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Senior Pricing Analyst

Harnham - Data & Analytics Recruitment
Posted a day ago, valid for 16 days
Location

London, Greater London EC1R 0WX

Salary

£40,000 - £48,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position is for a Senior Pricing Analyst with a salary of up to £50,000.
  • The role requires a minimum of 2 years of experience in a pricing role within the insurance industry.
  • The analyst will work on maximizing new customer acquisition through aggregator channels.
  • Key responsibilities include collaborating with various teams, conducting market research, and implementing pricing strategies.
  • The company offers a flexible working pattern, along with a discretionary bonus.

SENIOR PRICING ANALYST

UP TO £50,000

1 day a week in Greater London

This business seeks a Senior Pricing Analyst to work across their aggregator function looking at new customer acquisition.

THE COMPANY

This is a growing UK based insur-tech offering specialist travel insurance to those who may struggle with typical insurers, for reasons like ill health, and old age. This is a growth role, where you will be responsible for maximising the number of new channels the business earns through aggregator channels.

THE ROLE

You will be doing the following daily:

  • Collaborate with teams across Product, Underwriting, Finance, and Marketing to design and price travel insurance products customized for specific customer segments.
  • Conduct market research and analyse competitor strategies to identify opportunities for new product development.
  • Create and validate retail and technical pricing models for new products to balance customer satisfaction and profitability goals.
  • Implement new pricing frameworks within the rating engine, ensuring accurate reflection on aggregator platforms.
  • Analyse data from aggregator platforms to understand pricing trends, market conditions, and customer behaviour.
  • Develop and execute competitive pricing strategies to boost quote volume and conversion rates on aggregator channels.
  • Monitor pricing performance across multiple aggregator platforms daily, making rapid adjustments to maintain competitiveness.
  • Perform in-depth analysis of sales data and customer demographics to detect trends and identify areas for improvement.
  • Apply statistical and machine learning techniques to refine pricing models and align them with evolving market dynamics.
  • Work with the pricing team to improve demand forecasting models and enhance price sensitivity analysis.
  • Track key performance metrics like conversion rates, loss ratios, GWP, and income across aggregator platforms and brands.
  • Coordinate closely with the Commercial team to align pricing strategies with sales goals and partner requirements.
  • Collaborate with Product and Underwriting teams to ensure pricing updates align with product coverage and regulatory standards.
  • Partner with Marketing to test and implement promotional pricing strategies on aggregator platforms.

YOUR SKILLS AND EXPERIENCE

  • 2+ years of experience in a pricing role within the insurance industry.
  • Experience working with aggregator platforms is highly desirable.
  • Experience developing and pricing new insurance products.
  • Proficiency in SAS, SQL, Python, or R.
  • Strong written and verbal communication skills.
  • Numerate degree from a Russel Group university.
  • Excellent written and verbal communication skills.

THE BENEFITS

  • Up to £50,000.
  • Discretionary bonus.
  • Flexible working pattern.

HOW TO APPLY

Please register your interest by sending your CV to Gaby Adamis via the Apply link on this page.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.