The RAC currently have an exciting new Senior Pricing Analyst position within their Insurance Pricing Team on a permanent basis. The role is based in the Bristol office on a hybrid basis with the expectation of being in the office two days a week.
RAC Insurance operates as a broker within the personal lines insurance market and has big ambitions to grow in this area.
What You’ll Do…
The core function of this role is to develop advanced analysis of insurance data. You will use mathematical and statistical techniques to inform pricing decisions that ensure profitability is maintained whilst maximising growth. You will also:
- Run analyses to understand the drivers of trading performance
- Proactively explore and identify opportunities for pricing changes that deliver business and customer value
- Develop and maintain projections of future performance and provide solutions to mitigate pressures on business targets
- Carry out scenario and sensitivity analyses that inform what-if business questions
- Imagine and develop innovative data assets through proof-of-concept solutions that demonstrate superior value to existing processes
- Discover and present pricing insights to stakeholders from other business areas
- Collaborate with other members of the Pricing team and support the development of junior members of the team.
What You’ll Need…
We are looking for people who thrive in a fast-paced commercial environment and can prioritise their work effectively to deliver agreed objectives. You'll also be:
- Highly numerical and comfortable operating in a data rich environment
- Curious about insurance pricing
- Strong communicator able to work closely and build trust with stakeholders from other business areas
- Able to boil down complex problems into simple and effective business recommendations
- Capable of building powerful narratives with data
- Able to operate (and thrive) in fast-paced environments
- Capable of prioritising effectively and working under pressure
- Comfortable dealing with uncertainty to develop ‘robust’ outputs on time
You will need A-level Maths Grade A or above. Experience of insurance pricing or predictive modelling is desirable but not essential. Strong software skills (experience of Excel, SQL, Python or similar) are a bonus.
In return, we offer:
At the RAC, our colleagues do whatever it takes to help our customers. And we believe in rewarding you in return. As well as a competitive salary, there’s also an annual bonus scheme in place. Plus, you’ll have all these extra benefits:
- FREE RAC Breakdown cover from day one
- Colleague Share Scheme – a unique opportunity to become an owner of our business and share in the future success of the RAC!
- Car salary sacrifice scheme – including offers on electric vehicles
- Hybrid working
- Group Life Assurance of up to 4 x salary
- Health and wellbeing benefits – including healthcare cash plan and private medical insurance.
We’re committed to developing a culture that is representative of the diverse communities we serve and one which is open, accessible, collaborative, and inclusive. We welcome applicants of all backgrounds and experiences.