Insurance Pricing Analyst

2 months ago

London, Greater London, United Kingdom SAGA Full time
Job Introduction

Insurance Pricing Graduate

Salary - £30,000

Permanent

FT – 35 hours per week

Hybrid – Home and London Hub

As a Pricing Analyst at Saga, you will be contributing to the company's street pricing strategy to support the delivery of the insurance strategy, customer outcomes, and contribution to the achievement of the overall P&L for Saga Services (SSL).

You will join the wider Pricing & Projects team and 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.

This role is complex and challenging, and you will have the opportunity to make real contributions to a variety of projects from the outset.

Role Responsibilities
  1. Proactively use data to find areas of opportunity to drive commercial value and competitive advantage, delivering profitable growth for Saga's insurance business.
  2. Model, interpret, and monitor business data to identify and confirm market trends, product opportunities, and new or changing rating factors.
  3. Assist in the development of pricing models for deployment to the rating system, making best use of Radar and other software tools.
  4. Make recommendations to pricing leads based on your analysis.
  5. Mine, extract, and interpret data to bring out insights, using innovative techniques, including machine learning.
The Ideal Candidate

We are looking for a strong mathematical education, with a minimum of an A in either Maths or Further Maths A-Level and a 1st or 2:1 in a mathematical or equivalent degree (including Actuarial Science & Statistics).

You should be able to demonstrate the following skills and experience:

  1. Understanding of how to organise data so that it can be used to identify trends and anomalies.
  2. Numerical reasoning skills to be able to explain observed trends in data with logical argument.
  3. Critical thinking skills to assimilate information from various sources to form and prove hypotheses and use judgement and all available information to test and validate hypotheses.
  4. Use estimates, judgement, and risk-based assessments to make recommendations for action even in the absence of full information.
  5. Commercial awareness; be able to articulate the financial impacts of your work.
  6. Customer focus: demonstrate that you have considered the customer impact of your work.
  7. Communicate technical concepts clearly, and understand how to put across complex subjects to a wide and varied audience.
Package Description

At Saga, we believe in delivering exceptional experiences to our customers. We offer a range of benefits to our colleagues, including:

  1. Total flexibility over where you work, with the option to work from home or in one of our hubs in London, Ashford, or Sandwich.
  2. 25 days holiday + bank holidays.
  3. Option to purchase additional leave up to 5 extra days.
  4. Pension scheme matched up to 10%.
  5. Life assurance policy on joining us.
  6. Wellbeing programme.
  7. Colleague discounts, including family discounts on cruises and holidays.
  8. Range of reductions and offers from leading retailers, travel groups, and entertainment companies.
  9. Enhanced maternity and paternity leave.
  10. Grandparents leave.
  11. Company performance-related annual bonus - Up to 5%.
  12. Income protection.
  13. Access to Saga Academy, our bespoke learning platform.

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