Pricing Innovation and Modelling Consultant

Pricing Innovation and Modelling Consultant

Use your expertise to help us develop competitor and demand modelling
Benefit from early and increasing involvement in innovative projects
Part time hours applications welcomed, flexibility to work from home up to 80% of your time

About the role

This is an exciting opportunity to join the Pricing Development team, responsible for Demand Modelling and Pricing Innovation, offering the prospect of joining an innovative and inclusive team who share common goals and a collective purpose of giving our members exactly what they want at a fair price.

You’ll bring your advanced modelling skills and ability to apply a range of pricing modelling techniques, ideally via writing code in R and using WTW Radar software.

In this role you’ll provide a lead in the development, implementation and testing of general insurance demand and competitor models to ensure effective market understanding and to maintain market par capability. This role gives the opportunity for both hands-on individual work and collaboration with others You’ll benefit from early and increasing involvement in innovative projects, and with access to senior management and leadership teams, you’ll have ample scope and plenty of opportunity to make your mark. Over time, we’ll expect you to grow to be a subject matter expert, able to guide others in best practice and manage a small team.

From day one, you’ll become a valuable member of the Pricing team and a key contributor to the business, where you’ll have a voice, where you can make an impact and where you will continue to grow both personally and professionally. You’ll also find a genuine focus on collaboration and support, helping you become the best you can be, whilst at the same time enjoying a breadth and depth of work, we think you’d find hard to beat.

This role is known internally as Pricing Development Consultant

About you

Able to motivate and improve the performance of those around you, you’re an accomplished Pricing Modelling specialist who’s used to challenging yourself and others to achieve higher levels of quality and output to gain greater results. Ideally with general insurance background in either personal or commercial lines, as well as detailed and up to date knowledge of ‘pricing best practice’, you have:

Proven experience of working in a Pricing team, with personal accountability for the technical development of modelling
Direct involvement in building pricing models, including specific responsibility for the end-to-end design of the model build, whether GLMs/GBMs or Machine Learning methods
Expert product knowledge for the market sector you’re operating in and a proven ability to conduct peer reviews.

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

Salary £55,000 - £65,000 per annum depending on experience
Annual bonus (up to 17.5% of salary)
Contributory pension scheme, up to 20%, including your 8% contribution
25 days annual leave + bank holidays + buy/sell/save holiday trading scheme
A Family Friendly policy that helps you balance your work and family responsibilities
Access to savings at High Street brands, travel and supermarkets
£20 contribution to a monthly gym membership – subject to T&Cs
Health and wellbeing plan - cashback for dentist, opticians, physio and more
Access to voluntary benefits, including health assessments, private medical insurance and dental insurance
Employee Volunteering - volunteer in the community for one day each year
Unlimited access to Refer a Friend £500 bonus scheme
Life Assurance cover of 4 x salary
Employee discounts of 15% on a range of NFU Mutual insurance policies. 

Working at NFU Mutual

We’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being “a great place to work” and we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024.

We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.