Senior Pricing Analyst

1 week ago

london, United Kingdom Harnham Full time
Job Description

SENIOR PRICING ANALYST

UP TO £50,000

1 day a week in Greater London


This business seeks a Senior Pricing Analyst to work across optimising pricing strategies for their renewal portfolio. This role is critical is ensuring the business retains customers and maintains profitability.

THE COMPANY

This is a growing UK based insur-tech offering specialist travel insurance to those who may struggle with typical insurers, for reasons like ill health, and old age. This is a growth role, where you will be responsible for maximising the number of new channels the business earns through aggregator channels.


THE ROLE

You will be doing the following daily:

  • Develop and implement customised pricing strategies for renewal business to optimise customer retention while meeting profitability goals.
  • Analyse customer data and feedback to assess price sensitivity, loyalty drivers, and churn risks, integrating these insights into renewal pricing frameworks.
  • Stay up to date of competitor pricing and market trends to ensure renewal pricing remains competitive and industry-aligned.
  • Collaborate with the Customer Retention team to design targeted renewal offers, including loyalty incentives and promotional discounts.
  • Conduct A/B testing of pricing strategies to measure their effectiveness on renewal rates and customer satisfaction.
  • Apply statistical and machine learning tools to develop and refine renewal pricing models using platforms like Earnix, Akur8, Python, or R.
  • Create detailed reports and presentations for senior management, highlighting key trends, insights, and recommendations for pricing updates.
  • Build and maintain interactive dashboards in tools like Tableau to ensure continuous visibility into pricing performance.
  • Align renewal pricing strategies with overall risk appetite and product coverage goals in collaboration with cross-functional teams.
  • Work with Commercial and Marketing teams to effectively communicate pricing strategies and support retention campaigns.
  • Partner with Product teams to evaluate the impact of pricing changes on customer experience and product competitiveness.
  • Explore opportunities to streamline renewal pricing workflows through automation, AI, and advanced analytics for enhanced efficiency.


YOUR SKILLS AND EXPERIENCE

  • Degree in Mathematics, Statistics, Economics, Actuarial Science, or related STEM field.
  • 2+ years of experience in a pricing role within the insurance industry.
  • Experience working with renewal pricing/strategy is desirable.
  • Experience working with insurance products.
  • Proficiency in SAS, SQL, Python, or R.
  • Knowledge of predictive analytics, machine learning methods, and demand modelling.
  • Strong written and verbal communication skills.
  • Numerate degree from a Russel Group university.
  • Excellent written and verbal communication skills.


THE BENEFITS

  • Up to £50,000.
  • Discretionary bonus.
  • Flexible working pattern.


HOW TO APPLY

Please register your interest by sending your CV to Gaby Adamis via the Apply link on this page.

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