At a Glance
- Tasks: Lead the development of pricing models for motor insurance and analyse risk factors.
- Company: Join a dynamic team at a leading insurance company in East Grinstead.
- Benefits: Enjoy hybrid working, generous leave, and a range of health and wellness perks.
- Other info: Collaborative environment with opportunities for professional development and community support.
- Why this job: Make a real impact on pricing strategies and drive sustainable growth in the insurance sector.
- 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 East Grinstead employer: Somerset Bridge
Join our dynamic team as a Senior Risk Pricing Analyst in East Grinstead, where we prioritise employee growth and well-being. With a hybrid working model, generous annual leave, and a commitment to professional development, we foster a collaborative work culture that empowers you to make impactful contributions while enjoying a healthy work-life balance. Our comprehensive benefits package, including flexible working options and exclusive discounts, makes us an exceptional employer for those seeking a rewarding career in risk pricing.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Pricing Analyst in East Grinstead
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Somerset Bridge. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Risk Pricing Analyst in East Grinstead
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Somerset Bridge.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Somerset Bridge's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Somerset Bridge
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Somerset Bridge.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Somerset Bridge will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Somerset Bridge employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
