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Pricing Analyst - Pet

Policy Expert is on a mission to revolutionize the insurance industry with innovative technology. They are looking for a Pricing Analyst to support the Head of Pricing for Pet insurance.

Skills

  • Strong data manipulation skills using SQL
  • Experience in pricing within an insurance environment
  • Ability to conduct performance and impact monitoring

Responsibilities

  • Provide support in forecasting growth and loss ratio.
  • Conduct regular rate reviews and monitoring their impact.
  • Analyze data sets and recommend initiatives.
  • Produce periodic reporting to senior managers.

Education

  • 2:1 degree in a numerical discipline e.g. Maths, Physics, Econometrics

Benefits

  • Generous Pension contribution scheme
  • Private medical & Dental cover
  • Learning budget of £1,000 a year + Study leave
  • Enhanced maternity & paternity
  • Travel season ticket loan
  • Access to a wide selection of London O2 events
To read the complete job description, please click on the ‘Apply’ button
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Average salary estimate

$60000 / YEARLY (est.)
min
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$50000K
$70000K

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What You Should Know About Pricing Analyst - Pet, Policy Expert

As a Pricing Analyst - Pet at Policy Expert in London, you'll play a crucial role in transforming the insurance landscape while working within a dynamic team. We're a disruptor in the insurance industry, on a mission to offer clear, fair, and excellent value in Home, Pet, and Motor insurance. With over 1.5 million customers and a prestigious title as the UK’s No.1-rated home insurance provider for nine years, we're backed by a leadership team that empowers quick decision-making to adapt to market changes effectively. Your role is pivotal for our Pet Pricing Team, which operates with a fresh perspective as our newest product. You'll support the Head of Pricing - Pet in refining and deploying pricing models that drive our growth. Analyzing vast data sets, forecasting loss ratios, conducting rate reviews, and producing comprehensive reports for senior management are all part of your regular responsibilities. We're looking for someone with at least a year of experience in pricing within an insurance environment and a degree in a numerical discipline like Maths or Physics. Proficiency in SQL and familiarity with rating processes will help you succeed in this exciting opportunity. The benefits are also quite attractive, featuring a hybrid work model, generous pension contributions, private health care, and a dedicated learning budget. If you're looking to grow in a supportive, inclusive workplace that's genuinely committed to employee wellbeing, Policy Expert could be your next career adventure!

Frequently Asked Questions (FAQs) for Pricing Analyst - Pet Role at Policy Expert
What are the core responsibilities of the Pricing Analyst - Pet role at Policy Expert?

The Pricing Analyst - Pet at Policy Expert is responsible for supporting the Head of Pricing by adapting and deploying pricing models, forecasting growth and loss ratios, conducting regular rate reviews, and analyzing data sets to recommend initiatives. You'll also produce periodic reports for senior management, contributing to the success of our new pet insurance product.

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What qualifications are required to apply for the Pricing Analyst - Pet position at Policy Expert?

To qualify for the Pricing Analyst - Pet role at Policy Expert, candidates should have at least 1 year of pricing experience in an insurer environment and a 2:1 degree in a numerical discipline, such as Maths, Physics, or Econometrics. Strong data manipulation skills using SQL and knowledge of rating update processes are also desirable.

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How does the Pricing Analyst - Pet role contribute to Policy Expert's mission?

As a Pricing Analyst - Pet, your work directly supports Policy Expert's mission to revolutionize insurance through innovative technology and data analysis. You will play a key part in ensuring competitive pricing and effective rate reviews, ultimately enhancing the value we provide to our customers.

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What kind of environment can a Pricing Analyst - Pet expect at Policy Expert?

At Policy Expert, a Pricing Analyst - Pet can expect a supportive and inclusive work environment. With a focus on diversity and equal opportunity, our culture fosters autonomy and innovation, allowing employees to make impactful decisions in a flexible, hybrid workplace.

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What kind of benefits do Pricing Analysts - Pet receive at Policy Expert?

Pricing Analysts - Pet at Policy Expert receive a comprehensive benefits package, including a 50/50 hybrid working model, generous pension contributions, private medical and dental coverage, a £1,000 annual learning budget, enhanced maternity and paternity leave, travel season ticket loans, and access to exclusive London events.

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Common Interview Questions for Pricing Analyst - Pet
Can you explain your experience with pricing models in the insurance industry?

Highlight specific experiences where you contributed to pricing strategies, the data analysis involved, and the impact those models had on the company’s performance.

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How do you prioritize tasks when dealing with multiple data sets?

Discuss your approach to project management, maybe mentioning tools you use for organization, how you evaluate the importance of each task, and the steps you take to ensure timely and accurate results.

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What statistical methods do you prefer when analyzing data?

Share specific statistical techniques you've used, explaining why they are effective for the kind of data relevant to pricing analysis in insurance.

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How would you handle discrepancies in data during your analysis?

Explain the steps you take when you uncover discrepancies, including cross-referencing sources, conducting further analysis, and how you communicate findings with your team.

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What role does SQL play in your data analysis process?

Discuss your proficiency with SQL, giving examples of how you've used it to extract, manipulate, and analyze data in your previous roles effectively.

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Can you give an example of a recommendation you made based on your data analysis?

Provide a concrete example that illustrates your analytical skills and how your recommendations positively influenced business outcomes.

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Describe your experience working in a team to carry out pricing reviews.

Focus on collaboration, communication methods, and how teamwork contributed to the successful completion of pricing reviews at your past jobs.

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What challenges do you foresee in the pet insurance pricing market?

Discuss specific challenges you've identified, such as market competition or regulatory changes, and how you would address these challenges from a pricing perspective.

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How do you stay updated with the trends in insurance pricing?

Share specific resources like industry publications, networking with professionals, or formal training you pursue to keep your knowledge relevant.

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What attracted you to the Pricing Analyst - Pet role at Policy Expert?

Articulate your interest in the company’s mission, your passion for data and analytics, and how you believe you can contribute to the pet insurance initiative.

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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$50,000/yr - $70,000/yr
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
January 4, 2025

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