Senior Risk Pricing Analyst

JOB DESCRIPTION

POSITION: Senior Risk Pricing Analyst

LOCATION: Somerset/ Hybrid

Our client are looking for a Senior Pricing Analyst to join their Risk Pricing team in Somerset. You’ll lead the development of sophisticated pricing and risk models for personal lines insurance, helping to shape data-driven, competitive pricing strategies that support strong financial outcomes and sustainable growth.

What you’ll be responsible for:

• Build and improve pricing models: Lead the creation and refinement of actuarial models used to price personal lines insurance products, ensuring they remain robust, accurate and responsive to market conditions
• Analyse risk and performance: Conduct deep-dive analyses to identify risk factors, trends and patterns; run experience studies and profitability reviews to evaluate model performance and recommend enhancements
• Partner across the business: Collaborate with underwriting, finance, product and other teams to align pricing strategy with wider business objectives and support product development and planning.

What you’ll need:

• Industry experience: 3+ years in a similar pricing/risk modelling role (Personal lines: Home or Motor insurance experience)
• Strong actuarial/pricing background with experience developing and refining models for pricing and risk assessment
• Advanced analytical and problem-solving skills, with a track record of improving approaches beyond traditional risk cost modelling
• Practical programming/analytics capability (e.g., Python and SQL), including data manipulation and model implementation
• Excellent written and verbal communication skills, able to influence non-technical stakeholders

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