Principal Pricing Analyst

An exciting opportunity has arisen to join our Personal Lines Pricing department as a Principal Pricing Analyst.

Covéa Insurance offer a wide range of home, motor and commercial insurance backed by our award-winning customer service. Our purpose is to “help protect people against the worst happening and put it right if it does". It’s the reason we are here, and it’s the task we all focus on every day.

We’re looking for a candidate who has a few years’ experience working in insurance pricing and is looking to take on more responsibility in their role. The perfect candidate enjoys applying statistical methods to solve problems, is keen to collaborate within a team environment, and who is constantly striving to develop their skills.

This role is fully remote, so can be performed from home. But if you’re keen to get into the office, you can too!

What will I be doing?

• Maintain and develop sophisticated pricing models and price optimisation techniques
• Analyse, evaluate, and assess new rating factors and develop pricing structures that utilise them
• Guide the business in determining pricing action required to achieve business objectives
• Acquire and maintain an in-depth knowledge of the pricing and analysis tools used across the team, including WTW Radar, WTW Emblem, SAS Enterprise Guide, SQL, and Python
• Automate, streamline, and document pricing processes, maximising efficiency
• Present technical proposals to key stakeholders as part of our technical sign-off and governance process
• Responsibility for managing certain processes and liaising with relevant stakeholders both within and external to the organisation
• Responsibility for the management and career development of your line reports
  
  

You should apply if you have …

• Either a 2:1 bachelors’ degree or better (or equivalent) in an appropriate numerical subject, or equivalent experience
• A solid understanding of General Insurance underwriting principles
• Proven experience of worker within the General Insurance industry
• Experience in a Data Science, Pricing, or Actuarial function
• Experience of statistical and mathematical techniques, and an understanding of applying these techniques in General Insurance Pricing, risk selection, and analysis
• Experience of managing a team, with the ability to engage and motivate
• Strong numerical and analytical skills, with a keen eye for problem-solving
• Excellent communication and interpersonal skills
• Ability to present technical proposals to both technical and non-technical senior stakeholders
• Ability to work independently and manage own workload
  
  

We understand that some candidates may be hesitant to apply for a position if they do not meet all the criteria listed in the job description. At Covéa, we are dedicated to creating a diverse and inclusive work environment. Therefore, if you are interested in applying for this role but do not fully meet all the requirements, we still encourage you to submit your application.

What’s on offer?

• 36.25 working hours per week with flexitime, (along with a range of flexible working options)
• Annual pay review and performance related bonus
• 25 days holiday bank holidays, with the option to buy/sell holidays
• Continued professional development through internal training programmes, professional qualifications and apprenticeships
• A wealth of support for your mental, financial & physical wellbeing through our Wellbeing group
• A range of health benefits such as access to a 24/7 Virtual GP, free eye tests, flu jabs and the option to opt into private medical insurance
• Tusker Car Scheme - salary sacrifice scheme which lets you drive away a brand new, fully maintained and insured car for up to four years.
• Generous pension scheme with a 7.5% minimum employer pension contribution, matched to maximum of 9% dependant on your contribution
• Additional benefits such as discounted gym memberships, cycle to work schemes and discounts at lots of retailers through Perkpal.
  
  

Our Mission…

Our mission is to welcome everyone and create engaged, inclusive teams. Being an inclusive workplace means taking action to make sure everyone has equal opportunity to succeed, irrespective of their differences. We celebrate our differences and encourage everyone to join us and be themselves at work.

We want to ensure that our recruitment process is fair for all. If you require any reasonable adjustments or wish to discuss in more detail, then please get in contact with us or mention it during the online application process.

Salary

Up to £60,000

Working Hours

36.25