Principal Analyst – Pricing Analyst
An excellent opportunity for a Principal Pricing Analyst to work within our thriving Loss Cost Modelling team. Work from home 80% of your time with 20% at Head Office.
About the role
As a Principal Analyst, you’ll play a key role in setting fair and accurate prices across our diverse portfolio of products, using advanced analytical and modelling techniques to predict claims behaviour and inform pricing decisions. You’ll act as a technical role model within the Pricing function, applying your general insurance pricing expertise to design, build and maintain loss cost/risk models. This includes extracting, validating and analysing data, identifying underlying trends and drivers of performance, and translating complex outputs into clear, meaningful insights that support decision‑making and wider business objectives.
Alongside your technical contribution, you’ll support the development of the wider analyst community by reviewing work, providing guidance and sharing knowledge. This role includes coaching and technical mentoring of less experienced analysts, but does not involve formal line management responsibilities.
About you
* Strong blend of technical pricing expertise and interpersonal skills, with the ability to analyse complex data, build robust models and translate outputs into clear, meaningful insight.
* Proven experience in general insurance pricing, supported by strong analytical skills and experience managing, analysing and visualising data to identify trends, risks and opportunities.
* Experience building and maintaining loss cost/risk models, including Generalised Linear Models (GLMs), with the ability to interpret outputs and translate them into clear business insight.
* Hands‑on experience with pricing and analytical tools, with exposure to at least two of the following being essential: EMBLEM, Radar, R, SQL.
* Strong communication, storytelling and stakeholder management skills, adapting your style to influence, inform and engage a wide range of audiences.
* Effective problem solving and critical thinking, working collaboratively as part of a team and contributing positively to shared goals.
* Experience coaching, mentoring or supporting the development of others, building capability through collaboration rather than formal line management.
* Experience using Python and building Gradient Boosting Models (GBMs), or exposure to other advanced modelling techniques, would be desirable but is not essential.
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
* Salary up to £60,000 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.
* 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.
* Salary sacrifice employee car scheme – subject to eligibility.
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