Pricing Analyst

Pricing Analyst

Department: [SBL] Risk Pricing

Employment Type: Permanent – Full Time

Location: Bristol

Reporting To: Matt Standing

Compensation: £40,000 – £50,000 / year

Description

We are recruiting for a Pricing Analyst to join the Risk Pricing team within our Underwriting department. This role will play a critical role in contributing towards the delivery of Risk Pricing Objectives, in line with company goals, through innovation, collaboration, and self-development initiatives relevant to Risk Pricing.

The role is integral to providing data-driven insights to the Risk Pricing team, leveraging advanced analytics to influence pricing and related business decisions; this will also be about your development and ability to acquire / contribute essential pricing techniques / acumen. Focus will be on analysts who focus on aspects such as risk models, monitoring, data evaluation.

What you\’ll be responsible for:

• Data Analysis and Reporting: Collect, organise, and analyse large datasets to support pricing decisions and evaluate risk exposure. Provide actionable insights and recommendations to the Risk Pricing team.
• Model Development: Collaborate with members of Risk Pricing to develop, test, and implement Risk Pricing models, ensuring accuracy, robustness, and compliance with regulatory requirements. Includes use of Emblem, Radar and Machine Learning techniques.
• Model Monitoring & Maintenance: Support management and monitoring initiatives through statistical / actuarial investigations involving rate actions and impact assessments.
• Feature Engineering: Analysis of new and existing data sources to generate new variables used in modelling.
• Risk Assessment: Support the evaluation of risk metrics and identify trends in customer behaviour or claims metrics that influence pricing strategies.
• Stakeholder Engagement: Work closely with cross-functional teams, including underwriting, pricing and actuarial departments, to ensure that risk pricing strategies are well-aligned with broader business goals. Includes preparing reports to the required standard for internal sign-off and planning.
• Continuous Improvement: Contribute to the enhancement of pricing methodologies and tools, identifying inefficiencies and suggesting innovative solutions.
• Documentation & Compliance: Ensure all pricing processes and models are well-documented and adhere to internal controls, regulatory requirements, and best practices.
• Team Collaboration & Project Support: Support the Pricing Manager and work closely with other analysts to deliver team objectives and support project planning initiatives
• Team Support: Support development of Graduate Pricing Analysts through ad-hoc training and support.

What you\’ll need:

• 1+ years relevant experience within Insurance / Financial Services industry.
• Bachelor\’s degree in a quantitative field such as Mathematics, Statistics, Actuarial Science, Data Science, Economics, or a related discipline. Advanced degrees or additional certifications are a plus.
• Familiarity with programming languages (e.g. Python, SQL, SAS) and statistical software. Proficiency in Microsoft Excel and other data visualisation tools is a plus. Experience with Industry specific-software (e.g. Emblem and Radar) is advantageous.
• Strong aptitude for data analysis, statistical techniques, and problem-solving. Ability to draw meaningful insights from complex datasets.
• Comfort with mathematical and statistical concepts, including probability, regression analysis, and predictive modelling.
• Precision in handling data, models, and reports to ensure accuracy and reliability.
• Ability to translate complex technical findings into clear, actionable insights for both technical and non-technical stakeholders.
• Strong teamwork and interpersonal skills to effectively work within a multidisciplinary environment and support development of junior colleagues. Capacity to prioritise tasks, meet deadlines, and manage workload effectively in a dynamic environment.

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