Job Introduction

Insurance Pricing Graduate

Salary - £30,000

Permanent

FT – 35 hours per week

Hybrid – Home and London Hub

As a Pricing Analyst you will be contributing to Saga’s street pricing to support the delivery of the insurance strategy, customer outcomes and contribution to the achievement of the overall P&L for Saga Services (SSL).

As a graduate or recent graduate, you’ll join the wider Pricing & Projects team, and your work as our new Pricing Analyst will contribute to helping our pricing capabilities become the market-leading standard.

As a graduate or recent graduate, you will come from a mathematical background, bringing with you an understanding of how to organise data and identify trends. 

With a detailed onboarding plan, we will introduce you to the world of pricing and personal lines insurance, setting you up for a successful career.

In this role, you will work closely with your immediate pricing team to develop and monitor pricing models, prepare data for modelling, select and apply appropriate statistical techniques and make judgements and recommendations for price changes.

This fantastic role is complex and challenging and can make a key difference to the company's future profitability. You can expect to make real contributions to a variety of projects from the outset.

We offer flexibility over where you work – you choose a place where you feel most comfortable and productive, either from home or in one of our hubs in London or Kent. We come together with a purpose to collaborate, typically twice a month at our hub in Kings Cross, London. 

Role Responsibility

As one of our Pricing Analysts you will be accountable for the following areas; 

Proactively use data to find 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 innovative techniques, including machine learning. 

The Ideal Candidate

We are delighted to be able to offer study support for the successful applicant, therefore a strong mathematical education is essential.

A in either Maths or Further Maths A-Level 1st or 2:1 in a mathematical or equivalent degree (including Actuarial Science & Statistics)

As a Pricing Analyst you would be able to demonstrate the following skills and experience:

Understanding of how to organise data so that it can be used to identify trends and anomalies.  Numerical reasoning skills to be able to explain observed trends in data with logical argument.  Critical thinking skills to assimilate information from various sources 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. Communicate technical concepts clearly, and understand how to put across complex subjects to a wide and varied audience

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