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- Tasks: Analyse pricing trends and build predictive models to support insurance pricing.
- Company: Join Tesco Insurance and Money Services, dedicated to serving customers and communities better every day.
- Benefits: Enjoy a competitive salary, annual bonus, hybrid working, and generous holiday allowance.
- Why this job: Gain hands-on experience in a supportive team while making a real impact in the insurance industry.
- Qualifications: Pursuing a numerate degree with strong analytical skills and interest in insurance pricing.
- Other info: Flexible working options available; open to UK-based undergraduates only.
The predicted salary is between 29000 - 35000 £ per year.
About the role
Salary – Salary is from £29K+ annual bonus & benefits
Work Level - 1
Location – Reigate (blended working)
Industry Placement: Fixed Term Contract – 10 months
Office Attendance- Our roles are hybrid, however you should be able to travel to our Reigate office, 2 days per week for this position.
Closing Date for applications 30th May 2025 at 5pm.
Are you seeking an exciting chance to earn as you gain new skills? We’re looking for an undergraduate student working towards a relevant numerate degree to work as a Pricing Analyst in our insurance pricing teams in Reigate on a 10-month placement starting Monday 1st September 2025 for the duration of the academic year (placement finishing on 1st July 2026).
In this highly technical and specialised role you will support the insurance business by analysing pricing trends, building predictive models, monitoring the performance of the business, and identifying areas of opportunity for growth and profitability. You’ll work in a team of Pricing Analysts and experience a variety of responsibilities to immerse yourself in our 10-month placement.
Everyone’s welcome. We want all our colleagues to always feel welcome and be themselves at Tesco Insurance and Money Services. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business.
What you’ll be doing
- Building predictive models and utilising Data Science tools to provide insight into insurance pricing.
- Delivering high quality analysis to support pricing changes and business opportunities.
- Monitoring the emerging performance across the portfolio to identify areas of focus.
- Implementing the use of new statistical analyses, machine learning and automation to improve processes.
- Communicating the results of the modelling and analytical work effectively in non-technical language to peers and stakeholders.
- Keeping knowledge and skills up to date and driving your own personal development.
We need you to have (min experience)
- You’ll be working towards a degree in a numerical subject on track for a 2:1 degree.
- An interest in insurance pricing & in the UK personal lines insurance market.
- Highly computer literate; able to use Excel and other common data analysis and data processing/modelling software.
- Strong appetite and ability to research new modelling techniques using a range of tools including R and Python.
- Good organisational skills; able to deliver tasks within agreed timescales.
- Ability to work as part of a team; fostering positive relationships and providing mutual support and guidance.
- Customer centric; focused on the delivery of high levels of customer service.
What’s in it for you?
- You can maximise your work experience and learnings to carve your career path and make a real impact.
- Prepare for your retirement with our colleague pension scheme.
- Virtual GP Service for you and your family 365 days a year.
- Performance related annual bonus.
- Indulge in a generous holiday allowance with a minimum of 7.2 weeks.
- Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increases to 15% every payday (worth up to £2K).
- Opportunity to participate in our Green Car scheme through tax efficient salary sacrifice.
- Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
- Critical illness cover.
- A place to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want.
- Take part in our Buy as you Earn and Save as your Earn share schemes.
Additional Information
We also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities, at every level of the organisation.
These positions are only open to UK based undergraduates with the right to work full time in the UK. Please note we are unable to provide sponsorship for this role at this time. Interviews commencing May/June 2025.
Why Tesco Insurance and Money Services?
Seeing your impact all around you: there’s no better feeling. Lucky for us, we get to feel it all the time. Because whatever our role, we’re helping our colleagues and serving our customers, communities and planet a little better every day.
How to apply
We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals. Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!
Contact Detail:
Tesco Insurance and Money Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Analyst - Protect (South)
✨Tip Number 1
Familiarise yourself with the UK personal lines insurance market. Understanding current trends and challenges in this sector will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your data analysis skills, particularly in Excel, R, and Python. Being able to showcase your proficiency in these tools during discussions can set you apart from other candidates.
✨Tip Number 3
Network with current or former employees of Tesco Insurance and Money Services. Engaging with them can provide valuable insights into the company culture and expectations, which you can leverage in your conversations.
✨Tip Number 4
Prepare to discuss how you can contribute to the team’s goals. Think about specific examples from your studies or previous experiences that highlight your analytical skills and customer-centric approach.
We think you need these skills to ace Pricing Analyst - Protect (South)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the Pricing Analyst role. Emphasise your numerical degree, any experience with data analysis, and your proficiency in tools like Excel, R, or Python.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of Tesco Insurance and Money Services that resonate with you, such as their commitment to customer service and inclusivity.
Showcase Relevant Projects: If you've worked on projects related to data analysis or predictive modelling during your studies, be sure to include these in your application. Describe your role, the tools you used, and the outcomes of your work.
Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that your formatting is consistent. A polished application reflects your attention to detail.
How to prepare for a job interview at Tesco Insurance and Money Services
✨Show Your Passion for Insurance
Make sure to express your genuine interest in the insurance industry, particularly in personal lines. Research Tesco Insurance and Money Services beforehand, and be ready to discuss how their values align with your own.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical abilities by discussing any relevant projects or coursework. Be ready to explain how you would approach building predictive models and analysing pricing trends using tools like Excel, R, or Python.
✨Communicate Clearly
Since the role involves communicating complex data in a non-technical manner, practice explaining your past projects or analyses in simple terms. This will demonstrate your ability to convey information effectively to various stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the role, team dynamics, and company culture. This shows your enthusiasm for the position and helps you determine if it's the right fit for you. Consider asking about the types of projects you might work on during your placement.
