Pricing Analyst Lead
1 day ago
About the Role: We are seeking an experienced Senior Pricing Analyst to join our team in a growth role. As a key member of our pricing function, you will be responsible for maximising the number of new channels we earn through aggregator channels.
Your Key Responsibilities:
- Collaborate with teams across Product, Underwriting, Finance, and Marketing to design and price travel insurance products customized for specific customer segments.
- Conduct market research and analyse competitor strategies to identify opportunities for new product development.
- Create and validate retail and technical pricing models for new products to balance customer satisfaction and profitability goals.
- Implement new pricing frameworks within the rating engine, ensuring accurate reflection on aggregator platforms.
- Analyse data from aggregator platforms to understand pricing trends, market conditions, and customer behaviour.
- Develop and execute competitive pricing strategies to boost quote volume and conversion rates on aggregator channels.
- Monitor pricing performance across multiple aggregator platforms daily, making rapid adjustments to maintain competitiveness.
- Perform in-depth analysis of sales data and customer demographics to detect trends and identify areas for improvement.
- Apply statistical and machine learning techniques to refine pricing models and align them with evolving market dynamics.
- Work with the pricing team to improve demand forecasting models and enhance price sensitivity analysis.
- Track key performance metrics like conversion rates, loss ratios, GWP, and income across aggregator platforms and brands.
- Coordinate closely with the Commercial team to align pricing strategies with sales goals and partner requirements.
- Collaborate with Product and Underwriting teams to ensure pricing updates align with product coverage and regulatory standards.
- Partner with Marketing to test and implement promotional pricing strategies on aggregator platforms.
About You:
- 2+ years of experience in a pricing role within the insurance industry.
- Experience working with aggregator platforms is highly desirable.
- Experience developing and pricing new insurance products.
- Proficiency in SAS, SQL, Python, or R.
- Strong written and verbal communication skills.
- Numerate degree from a Russel Group university.
- Excellent written and verbal communication skills.
What We Offer:
- A competitive salary of up to £50,000 per annum.
- A discretionary bonus scheme.
- A flexible working pattern.
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