Senior Pricing Analyst

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.