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Senior Pricing Analyst

2 months ago

Bristol, Bristol, United Kingdom RAC Full time

About the Role

The RAC is seeking a highly skilled Senior Pricing Analyst to join their Insurance Pricing Team on a permanent basis. The role is based in the Bristol office on a hybrid basis with the expectation of being in the office two days a week.

About the Team

The Insurance Pricing Team is responsible for developing advanced analysis of insurance data to inform pricing decisions that ensure profitability is maintained while maximizing growth. The team uses mathematical and statistical techniques to analyze data and identify opportunities for pricing changes that deliver business and customer value.

Key Responsibilities

  • Develop advanced analysis of insurance data to inform pricing decisions
  • Run analyses to understand the drivers of trading performance
  • Proactively explore and identify opportunities for pricing changes that deliver business and customer value
  • Develop and maintain projections of future performance and provide solutions to mitigate pressures on business targets
  • Carry out scenario and sensitivity analyses that inform what-if business questions
  • Imagine and develop innovative data assets through proof-of-concept solutions that demonstrate superior value to existing processes
  • Discover and present pricing insights to stakeholders from other business areas
  • Collaborate with other members of the Pricing team and support the development of junior members of the team

Requirements

  • Highly numerical and comfortable operating in a data-rich environment
  • Curious about insurance pricing
  • Strong communicator able to work closely and build trust with stakeholders from other business areas
  • Able to boil down complex problems into simple and effective business recommendations
  • Capable of building powerful narratives with data
  • Able to operate (and thrive) in fast-paced environments
  • Capable of prioritizing effectively and working under pressure
  • Comfortable dealing with uncertainty to develop 'robust' outputs on time

What We Offer

  • Competitive salary
  • Annual bonus scheme
  • FREE RAC Breakdown cover from day one
  • Colleague Share Scheme – a unique opportunity to become an owner of our business and share in the future success of the RAC
  • Car salary sacrifice scheme – including offers on electric vehicles
  • Hybrid working
  • Group Life Assurance of up to 4 x salary
  • Health and wellbeing benefits – including healthcare cash plan and private medical insurance

About Us

The RAC is a leading provider of insurance and motoring services. We are committed to developing a culture that is representative of the diverse communities we serve and one which is open, accessible, collaborative, and inclusive. We welcome applicants of all backgrounds and experiences.