At a Glance
- Tasks: Analyse data to shape pricing strategies for insurance products and optimise performance.
- Company: Join The Very Group, a company dedicated to helping families thrive.
- Benefits: Flexible working, 30 days holiday, learning access, and a £1000 benefits allowance.
- Why this job: Make a real impact on pricing strategies while developing your analytical skills.
- Qualifications: Experience in analytics, strong data skills, and understanding of insurance pricing.
- Other info: Inclusive culture with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
About Us
We are The Very Group and we are here to help families get more out of life. We know that our customers work hard for their families and have a lot to balance in their busy lives. That's why we combine amazing brands and products with flexible payment options on Very.co.uk to help them say yes to the things they love. We're just as passionate about helping our people get more out of life too; building careers with real growth, a sense of purpose, belonging and wellbeing.
About The Role
We're looking for an Insurance Pricing Analyst to join our Financial Services team and play a key role in shaping pricing strategies for our insurance products. This is a fantastic opportunity to use your analytical skills to influence decisions that balance commercial performance with fair outcomes for customers. You'll work with data, models, and stakeholders across the business to ensure our pricing is competitive, compliant, and commercially effective. Your insights will help us optimise performance and deliver value for both customers and the business.
What You Will Be Doing
- Support the development, monitoring, and refinement of pricing strategies for insurance products through data analysis and modelling.
- Build and maintain pricing models using tools such as Python, SAS, or Excel.
- Analyse customer, claims, and market data to identify trends and pricing opportunities.
- Contribute to insurance reporting, ensuring stakeholders understand product performance and customer outcomes.
- Collaborate with product managers, underwriters, and finance teams to align pricing with commercial and regulatory objectives.
- Assist in testing and implementing pricing changes, ensuring accuracy and compliance with internal controls.
- Track and analyse the impact of pricing decisions to support continuous improvement.
- Deliver clear, well-documented analytical outputs for both technical and non-technical audiences.
- Support ad-hoc analysis and contribute to the improvement of tools, processes, and governance across the pricing function.
About You
Essential- Experience in an analytical role, ideally within financial services or insurance.
- Strong data analysis skills with proficiency in Excel and tools such as SAS, Python, R, or SQL.
- Understanding of pricing concepts and commercial drivers in insurance.
- Excellent attention to detail and ability to turn data into actionable insights.
- Strong communication skills, able to explain complex analysis clearly.
- Ability to manage multiple priorities in a fast-paced environment.
- Experience with insurance products, claims, or underwriting data.
- Exposure to machine learning methods for pricing optimisation.
- Familiarity with regulatory considerations in insurance pricing (e.g., Consumer Duty).
- Knowledge of statistical modelling techniques such as regression.
- Understanding of insurance market dynamics and competitor analysis.
Benefits
Flexible, hybrid working model
Inclusive culture and environment, check out our Glassdoor reviews
£1000 flexible benefits allowance to suit your needs
30 days holiday + bank holidays
Udemy learning access
Bonus potential (performance and business-related)
Up to 25% discount on Very.co.uk
Matched pension up to 6%
More benefits can be found on our career site.
How To Apply
Please note that the talent acquisition team are managing this vacancy directly, and if successful in securing this role, you will be required to undertake a credit, CIFAS, Right to Work checks and if a specific requirement of your role a DBS (criminal records) check. Should your application progress we require you to let the team know if there is anything you need to disclose in relation to any of these checks prior to them being undertaken, including any unspent criminal convictions.
What happens next?
Our talent acquisition team will be in touch if you're successful so keep an eye on your emails! We'll arrange a short call to learn more about you, as well as answer any questions you have. If it feels like we're a good match, we'll share your CV with the hiring manager to review. Our interview process is tailored to each role and can be in-person or held remotely. You can expect a two-stage interview process for this position:
- 1st stage - An informal 30-minute video call with the hiring team to discuss your skills and relevant experience. This is a great opportunity to find out more about the role and to ask any questions you may have.
- 2nd Stage - A one-hour formal interview where you can expect both competency and technical questions (task based). This can be held either in-person or remotely.
As an inclusive employer please do let us know if you require any reasonable adjustments.
Equal opportunities
We're an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Insurance Pricing Analyst in Liverpool employer: The Very Group
Contact Detail:
The Very Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Pricing Analyst in Liverpool
✨Tip Number 1
Get to know The Very Group! Research our values, products, and culture. This will help you tailor your conversations during interviews and show that you're genuinely interested in being part of our team.
✨Tip Number 2
Practice your analytical skills! Brush up on your data analysis techniques using tools like Python or Excel. Being able to demonstrate your proficiency in these areas will set you apart during the interview process.
✨Tip Number 3
Prepare for those technical questions! Review common pricing concepts and be ready to discuss how you've applied your analytical skills in previous roles. We want to see how you can bring value to our insurance pricing strategies.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets directly into the hands of our talent acquisition team. Plus, it shows you're proactive and keen to join us!
We think you need these skills to ace Insurance Pricing Analyst in Liverpool
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Insurance Pricing Analyst role. Highlight your analytical skills and experience with data analysis tools like Python or Excel. We want to see how your background aligns with our needs!
Showcase Your Skills: In your application, don’t just list your skills—show us how you've used them! Provide examples of how you've turned data into actionable insights or contributed to pricing strategies in previous roles. This will help us see your potential impact.
Be Clear and Concise: When writing your application, keep it clear and concise. Use straightforward language to explain your experience and skills. Remember, we appreciate clarity, especially when it comes to complex analysis!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the details you need there!
How to prepare for a job interview at The Very Group
✨Know Your Numbers
As an Insurance Pricing Analyst, you'll be working with data all the time. Brush up on your analytical skills and be ready to discuss how you've used tools like Excel, Python, or SAS in past roles. Prepare examples of how your data analysis led to actionable insights.
✨Understand Pricing Concepts
Make sure you have a solid grasp of pricing strategies and commercial drivers in insurance. Be prepared to explain how these concepts influence decision-making and how you can contribute to developing competitive pricing models.
✨Communicate Clearly
You'll need to convey complex analyses to both technical and non-technical audiences. 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 data and business needs.
✨Prepare for Technical Questions
Expect competency and technical questions during the second stage of the interview. Review statistical modelling techniques and be ready to discuss any experience you have with machine learning methods for pricing optimisation. This will demonstrate your readiness for the role.