Senior Pricing Analyst

Policy Expert - Senior Pricing Analyst

Are you ready to transform the insurance industry?

Policy Expert is a forward-thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience.

Having achieved rapid growth since being founded in 2011, we’ve won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK’s No.1-rated home insurer by Review Centre since 2013.

Key responsibilities

• Own workstreams such as a model build, an optimisation cycle, a line’s trading or portfolio plan, or an implementation programme, and lead complex work such as pricing a new product or brand, a major model or algorithm change, or a regulatory change.
• Frame loosely defined or ambiguous problems, split the work into tasks others could deliver, challenge briefs that won’t answer the question, and propose work that should be done.
• Lead model builds and refreshes end to end, choosing and justifying the method through validation and sign-off, and introduce better techniques where the extra complexity pays off.
• Turn analysis into commercial recommendations that quantify the trade-offs between volume, profit, customer outcomes and regulation, linked to line and Group strategy.
• Own pricing changes from design to live, including high-risk changes; design test plans and review others’ testing and code before sign-off.
• Monitor the performance of models and pricing, diagnose drift and recommend updates.
• Set and raise standards for coding, modelling, testing and quality, and improve review and control processes.
• Prepare and present governance and committee material to Heads and senior forums, and support analysis for reinsurers, regulators and partners.
• Mentor, review and coach analysts, and lead project teams or work involving several analysts.
• Deputise for Manager or Technical Lead when needed.
• Makes day-to-day decisions within the workstream’s agreed scope and sets the approach with manager input.
• Recommends pricing changes to the manager or Head for sign-off; implements them within agreed guidelines and thresholds.
• Reviews and signs off others’ work where delegated and may set priorities for a sub-group of work.

Skills, knowledge and experience

Essential

• Degree in a numerate subject, or equivalent experience
• Typically 4+ years in insurance pricing or a closely related analytical role
• Strong SQL and Python; writes reusable, reviewable code
• Strong modelling skills (e.g. GLMs, GBMs, demand or elasticity models, optimisation, forecasting)
• Experience of taking pricing changes live through a rating tool, with testing and governance
• Good working knowledge of UK pricing regulation (GIPP, Consumer Duty, fair value)
• Evidence of reviewing others’ work and an appetite to mentor
• Strong stakeholder communication, including presenting to senior and non-technical audiences

Desirable

• Depth in one technical area (e.g. risk modelling, demand and optimisation, forecasting, implementation) with breadth across the others
• Experience across more than one product (e.g. Motor, Home, Pet)
• Cloud tools (e.g. GCP)
• Progress towards, or completion of, professional exams (IFoA or CII)

Benefits:

This role will be based in our London office in a 50/50 Hybrid mode.

We match your pension contributions up to 7%

Private medical & Dental cover

Learning budget of £1,000 a year + Study leave (with encouragement to use it)

Enhanced maternity & paternity

Travel season ticket loan

Access to a wide selection of London O2 events and use of a Private Lounge

Employee Wellbeing Programme

What We Stand for and Next Steps  “We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual’s skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment” 

At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please do not hesitate to let us know. We are dedicated to ensuring every candidate has an equal opportunity to succeed and will work with you to provide the necessary support.

We aim to be in touch within 14 working days of your application - you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements.