At a Glance
- Tasks: Analyse data and develop pricing models for motor insurance products.
- Company: Join a leading company in the insurance sector focused on innovation and customer value.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Other info: Flexible working hours and community support days available.
- Why this job: Be part of a dynamic team driving data-driven decisions with real impact.
- Qualifications: Degree in relevant fields; programming skills in SAS, SQL, Python or R preferred.
The predicted salary is between 34000 - 46000 £ per year.
Pricing Analyst
Application Deadline: 18 August 2026
Department: [SBISL] Retail Pricing
Employment Type: Permanent - Full Time
Location: Bristol
Compensation: £40,000 - £50,000 / year
Description
We're looking for a Pricing Analyst to join our Retail Pricing team. In this role, you'll use data analysis, statistical modelling and pricing insights to help develop competitive, fair and profitable pricing strategies for our motor insurance products.
Working closely with colleagues across Pricing and Underwriting, you'll support customer acquisition and retention, drive commercial performance, and ensure pricing decisions align with regulatory requirements and customer needs.
What you'll be responsible for:
Data Analysis and Modelling
- Analyse historical data and trends to develop accurate pricing models and forecasts.
- Apply statistical and actuarial techniques to identify key risk factors influencing pricing decisions.
Pricing Strategy Development
- Collaborate with Pricing Actuaries to design competitive pricing strategies aligned with the company's financial objectives.
- Utilise insights from market research and competitor analysis to refine pricing recommendations.
Reporting and Communication
- Present findings, insights and recommendations to senior management and key stakeholders in a clear and impactful manner.
- Prepare and maintain detailed documentation of pricing models, methodologies and assumptions.
Collaboration
- Work closely with Underwriting, Marketing and Claims teams to incorporate diverse perspectives into pricing decisions.
- Liaise with IT teams to support the implementation of pricing tools and system enhancements.
Regulatory Compliance
- Ensure pricing models and practices comply with all relevant regulatory requirements and industry guidelines, including those issued by the Financial Conduct Authority (FCA).
Innovation
- Contribute to the development, testing and enhancement of new pricing techniques and algorithms.
- Explore and leverage machine learning and advanced analytical tools to improve predictive performance and pricing accuracy.
Continuous Improvement
- Monitor the performance and effectiveness of pricing models, recommending enhancements where appropriate.
- Stay up to date with industry developments, emerging risks and technological advancements to inform pricing decisions and best practice
What you'll need:
- Strong analytical and problem-solving skills with a high level of numerical proficiency.
- Knowledge of statistical software (e.g., R, Python, SAS) and data visualization tools (e.g., Power BI, Tableau).
- Familiarity with actuarial pricing techniques, including GLMs (Generalized Linear Models) and machine learning algorithms.
- Proficiency in Radar or EMBlem.
- Ability to interpret large, complex datasets and derive actionable insights.
- Excellent communication and presentation skills to convey technical findings to non-technical stakeholders.
- Teamwork and collaboration skills, with an aptitude for working across departments.
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
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Pricing Analyst in Bristol employer: Somerset Bridge
Join a forward-thinking company in Bristol that values innovation and employee growth, offering a dynamic work culture where data-driven decisions shape the future. As a Senior Analyst in the Data Enrichment team, you'll enjoy hybrid working, generous annual leave, and a range of benefits including a healthcare cash plan and enhanced parental leave, all while contributing to impactful projects that enhance commercial performance and customer value.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Analyst in Bristol
✨Tip Number 1
Familiarise yourself with the latest trends in motor insurance pricing. Understanding how competitors are adjusting their strategies can give you an edge during interviews, allowing you to discuss relevant insights and demonstrate your market awareness.
✨Tip Number 2
Brush up on your programming skills, especially in SAS, SQL, Python, or R. Being able to showcase your technical expertise in these areas will not only boost your confidence but also make you a more attractive candidate for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data analysis to drive pricing changes in previous roles. Highlighting measurable outcomes from your past experiences will help illustrate your ability to deliver business value.
✨Tip Number 4
Practice explaining complex analytical concepts in simple terms. Since you'll need to communicate findings to non-technical stakeholders, being able to convey your insights clearly will set you apart from other candidates.
We think you need these skills to ace Pricing Analyst in Bristol
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience and skills that align with the Pricing Analyst role. Emphasise your analytical abilities, programming skills in SAS, SQL, Python, or R, and any experience with large data sets.
Craft a Compelling Cover Letter:Write a cover letter that showcases your understanding of the motor insurance market and your ability to drive data-driven decision-making. Mention specific examples of how you've used analytics to optimise pricing strategies in previous roles.
Highlight Technical Skills:In your application, clearly outline your technical expertise, especially in statistical and actuarial techniques. Discuss any relevant qualifications, such as an actuarial or CII qualification, and your experience with pricing model development.
Showcase Communication Skills:Demonstrate your ability to communicate complex data insights effectively. Include examples of how you've presented findings to both technical and non-technical audiences, as this is crucial for collaboration within the Trading team.
How to prepare for a job interview at Somerset Bridge
✨Showcase Your Analytical Skills
As a Pricing Analyst, your ability to analyse data is crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly with large datasets. Highlight any experience you have with programming languages like SAS, SQL, Python, or R.
✨Understand the Insurance Market
Familiarise yourself with the motor insurance market and current pricing strategies. Research competitors and be ready to discuss how market dynamics can influence pricing decisions. This will demonstrate your commercial awareness and understanding of the industry.
✨Communicate Complex Ideas Clearly
You'll need to present complex analytical findings to non-technical stakeholders. Practice explaining your past projects in simple terms, focusing on the impact of your work. This will show that you can bridge the gap between technical analysis and business strategy.
✨Demonstrate Continuous Improvement Mindset
The role requires a proactive approach to enhancing pricing processes. Prepare to discuss any innovative solutions you've implemented in the past and how they improved outcomes. This will highlight your drive for practical results and your ability to think outside the box.
