Data-Driven Pricing Specialist

1 week ago


Bristol, Bristol, United Kingdom RAC Full time

The RAC is seeking a talented Data-Driven Pricing Specialist to join their Insurance Pricing Team on a permanent basis. This exciting role is based in the Bristol office, with a hybrid working arrangement that requires being in the office two days a week.

RAC Insurance operates as a broker within the personal lines insurance market and has ambitious plans to grow in this area.

As a key member of the team, you will play a vital role in developing advanced analysis of insurance data. Using mathematical and statistical techniques, you will inform pricing decisions that ensure profitability while maximising growth. Your responsibilities will include:

  • Running analyses to understand the drivers of trading performance
  • Proactively exploring and identifying opportunities for pricing changes that deliver business and customer value
  • Developing and maintaining projections of future performance and providing solutions to mitigate pressures on business targets
  • Carrying 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
  • Discovering and presenting pricing insights to stakeholders from other business areas
  • Collaborating with other members of the Pricing team and supporting the development of junior members of the team.

We are looking for individuals who thrive in fast-paced commercial environments and can prioritise their work effectively to deliver agreed objectives. You will also be:

  • 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 prioritising effectively and working under pressure
  • Comfortable dealing with uncertainty to develop 'robust' outputs on time

Preference will be given to candidates with A-level Maths Grade A or above. Experience of insurance pricing or predictive modelling is desirable but not essential. Strong software skills (experience of Excel, SQL, Python or similar) are a bonus.

The salary for this position is estimated to be around £45,000 - £60,000 per annum, depending on experience. In addition to a competitive salary, we offer an annual bonus scheme, free RAC Breakdown cover, colleague share scheme, car salary sacrifice scheme, hybrid working, group life assurance, and health and wellbeing benefits. We welcome applicants of all backgrounds and experiences and are committed to developing a culture that is representative of the diverse communities we serve and one which is open, accessible, collaborative, and inclusive.


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