Associate Pricing Governance Analyst

As a Graduate/Associate Pricing Governance Analyst, you will play a crucial role in managing the Pricing control framework to ensure compliance with regulatory requirements, legislation, and internal policies. Your efforts will help increase efficiencies within the Pricing department, enabling them to achieve strategic goals while mitigating risks through a robust control framework.

The Department

This role will sit in the Motor Pricing department; it is key department of the organisation, responsible for setting the prices and monitoring performance. The department prices for Car and Van customers but this role may have some involvement with our other insurance products.

The Pricing department is data-driven and responsible for setting prices, writing profitable business, and maintaining our competitive edge in the industry.

What Are We Looking For?

We are looking for someone who is eager to learn how to manage risks, navigate regulatory challenges, and add value through assurance in key decision-making processes. The ideal candidate will be excited about embracing and embedding risk management, and curious about the benefits it brings.

You will be trained to support the business in running existing governance requirements, identifying improvements, and designing and implementing new processes to enhance our department and organisation. A key part of the role is to review and analyse plus you will have the opportunity to enhance your skills to learn to code and create detailed reports.

In an area that’s constantly developing, you’ll need to have the desire and ability to drive your own learning and understanding. While existing experience in Pricing, Compliance or Governance would be beneficial, it isn’t essential, as training will be provided.

Main Duties

Your responsibilities will include, but are not limited to:

• Supporting the Pricing Department to adhere to the Group’s policies and promoting good governance practices.
• Assisting with requests and requirements from authorities like the FCA, including Fair Value Assessments and GIPP Attestations.
• Developing and maintaining controls within the department to prevent and detect risks.
• Writing documents and papers to assist the department.
• Creation of data sets and analysing data sets, to highlight trends and recommend positive changes.
• Supporting the department with risk management and governance queries.
• Building strong relationships with other departments and key stakeholders to ensure risk events and projects are managed smoothly and efficiently.
• Reporting on department activities through various forums.

Essential Skills & Experience

• Strong communication and interpersonal skills, with the ability to articulate issues concisely to key stakeholders at various levels and in various forums.
• Numerical skills to understand pricing impacts and outcomes, and the ability to find creative solutions to support the business in managing risks and issues effectively.
• Understanding of various regulators’ expectations and industry trends.
• A balance of being both customer and commercially focused.
• Ability to work independently and drive projects forward with minimal supervision.
• Proven ability to manage multiple tasks and priorities in a fast-paced, dynamic environment.
• Ability to work on multiple and varied areas concurrently.

Location

We offer a flexible hybrid working model, with team members expected to be in our Cardiff office two days per week. The remaining days can be worked remotely, giving you the balance of in-person collaboration and home-based productivity.

What’s In It For You?

• Work-life balance: Flexible and hybrid working (2 days per week in the office).
• Learning new skills: Full training will be provided on how to use statistical tools and software. Other skills such as presenting, challenging and influencing decision will be provided.
• Career progression: Fast-growing department within Pricing Governance and numerous opportunities to progress.

Admiral: Where You Can 

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service. 

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave. 

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics. 

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here. 

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