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Insurance Pricing Lead

Job Introduction

Pricing Lead

Salary £45,000 – 55,000 dependent on experience

Permanent   

FT – 35 hours per week

Hybrid – Home and London Hub

As one of our new Pricing Leads you will be pivotal in improving Saga’s risk and/or aggregate pricing for our home insurance product to support the delivery of the insurance strategy, customer outcomes and contribution to the achievement of the overall P&L for Acromas Insurance Company Limited (AICL).

You will be a proactive and experienced professional with an extensive knowledge of pricing methodologies, KPIs & customer journeys.

You will utilise your broad knowledge of risk and/or aggregate pricing in a Personal Lines insurance business to implement innovative and new approaches to grow the relevant book profitably. You will be working closely with the Pricing Manager to develop and implement complex solutions, including those beyond standard pricing and actuarial techniques, to help our pricing capabilities attain market leading status.

Role Responsibility

As our new Pricing Lead you will be accountable for the following areas; 

  • Making significant contributions to pricing model development and granular pricing analysis, including use of machine learning, and identifying new data sources to modernise pricing models
  • Monitoring performance of pricing models and amending where required
  • Making significant contributions to tracking and monitoring aggregate portfolio performance, improving business forecasting processes and supporting on external partner relationship management
  • Developing management information and performing ad-hoc analysis to help inform key business decisions.
  • Understanding and explaining emerging trends in the Home market
  • Investigating and implementing innovative technical solutions to new and complex problems which sit outside of BAU work
  • Being proactive and using experience and judgement to develop value adding proposals, with little or no input from a pricing manager
  • Guiding and mentoring analysts within and outside of the team
  • Carrying out peer reviews of colleague’s work, checking for technical accuracy as well as reflecting on wider implications.
  • Sharing extensive knowledge and experience within and outside the pricing team
  • Acting as a first point of contact, role model and mentor for fellow pricing leads and junior analysts

The Ideal Candidate

As the successful Pricing Lead, you will be working within the Home team; however, we are open to candidates with technical experience across the personal lines insurance industry.

Other skills and experience required include:

  • Knowledge of General Insurance pricing processes and methodologies
  • Extensive knowledge of risk price modelling with GLMs and/or machine learning.
  • Strong numerical and statistical capabilities. 
  • Excellent oral and written communication skills.
  • Proactive, enthusiastic, self-motivated team player
  • Strong organisational skills, e.g. time management, documentation etc.
  • Viewed as a technical expert and a role model for analysts and leads
  • Knowledge of modelling software, such as Radar, Emblem, or similar systems.
  • Experienced in some programming languages such as SQL, R and Python
  • Part Qualified Actuary

 

Package Description

Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.

We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.

BENEFITS AVAILABLE TO ALL COLLEAGUES:

  • Our working week is 35 hours per week, these can be worked flexibly to suit your working style
  • 25 days holiday + bank holidays
  • Option to purchase additional leave up to 5 extra days
  • Pension scheme matched up to 10%
  • Life assurance policy on joining us
  • Wellbeing programme
  • Colleague discounts including family discounts on cruises and holidays
  • Range of reductions and offers from leading retailers, travel groups and entertainment companies
  • Enhanced maternity and paternity leave
  • Grandparents leave
  • Company performance related annual bonus - Up to 5%
  • Income protection
  • Access to Saga Academy, our bespoke learning platform

About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.

Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.

Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.

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