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Insurance Pricing Graduate

3 months ago

London, Greater London, United Kingdom Saga Group Full time

AICL, our in-house underwriting business is at key point in its growth plan, and your work as our new Pricing Analyst will contribute to helping our pricing capabilities become the market leading standard.

As a graduate or recent graduate, you will come from a mathematical background, bringing with you an understanding of how to organise data and identify trends.

With a detailed onboarding plan we will introduce you to the world of pricing and motor insurance setting you up for a successful career.

In this role, you will work closely with your immediate pricing team to develop and monitor pricing models; prepare data for modelling, select, and apply appropriate statistical techniques and make judgements and recommendations for price changes.

Collaboration is important for us at Saga and you will regularly interact with colleagues across both personal lines product portfolio and the wider business.

Role Responsibility

As one of our Pricing Analysts you will be accountable for the following areas;

  • Contributing to pricing model development and granular pricing analysis
  • Using machine learning and identifying new data sources to modernise pricing models
  • Monitoring performance of pricing models and amending where required
  • Developing management information and performing ad-hoc analysis to help inform key business decisions.
  • Becoming proficient in Radar, Emblem and Excel, and using where appropriate in analysis
  • Accurately building, testing, and deploying pricing changes
  • Identifying, understanding, and explaining emerging trends in the Motor market
  • Collaborating with other team members on project work, demonstrating enthusiasm and contributing actively to discussions.
The Ideal Candidate

We are delighted to be able to offer study support for the successful applicant, therefore a strong mathematical education is essential.

  • A in either Maths or Further Maths A-Level
  • 1 st or 2:1 in a mathematical or equivalent degree

As a Pricing Analyst you would be able to demonstrate the following skills and experience:

  • Strong numerical and statistical capabilities.
  • Knowledge of statistical modelling with GLMs and/or machine learning.
  • Excellent oral and written communication skills.
  • Knowledge of modelling software, such as Radar, Emblem, or similar systems.
  • Experienced in some programming languages such as SQL, R and Python
Package Description

Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.

We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.

BENEFITS AVAILABLE TO ALL COLLEAGUES:

  • Our working week is 35 hours per week, these can be worked flexibly to suit your working style
  • 25 days holiday + bank holidays
  • Option to purchase additional leave up to 5 extra days
  • Pension scheme matched up to 10%
  • Colleague discounts including family discounts on cruises and holidays
  • Range of reductions and offers from leading retailers, travel groups and entertainment companies
  • Enhanced maternity and paternity leave
  • Grandparents leave
  • Company performance related annual bonus - Up to 5%
  • Income protection
  • Access to Saga Academy, our bespoke learning platform
About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.

Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.

Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.

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