similar pricing/risk modelling role (motor insurance experience preferred).
Our Benefits:
- Hybrid working – 2 days in the office and 3 days working from home
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- Discretionary annual bonus
- Pension scheme – 5% employee, 6% employer
- Flexible working – we will always consider applications for those who require less than the advertised hours
- Flexi-time
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
- Electric vehicle – salary sacrifice scheme
- 100’s of exclusive retailer discounts
- Professional wellbeing, health & fitness app - Wrkit
- Enhanced parental leave, including time off for IVF appointments
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance - 4 times your salary
- 25% Car Insurance Discount
- 20% Travel Insurance Discount
- Cycle to Work Scheme
- Employee Referral Scheme
- Community support day
Senior Risk Pricing Analyst in East Grinstead employer: Somerset Bridge Group
Join our dynamic Risk Pricing team in East Grinstead, where we prioritise employee growth and a collaborative work culture. With a strong focus on innovation, we offer hybrid working options, generous annual leave, and a range of benefits including a healthcare cash plan and professional development opportunities. Our commitment to employee wellbeing and flexible working arrangements makes us an excellent employer for those seeking a meaningful career in risk pricing.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Pricing Analyst in East Grinstead
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Somerset Bridge Group looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Risk Pricing Analyst in East Grinstead
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Somerset Bridge Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Somerset Bridge Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Somerset Bridge Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
