Pricing Strategy Lead

1 month ago


Reigate, Surrey, United Kingdom esure Full time

Company Overview

At esure, we're driven by innovation and a passion for excellence. As a pioneering insurer, we're shaping the future of insurance and seeking talented professionals to join our journey.

Salary

We offer a highly competitive salary that reflects your skills and experience, with an estimated range of £60,000 - £80,000 per annum, depending on your qualifications and background.

Job Description

As our Principal Pricing Analyst, you'll be a key player in driving business success through data-driven insights. You'll work closely with our Pricing team to develop and implement pricing strategies that optimize profitability and customer satisfaction.

Key Responsibilities:

  • Develop and coordinate changes to prices and underwriting criteria for Motor products to achieve volume and profit targets.
  • Collaborate with the business to understand key aspects of Pricing risk pricing, retail pricing, and expenses, including modeling and derivation.
  • Lead the build and updating of significant risk/retail models using Radar, Emblem, and alternative techniques.
  • Maintain oversight of analysis to monitor issues in key business performance areas, such as conversion, retention, loss ratios, and rate analysis.
  • Deliver step-change improvements to esure's pricing capabilities using insights from internal and external sources.
  • Counsel and mentor analysts and senior analysts, supporting task management, priority assessment, and mentorship on key data or projects.
  • Contribute to the delivery of pricing initiatives and provide new ideas to enhance market-leading pricing and rating capabilities.

Requirements and Qualifications

To succeed in this role, you'll need:

  • A passion for data analysis and drawing meaningful insights from data to inform business decisions.
  • Experience in a Senior or Principal Pricing role, with knowledge of UK Motor or Home insurance products/market.
  • Proficiency in Radar and other insurance pricing software, such as Emblem.
  • Familiarity with statistical software, SQL, and solid understanding of pricing and modeling techniques.
  • The ability to communicate technical information effectively and produce clear, concise reports.

Benefits

At esure, we value our employees and offer a comprehensive benefits package, including:

  • A competitive bonus scheme celebrating individual contributions to our success.
  • Discounts on our insurance products for you and your family.
  • 25 days annual leave, plus 8 flex days to be taken as needed.
  • Access to My Benefits Box, featuring perks to support your health, wellbeing, lifestyle, and finances.
  • Professional development opportunities, including training, mentoring, LinkedIn Learning licenses, and expert partner resources.
  • Flexible working arrangements, including part-time, job sharing, compressed hours, and hybrid working options.
  • A supportive environment promoting employee engagement, recognition, and appreciation.


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