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: Collaborate across teams to align pricing with business objectives and support product development.
- 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.
Locations
Senior Risk Pricing Analyst in Newport, Wales 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 Newport, Wales
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. We can’t stress enough how valuable personal connections can be in landing that Senior Risk Pricing Analyst role.
✨Tip Number 2
Prepare for those interviews! Brush up on your technical skills, especially in Python and SQL. We recommend practising common actuarial scenarios and being ready to discuss your past experiences in detail.
✨Tip Number 3
Showcase your analytical prowess! Bring examples of your previous work with pricing models and risk assessments to the table. We want to see how you’ve improved approaches and delivered results in your past roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. We’re here to help you every step of the way in your job search journey.
We think you need these skills to ace Senior Risk Pricing Analyst in Newport, Wales
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 skills!
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 and ensures you get all the updates directly. Plus, it shows you’re keen on joining our team at StudySmarter!
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 a few key trends or patterns you've identified in previous roles and how they influenced your pricing strategies.
✨Collaboration is Key
This role requires partnering across various teams. Come prepared with examples of how you've collaborated with underwriting, finance, or product teams in the past. Emphasise your ability to align pricing strategies with broader business objectives.
✨Communicate Clearly
You'll need to influence non-technical stakeholders, so practice explaining complex concepts in simple terms. Prepare a couple of scenarios where you successfully communicated technical information to a non-technical audience, showcasing your excellent written and verbal communication skills.
