Senior Pricing Analyst

SENIOR PRICING ANALYST

UP TO £50,000

1 day a week in the Greater London office

This business seeks a Senior Pricing Analyst to work across their aggregator function looking at new customer acquisition.

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:

• 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.

YOUR SKILLS AND EXPERIENCE

• 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.

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.