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Pricing Consultant

2 months ago


StratforduponAvon, United Kingdom NFU Mutual Full time
About the Role

We are seeking a knowledgeable and dynamic insurance pricing professional to join our team at NFU Mutual. As a Pricing Consultant, you will play a key role in developing, recommending, and managing the risk price for our Commercial products.

Key Responsibilities
  • Develop and recommend risk prices for Commercial products, taking into account market trends and customer needs.
  • Collaborate with stakeholders across the business to ensure accurate and timely pricing decisions.
  • Lead pricing activities, including large-scale price builds, claims projections, and costing product changes and propositions.
  • Assess recommendations from a technical perspective, applying suitable judgment and expertise.
  • Line manage a small team of Analysts and Lead Analysts, providing guidance and support to help them develop their skills and expertise.
Requirements
  • Proven experience in a technical pricing role, with a strong understanding of insurance pricing principles and practices.
  • Knowledge of risk pricing, claims inflation, and market trends, with the ability to analyze complex data and deliver commercially sound recommendations.
  • Exceptional relationship-building, collaboration, and stakeholder management skills, with the ability to communicate complex ideas simply and effectively.
  • Strong analytical and problem-solving skills, with the ability to work independently and as part of a team.
  • Experience with Radar software and other relevant tools, with the ability to interpret model outcomes and influence price strategy through formal governance.
What We Offer
  • A competitive salary of £55,000 - £65,000 per annum, depending on experience.
  • An annual bonus of up to 17.5% of salary.
  • A contributory pension scheme, with up to 20% employer contribution.
  • 25 days annual leave, plus bank holidays and a buy/sell/save holiday trading scheme.
  • A family-friendly policy, with flexible working arrangements and support for work-life balance.
  • Access to savings at High Street brands, travel, and supermarkets.
  • A £20 contribution to a monthly gym membership.
  • A health and wellbeing plan, with cashback for dentist, opticians, physio, and more.
  • Access to voluntary benefits, including health assessments, private medical insurance, and dental insurance.
  • Employee volunteering opportunities, with one day per year to volunteer in the community.
  • Unlimited access to our Refer a Friend scheme, with a £500 bonus for successful referrals.
  • Life assurance cover of 4 x salary.
  • Employee discounts of 15% on a range of NFU Mutual insurance policies.