Admiral has always considered our Pricing department to be a fundamental cornerstone of the successful growth of our business. As the market continues to evolve and we continue to develop the way we work, we are looking for driven, skilled, and experienced Pricing Analysts to join us. We have opportunities available in;
- Car Retail Pricing
- Car Risk Pricing
- Van Pricing
- Cross-Product Pricing
- Household Pricing
- International Pricing
Car Retail Pricing
The focused Car Retail Pricing team is relatively new, and we’re looking for a Senior Pricing Analyst to support the establishment of this new team in a critical part of the business and to help set and drive the strategy of our Retail Pricing. The Retail Pricing team is responsible for a variety of topics, from understanding the market and our competitivity at new business, through to our specific renewal pricing, focussing on elements of pricing outside of claims risk prediction.
The team works closely with other areas of the business to support the development of new products and offerings and to increase the profitability of the risks we write across all income streams.
Car Risk Pricing
The Car Risk Pricing team is responsible for calculating the price we charge to cover the risk of a customer making a claim in the future. We use data supplied to us by the customer and numerous internal and external data sources to set the most accurate price possible. We are constantly looking for ways to optimise our prices either through using new data or by maximising the use of existing data.
Van Pricing
Despite its impressive growth and progress since its launch in 2017, Admiral Van has very ambitious plans to grow further and is looking for a Senior Pricing Analyst to support our growth. The Van Pricing team is responsible for all aspects of setting the prices for our Van customers. This requires us to understand and consider a variety of topics, such as claims risk and profitability, combined with an awareness of the wider Van market in order to support the Van product in continued strong and profitable growth.
Cross-Product Pricing
The Cross-Product Pricing team is responsible for pricing work that spans across all the Admiral products (Motor, Home, and Travel, etc.) and provides an excellent opportunity to learn about multiple pricing disciplines. An exciting opportunity has arisen for a Senior Pricing Analyst within the team. This role will support management in establishing and embedding the team, tackling some of the more complex analysis work. The successful candidate will have line management responsibility for Pricing Analysts. The role also requires having strong communication and collaboration with Data Protection and IT teams.
Household Pricing
It’s an exciting time to be involved in Household at Admiral. Household Insurance is a key part of Admiral’s strategy for the upcoming years. In the 8 years since we launched our Household product, we have grown to over 1.1m customers and we are looking for talented Senior Pricing Analysts to join our Pricing team and help us drive forward our ambitions for further growth in this market.
International Pricing
Our International Pricing team is responsible for providing support and guidance to our businesses worldwide. Senior Pricing Analysts will work together with our colleagues and teams in the UK and overseas, running pricing models and using statistical tools to understand and analyse the numbers and make proposals to improve the pricing structure in our operations. Our new emerging products and overseas operations have ambitious growth plans and sharing best practices, innovation, and using knowledge and experience in one country to improve our risk selection and processes in other countries and entities plays a key role to be successful.
Main responsibilities for all Senior Pricing Analyst roles
- Analysing our pricing structures and past performance to improve risk selection
- Assessing the usefulness of new data sources, both external and internal
- To support some of the more complex and detailed projects within Pricing
- Communicating results and ideas to key decision-makers across different group companies, including Heads of Department and CEO/COO
- Collaborating with peers in pricing and with stakeholders from all relevant areas of the business
- Coaching/mentoring team members
- Supporting with the management and development of the Pricing Analysts and other junior members of the team
This is not a full definition of the roles but covers the main aspects and drivers for success.
About You
We are looking for a creative, innovative, and ambitious individuals, with 2 years + experience in Pricing within a UK general insurance company, who have a track record of finding insight in data, can take ownership for driving forward change, and has a passion for sharing knowledge. Ideally, you will have some experience in a mentoring/coaching role (although no formal management experience is required).
Qualifications
- A degree, 2:1 (or equivalent) or above in a STEM or strong numeric discipline
Essential Skills and Experience
- Strong quantitative and analytical skills supported by a solid academic and work background
- 2 years + in any general insurance pricing role
- Experience of working with SAS or similar packages
- Proactive and creative approach to taking initiative and getting things done
- Willingness to learn from the bottom up and put in the time to acquire the necessary technical skills
- Team player with proven ability to collaborate and build relationships
- Excellent interpersonal and communication skills (both written and verbal)
- Personality and a sense of humour (we believe work should be fun!)
Desirable Skills and Experience
- Experience of GLM and/or Machine Learning techniques and software such as Emblem is an advantage
- Ideally, you will have some coaching/mentoring experience (inside or outside of work)
Additional Information
Reporting to
In this role, you will work closely with our whole Pricing leadership team and report to one of our Pricing Managers.
Development and progression
We’re a big believer in personal development and preparing you for success in this role as well as your next. We’ll provide a range of on-the-job training as well as other opportunities to learn all the key skills you’ll need. There is fantastic opportunity for progression and development from this role, presenting opportunity to speedily progress your career within Pricing at Admiral.
Working Arrangements
Due to COVID, the whole Pricing team is working remotely. We will provide you with everything you need to work comfortably from home. We expect you to be working remotely for the foreseeable future. However, once it is safe to return to the office, we will have days when the whole team comes together to collaborate. You can decide if you want to come to the office between 2-5 days per week.
Department
If you would like to find out more about the opportunities and why you should join our Pricing department at Admiral, take a look at Admiral Life where you will find exciting and interesting testimonials from our Pricing colleagues. You can also discover some more information on our Pricing and Advanced Analytics life section on LinkedIn.
Salary, Benefits and Work-Life Balance
We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.
As the only FTSE 100 Company headquartered in Wales and ranked one of the best big companies to work for by the Sunday Times, Admiral is an exciting place to take your career. We are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure colleagues have a great work-life balance; it's one of the reasons we are proudly the only company to have been named one of the Best Companies to Work For every year since 2001. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.
You can also view some of our other key benefits here; https://admiraljobs.co.uk/employee-benefits/.
Please note, we are unable to accept CVs via email. If you would like to apply for the position, please click "Apply".
#LI-SE1
