Pricing Analyst

Company Description

Here at esure Group, we’re no strangers to change. As one of the industry leaders in the insurance business, striving to become a world class digital insurer, we’re getting ready for more. It’s creating great new opportunities for innovative and talented industry professionals to join us at a pivotal point in our development.

It’s an opportunity you simply don’t want to miss. You can expect our investment in you to include a highly competitive package, career and development opportunities and flexible benefits built around you and your lifestyle.

Job Description

We have an excellent opportunity for a Pricing Analyst within our innovative and growing Pricing team based in Reigate!

This is an exciting time to be joining us as we all work collectively towards our vision of business transformation. We are serious about fixing insurance for good through the creation of an unbeatable platform that changes customers' views and perceptions of insurance providers. You will be part of these new foundations and, also using some data magic, create magnetic value for both our existing and future customers.

Purpose of Role:

To significantly improve the profitability of the company through driving improvements to (Motor or Home) pricing, across all our brands and channels.

The day to day:

• Deliver changes to prices and underwriting criteria to help achieve volume and profit targets across all products, channels and brands.
• Assist in delivering pricing initiatives to make esure’s pricing and rating capabilities market leading.
• Are developing an understanding of Pricing e.g. risk pricing, retail pricing and expenses, including how these are modelled/derived.
• Understand risk/retail models by using Radar, Emblem and alternative modelling/Data Science techniques to build and update predictive models.
• Responsible for implementing changes through the pricing algorithm as required. Ensure all rate changes are made promptly, in a controlled manner and that there are no major rate change audit issues.
• Undertake analysis to monitor key aspects of business performance, such as conversion, retention, loss ratios, and rate analysis as directed by the Pricing Manager, flagging any issues before they affect loss.
• Can understand and interrogate relevant data assets.
• Are developing a knowledge of esure products, understanding the differences between them and how they should be analysed.
• Undertake ad-hoc project work as and when requested by other parts of the business ensuring that the results are communicated appropriately.
• Manage own workload, assessing priorities and managing conflict between these.
• Effectively undertake analysis and communicate results to appropriate stakeholders.
• Be responsible for the accuracy and relevance of their analysis, checking their own work thoroughly and with minimal errors.
• Take account of FCA GIPP rules and other regulation when required.
• Take ownership of their own development.
• Build effective relationships within the esure Pricing Team.

Qualifications

We would love you to bring:

• Experience in analysis and/or knowledge of the UK Motor & Home Insurance markets.
• Degree level education or equivalent with proven numeracy skills.
• A knowledge of pricing and modelling techniques
• Experience of applying multivariate statistical and/or Data Science techniques (e.g. Regression (GLMs), Clustering, GBMs) to business problems
• Computer literate with a knowledge of statistical software such as SAS or Python would be an advantage, as well as insurance pricing software, e.g. Radar and Emblem.
• A well organised and logical approach, with attention to detail and good communication skills are essential as is the ability to demonstrate an in-depth understanding of how the business works and performs.
• The ability to communicate technical information in non-technical terms where appropriate and the ability to produce clear and concise written reports.

Additional Information

What we will offer you in return:

• A competitive salary that recognises your skills, experience and potential
• 25 days annual leave plus 8 flex days (equivalent to bank holidays to be taken as and when suits you)
• Flexible benefits platform - choose the benefits that suit you and your lifestyle
• Bonus scheme
• Flexible / hybrid working model
• Staff discount on our products

We welcome you to ask about the flexibility you need. This might be part-time, job share or compressed hours for example. Anyone who applies for a role can ask about flexibility at interview. In return, we will explore what is possible for the role.

We understand some people may not apply for jobs unless they tick every box. If you are excited about joining us and think you have some of what we are looking for, even if you’re not 100% sure we would love to hear from you.

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