Pricing Analyst

4 weeks ago


Bristol, Bristol, United Kingdom RAC Full time

The RAC is seeking a 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.

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

Key Responsibilities:

  • Develop advanced analysis of insurance data to inform pricing decisions that ensure profitability is maintained while maximising growth.
  • Run analyses to understand the drivers of trading performance 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 to 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 and able to boil down complex problems into simple and effective business recommendations.
  • Strong communicator able to work closely and build trust with stakeholders from other business areas.
  • Able to operate (and thrive) in fast-paced environments and capable of prioritising effectively and working under pressure.
  • Comfortable dealing with uncertainty to develop 'robust' outputs on time.

We are looking for individuals who thrive in a fast-paced commercial environment and can prioritise their work effectively to deliver agreed objectives. A-level Maths Grade A or above is required, and 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.

What We Offer:

  • Competitive salary and 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.

We're 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.



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