Household Pricing Governance Analyst
APPLY HERE: Household Pricing Governance Analyst
Closing date: 6th May 2025
About the job
As a Household Pricing Governance Analyst, you will play a crucial role in managing the Household Pricing control framework to ensure compliance with regulatory requirements, legislation, and internal policies. Your efforts will help increase efficiencies within the Pricing department, enabling them to achieve strategic goals while mitigating risks through a robust control framework.
The Department
Household Pricing is part of the Household Core department, which designs, prices, distributes, and monitors product performance. The household product is our second most common sold product, serving over 2 million customers.
The Pricing department is data-driven and responsible for setting prices, writing profitable business, and maintaining our competitive edge in the industry. The Household Pricing Governance team reports into the Motor Pricing Governance though primarily on Household. There will be some opportunities to work with other pricing areas such as motor, pet and travel.
What Are We Looking For?
We are looking for someone who is eager to learn how to manage risks, navigate regulatory challenges, and add value through assurance in key decision-making processes. The ideal candidate will be excited about embracing and embedding risk management, and curious about the benefits it brings.
You will be trained to support the business in running existing governance requirements, identifying improvements, and designing and implementing new processes to enhance our department and organisation. A key part of the role is to review and analyse plus you will have the opportunity to enhance your skills to learn to code and create detailed spreadsheets.
In an area that’s constantly developing, you’ll need to have the desire and ability to drive your own learning and understanding. While existing experience in Pricing, Compliance or Governance would be beneficial, it isn’t essential, as training will be provided.
Main Duties
Your responsibilities will include, but are not limited to:
- Supporting the Pricing Department to adhere to the Group’s policies and promoting good governance practices.
- Assisting with requests and requirements from authorities like the FCA, including Fair Value Assessments and GIPP Attestations.
- Developing and maintaining controls within the department to prevent and detect risks.
- Writing documents and papers to assist the department.
- Creation of data sets and analysing data sets, to highlight trends and recommend positive changes.
- Supporting the department with risk management and governance queries.
- Building strong relationships with other departments and key stakeholders to ensure risk events and projects are managed smoothly and efficiently.
- Reporting on department activities through various forums.
Essential Skills & Experience
- Strong communication and interpersonal skills, with the ability to articulate issues concisely to key stakeholders at various levels and in various forums.
- Numerical skills to understand pricing impacts and outcomes, and the ability to find creative solutions to support the business in managing risks and issues effectively.
- Understanding of various regulators’ expectations and industry trends.
- A balance of being both customer and commercially focused.
- Ability to work independently and drive projects forward with minimal supervision.
- Proven ability to manage multiple tasks and priorities in a fast-paced, dynamic environment.
- Ability to work on multiple and varied areas concurrently.
Benefits and Work-Life Balance
At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.
All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.
You can also view some of our other key benefits here.
Admiral, Where You Can Be You
At Admiral you’re accepted, supported and empowered to be you. Because you’re brilliant.
We’re proud of our people-centric culture which has led us to being recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re committed to ensuring that at Admiral, progression is not slowed or haltered by barriers related to protected characteristics.
We are proud supporters of Women in Data®. Connect, engage and belong to the largest free female data community in the UK – visit: www.womenindata.co.uk to join our community.
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