Join to apply for the Pricing Analyst role at Somerset Bridge Group
Join to apply for the Pricing Analyst role at Somerset Bridge Group
Somerset Bridge Group provided pay range
This range is provided by Somerset Bridge Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Location: Bristol
We are recruiting for a Pricing Analyst to join the Risk Pricing team within our Underwriting department. This role will play a critical role in contributing towards the delivery of Risk Pricing Objectives, in line with company goals, through innovation, collaboration, and self-development initiatives relevant to Risk Pricing.
The role is integral to providing data-driven insights to the Risk Pricing team, leveraging advanced analytics to influence pricing and related business decisions; this will also be about your development and ability to acquire / contribute essential pricing techniques / acumen. Focus will be on analysts who focus on aspects such as risk models, monitoring, data evaluation.
What you'll be responsible for:
Data Analysis and Reporting:
* Collect, organise, and analyse large datasets to support pricing decisions and evaluate risk exposure. Provide actionable insights and recommendations to the Risk Pricing team.
* Collaborate with members of Risk Pricing to develop, test, and implement Risk Pricing models, ensuring accuracy, robustness, and compliance with regulatory requirements. Includes use of Emblem, Radar and Machine Learning techniques.
* Support management and monitoring initiatives through statistical / actuarial investigations involving rate actions and impact assessments.
* Analysis of new and existing data sources to generate new variables used in modelling.
* Support the evaluation of risk metrics and identify trends in customer behaviour or claims metrics that influence pricing strategies.
Stakeholder Engagement:
* Work closely with cross-functional teams, including underwriting, pricing and actuarial departments, to ensure that risk pricing strategies are well-aligned with broader business goals. Includes preparing reports to the required standard for internal sign-off and planning.
* Contribute to the enhancement of pricing methodologies and tools, identifying inefficiencies and suggesting innovative solutions.
Documentation & Compliance:
* Ensure all pricing processes and models are well-documented and adhere to internal controls, regulatory requirements, and best practices.
* Support the Pricing Manager and work closely with other analysts to deliver team objectives and support project planning initiatives
Team Support:
* Support development of Graduate Pricing Analysts through ad-hoc training and support.
What you'll need:
* 1+ years relevant experience within Insurance / Financial Services industry.
* Bachelor's degree in a quantitative field such as Mathematics, Statistics, Actuarial Science, Data Science, Economics, or a related discipline. Advanced degrees or additional certifications are a plus.
* Familiarity with programming languages (e.g. Python, SQL, SAS) and statistical software. Proficiency in Microsoft Excel and other data visualisation tools is a plus. Experience with Industry specific-software (e.g. Emblem and Radar) is advantageous.
* Strong aptitude for data analysis, statistical techniques, and problem-solving. Ability to draw meaningful insights from complex datasets.
* Comfort with mathematical and statistical concepts, including probability, regression analysis, and predictive modelling.
* Precision in handling data, models, and reports to ensure accuracy and reliability.
* Ability to translate complex technical findings into clear, actionable insights for both technical and non-technical stakeholders.
* Strong teamwork and interpersonal skills to effectively work within a multidisciplinary environment and support development of junior colleagues. Capacity to prioritise tasks, meet deadlines, and manage workload effectively in a dynamic environment.
* Hybrid working – 2 days in the office and 3 days working from home
* 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
* Discretionary annual bonus
* Flexible working – we will always consider applications for those who require less than the advertised hours
* Flexi-time
* Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
* Electric vehicle – salary sacrifice scheme
* 100’s of exclusive retailer discounts
* Professional wellbeing, health & fitness app - Wrkit
* Enhanced parental leave, including time off for IVF appointments
* Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
* Life Assurance - 4 times your salary
* 25% Car Insurance Discount
* 20% Travel Insurance Discount
* Cycle to Work Scheme
* Employee Referral Scheme
* Community support day
About Somerset Bridge Group
Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry. Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers. Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance. With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.
We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.
Equal Opportunity Employer
Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.
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