SENIOR PRICING ANALYST
UP TO £50,000
1 day a week in Greater London
This business seeks a Senior Pricing Analyst to work across optimising pricing strategies for their renewal portfolio. This role is critical is ensuring the business retains customers and maintains profitability.
THE COMPANY
This is a growing UK based insur-tech offering specialist travel insurance to those who may struggle with typical insurers, for reasons like ill health, and old age. This is a growth role, where you will be responsible for maximising the number of new channels the business earns through aggregator channels.
THE ROLE
You will be doing the following daily:
*Develop and implement customised pricing strategies for renewal business to optimise customer retention while meeting profitability goals.
*Analyse customer data and feedback to assess price sensitivity, loyalty drivers, and churn risks, integrating these insights into renewal pricing frameworks.
*Stay up to date of competitor pricing and market trends to ensure renewal pricing remains competitive and industry-aligned.
*Collaborate with the Customer Retention team to design targeted renewal offers, including loyalty incentives and promotional discounts.
*Conduct A/B testing of pricing strategies to measure their effectiveness on renewal rates and customer satisfaction.
*Apply statistical and machine learning tools to develop and refine renewal pricing models using platforms like Earnix, Akur8, Python, or R.
*Create detailed reports and presentations for senior management, highlighting key trends, insights, and recommendations for pricing updates.
*Build and maintain interactive dashboards in tools like Tableau to ensure continuous visibility into pricing performance.
*Align renewal pricing strategies with overall risk appetite and product coverage goals in collaboration with cross-functional teams.
*Work with Commercial and Marketing teams to effectively communicate pricing strategies and support retention campaigns.
*Partner with Product teams to evaluate the impact of pricing changes on customer experience and product competitiveness.
*Explore opportunities to streamline renewal pricing workflows through automation, AI, and advanced analytics for enhanced efficiency.
YOUR SKILLS AND EXPERIENCE
*Degree in Mathematics, Statistics, Economics, Actuarial Science, or related STEM field.
*2+ years of experience in a pricing role within the insurance industry.
*Experience working with renewal pricing/strategy is desirable.
*Experience working with insurance products.
*Proficiency in SAS, SQL, Python, or R.
*Knowledge of predictive analytics, machine learning methods, and demand modelling.
*Strong written and verbal communication skills.
*Numerate degree from a Russel Group university.
*Excellent written and verbal communication skills.
THE BENEFITS
*Up to £50,000.
*Discretionary bonus.
*Flexible working pattern.
HOW TO APPLY
Please register your interest by sending your CV to Gaby Adamis via the Apply link on this page.