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 based in Bristol.
- Benefits: Enjoy hybrid working, generous leave, and a range of health and wellness perks.
- Other info: Collaborative environment with opportunities for professional development and mentoring.
- Why this job: Make a real impact on pricing strategies and drive sustainable growth in the industry.
- Qualifications: 3+ years in pricing/risk modelling with strong analytical and programming skills.
The predicted salary is between 65000 - 75000 € per 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 Bristol employer: Somerset Bridge
Join our dynamic Risk Pricing team in Bristol, where we prioritise a collaborative and innovative work culture that empowers employees to excel. With a strong focus on professional development, we offer extensive growth opportunities, hybrid working arrangements, and a comprehensive benefits package that includes generous annual leave, health and wellness support, and unique perks like religious bank holidays. Experience a fulfilling career with us as you lead the way in shaping data-driven pricing strategies for motor insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Pricing Analyst in Bristol
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in risk pricing. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies that highlight your experience with pricing models and data analysis. This will help you stand out during interviews and showcase your expertise.
✨Tip Number 3
Practice makes perfect! Get ready for interviews by rehearsing common questions related to risk pricing and actuarial models. The more comfortable you are, the better you'll perform when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Risk Pricing Analyst in Bristol
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk Pricing Analyst role. Highlight your experience with pricing models and risk assessment, and don’t forget to showcase your programming skills in Python and SQL!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team. Mention specific projects or achievements that demonstrate your analytical prowess and collaborative spirit.
Showcase Your Communication Skills:Since you'll be communicating complex findings to non-technical stakeholders, make sure to highlight your written communication skills. Use clear and concise language in your application to show us you can simplify the complex!
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 Somerset Bridge
✨Know Your Numbers
As a Senior Risk Pricing Analyst, you'll need to demonstrate your strong actuarial background. Brush up on your pricing models and be ready to discuss specific examples of how you've developed or refined them. Prepare to explain the impact of your work on financial outcomes.
✨Showcase Your Analytical Skills
Be prepared to dive deep into your analytical process. Think of a time when you identified risk factors or trends that led to significant improvements. Use this as an opportunity to highlight your advanced problem-solving skills and how they can benefit the company.
✨Communicate Clearly
You’ll need to explain complex technical findings to non-technical stakeholders. Practice summarising your past projects in simple terms. This will show your ability to communicate effectively and influence decision-making across teams.
✨Collaborate and Coach
Emphasise your collaborative working style and any experience you have in mentoring others. Share examples of how you've partnered with different departments to align pricing strategies with business objectives, showcasing your ability to drive continuous improvement.
