At a Glance
- Tasks: Lead the development of pricing models for personal lines insurance and analyse risk factors.
- Company: Join a dynamic team in Somerset with a focus on innovative pricing strategies.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on aligning pricing strategies across teams.
- Why this job: Shape data-driven pricing strategies that drive financial success and sustainable growth.
- Qualifications: 3+ years in pricing/risk modelling, strong analytical skills, and programming experience.
The predicted salary is between 50000 - 60000 £ per year.
LOCATION: Somerset/ Hybrid
Our client are looking for a Senior Pricing Analyst to join their Risk Pricing team in Somerset. You’ll lead the development of sophisticated pricing and risk models for personal lines 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 personal lines 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.
What you'll need:
- Industry experience: 3+ years in a similar pricing/risk modelling role (Personal lines: Home or Motor insurance experience).
- 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.
Senior Risk Pricing Analyst in Bath employer: The Emerald Group Ltd, Search and Selection
Our client is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of Somerset. With a strong focus on employee growth, they provide ample opportunities for professional development and skill enhancement, particularly in the field of risk pricing analysis. The hybrid working model allows for flexibility, ensuring a healthy work-life balance while contributing to meaningful projects that drive sustainable growth in the insurance sector.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Pricing Analyst in Bath
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk pricing and analytics. We recommend doing mock interviews with friends or using online platforms to boost your confidence.
✨Tip Number 3
Showcase your skills! Create a portfolio of your work, especially any models or analyses you've developed. This will help you stand out and demonstrate your expertise in pricing strategies.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge over other candidates.
We think you need these skills to ace Senior Risk Pricing Analyst in Bath
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk Pricing Analyst role. Highlight your experience in personal lines insurance and any specific projects where you've developed pricing models. We want to see how your skills align with what we're looking for!
Showcase Your Analytical Skills:In your application, don’t shy away from showcasing your analytical prowess. Mention specific tools like Python and SQL that you’ve used to manipulate data and improve pricing strategies. We love seeing concrete examples of your problem-solving abilities!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk pricing and how your background makes you a perfect fit for our team. We appreciate a personal touch that reflects your enthusiasm for the role.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications better and ensures you get all the updates directly from us. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨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 in the past. Highlight any experience with personal lines insurance, especially home or motor.
✨Showcase Your Analytical Skills
Prepare to dive deep into your analytical capabilities. Be ready to discuss how you've conducted experience studies or profitability reviews. Think of concrete examples where your analyses led to significant improvements in pricing strategies or risk assessments.
✨Collaboration is Key
This role requires partnering across various teams. Be prepared to talk about your experience working with underwriting, finance, and product teams. Share specific instances where your collaboration led to successful outcomes, emphasising your ability to influence non-technical stakeholders.
✨Brush Up on Your Tech Skills
Since practical programming skills are essential, make sure you're comfortable discussing your experience with Python and SQL. Prepare to explain how you've used these tools for data manipulation and model implementation in your previous roles.
