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Pricing Analyst

Please Note: The application deadline for this job has now passed.

Job Introduction

The Insurance business is the largest part of the Saga Group. It provides tailored products including the recently launched fixed price insurance product.  A leader in Motor, Home, Travel and Health Insurance; Saga offers an environment where we will do the best thing for you to develop your skills and develop your career so that it is full of possibilities…

…And right now, we are looking for a Pricing Analyst to join us. With a brand new, purpose-built cruise ship launched in July 2019 and another due for delivery in August 2020,  and market leading, innovative insurance and financial products the transformation of our business makes the Saga Group a very exciting place to be as we move toward the Saga 70th anniversary in 2021

You will primarily be working on home insurance with opportunities on motor and other personal lines.You will have excellent communications skills.

In return, you can look forward to all of the responsibility and involvement of an integral role, providing you with a rewarding and fast paced career with an excellent benefits package including life assurance, pension, high street and online discounts, and concessions for holidays and travel.

The role can be based in either London or Folkestone to suit you.

Role Responsibility

  • Proactively use data to identify areas of opportunity to drive commercial value and competitive advantage, delivering profitable growth for Saga’s insurance business
  • Model, interpret and monitor business data to identify and confirm market trends, product opportunities and new / changing rating factors
  • Assist in development of pricing models for deployment to the rating system, making best use of Radar and other software tools
  • Make recommendations to pricing leads based on your analysis
  • Mine, extract and interpret data to bring out insights, using cutting edge techniques, including machine learning
  • Monitor and assess impact of changes post implementation and proactively recommend amendments to flag where further investigation and action is needed
  • Develop an excellent relationship with our in-house underwriter, including working on joint insurance initiatives to enhance group value
  • Pricing support for business change initiatives
  • Ensure adherence to pricing fairness rules and data usage policies
  • Respond to pricing queries from various business areas; looking for common themes and root causes which can be addressed in future pricing models

The Ideal Candidate

Capability, Knowledge and Experience:

  • Understanding of how to organise data so that it can be used to identify trends and anomalies
  • Numerical reasoning skills; be able to explain observed trends in data with logical argument
  • Critical thinking; an ability to assimilate information from various sources in order to form and prove hypotheses and use judgement and all available information to test and validate hypotheses
  • Use estimates, judgement and risk-based assessments to make recommendations for action even in the absence of full information
  • Commercial awareness; be able to articulate the financial impacts of your work
  • Customer focus; demonstrate that you have considered the customer impact of your work
  • Knowledge of Radar, Emblem or similar systems would be an advantage
  • Experience of programming languages such as SQL and R would be an advantage
  • Familiarity with general insurance pricing processes and methodologies would be an advantage

Education and Qualifications:

  • Degree in a mathematical or scientific subject would be preferred

Personal Characteristics:

  • Highly numerate
  • Logical thinker
  • Inquisitive, natural problem solver
  • Excellent attention to detail
  • Ability to learn quickly
  • Independent worker, ability to prioritise own work
  • Not afraid to speak up, strong communicator
  • Delivery focussed
  • Thrives on taking responsibility; not afraid to make decisions

Package Description

The standard benefits when you join Saga include:

  • Option to purchase a further 5 days annual leave per year
  • Free private medical insurance after 1 years service
  • Pension
  • AXA Be Supported
  • Apples Nursery (Folkestone only and on a waiting list basis)
  • Free fruit 
  • Give as you earn
  • Free eye tests
  • Honeymoon benefit
  • Sharebuy
  • Salary finance
  • Discounts on Saga holidays and insurance products
  • A range of reductions and offers from leading retailers, travel groups and entertainment companies
  • Long service awards

About the Company

When you join Saga you will see that 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. Creating a culture in which everyone feels welcome and offering equal opportunities in all aspects of employment and advancement is incredibly important to us. Fair consideration is given to applications from all applicants, including those with disabilities. If you need support at any point with your application please let us know as we will be happy to help.

Learn more about the Saga business by watching our Saga plc 2019 AGM film below:

To all recruitment agencies: Saga does not accept agency CVs unless specifically engaged on the role by the HR Recruitment Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga is not responsible for any fees related to unsolicited CVs. #L1-ED1

Saga Group

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