About this role
We're looking for a Pricing Analyst to join our Retail Pricing team. In this role, you'll use data analysis, statistical modelling and pricing insights to help develop competitive, fair and profitable pricing strategies for our motor insurance products. Working closely with colleagues across Pricing and Underwriting, you'll support customer acquisition and retention, drive commercial performance, and ensure pricing decisions align with regulatory requirements and customer needs. Data Analysis and Modelling Analyse historical data and trends to develop accurate pricing models and forecasts. Apply statistical and actuarial techniques to identify key risk factors influencing pricing decisions. Pricing Strategy Development Collaborate with Pricing Actuaries to design competitive pricing strategies aligned with the company's financial objectives. Utilise insights from market research and competitor analysis to refine pricing recommendations. Reporting and Communication Present findings, insights and recommendations to senior management and key stakeholders in a clear and impactful manner. Prepare and maintain detailed documentation of pricing models, methodologies and assumptions. Collaboration Work closely with Underwriting, Marketing and Claims teams to incorporate diverse perspectives into pricing decisions. Liaise with IT teams to support the implementation of pricing tools and system enhancements. Regulatory Compliance Ensure pricing models and practices comply with all relevant regulatory requirements and industry guidelines, including those issued by the Financial Conduct Authority (FCA). Innovation Contribute to the development, testing and enhancement of new pricing techniques and algorithms. Explore and leverage machine learning and advanced analytical tools to improve predictive performance and pricing accuracy. Continuous Improvement Monitor the performance and effectiveness of pricing models, recommending enhancements where appropriate. Stay up to date with industry developments, emerging risks and technological advancements to inform pricing decisions and best practice