Principal Pricing Analyst - Retail Motor Portfolio Pricing

Role Description

We have a new opportunity for a Principal Pricing Analyst within our Retail Motor Portfolio Pricing team in London.

As motor is our largest product, this role offers the opportunity to drive innovation that adds significant value to the business. You will use your insurance market knowledge and pricing expertise to develop and implement optimisation strategies that enable us to deliver on our business objectives. We work closely with the wider Retail business to manage our Trading performance and with our Technical Excellence Pricing colleagues, so building and maintaining strong relationships is key to us achieving our goals.

You will be a core pillar in maintaining good risk selection, help shape technical and customer prices, allowing for continued profitable account growth. You will take a leading role in enhancing what we do, working closely with colleagues across the business areas as you forge strong and mutual relationships with stakeholders.

About You

We don't expect you to know everything from day one, but the following will enable you to hit the ground running:

• Proven experience in working with large data sources and a good command of Python, SQL, SAS or similar coding languages
• Experience of Willis Towers Watson software suite mainly focused on Radar and Emblem
• Good understanding of the various elements of the price we set, and how we can optimise this to deliver business targets
• Good stakeholder management skills, including communication, expectation management and the ability to convey technical concepts to a non-technical audience
• Ability to build and maintain relationships throughout both the Pricing Department and the wider business
• Knowledge of relevant statistical modelling methods and machine learning techniques
  
  

In addition you will be quick to learn, with the ability to prioritise activities and work accurately to tight deadlines, always remaining responsive to the needs of the business

Ideally you will hold a highly numerate degree, and have experience of applying your knowledge in a business environment. A background in either Motor or Home General Insurance Pricing is helpful but not essential.

The Details

Your role will vary day to day, but here is a bit of what you can expect:

• Carry out and support the team to deliver pricing analysis
• Coordinate the delivery of technical projects to improve underwriting performance against common technical modelling standards and adherence to data controls
• With your manager, define, set priority and report on status of project work and rate reviews / analysis to support product and pricing development
• Oversight of pricing and underwriting monitors, ensuring key points are raised to the wider business
• Support manager in Pricing meetings through presenting and contributing to outcomes
• Assist in coaching and developing other colleagues within the team to ensure constant up-skilling.
• Keep abreast of developments in the Company and wider UK insurance market
• When required, to deputise for your manager and contribute to pricing strategy
  
  

What We Can Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider LV=GI Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• 30 days' holiday
• A competitive pension for which LV= will pay twice the amount you pay, up to 14%.
• An annual bonus scheme based on company and personal performance.
• A flexible benefits package (e.g. discounted retail vouchers, great value dental insurance).
• Private medical insurance which you can upgrade to family cover.
• ElectriX EV salary sacrifice scheme.
• A generous 25% discount off our general insurance products including home, pet and travel as well as up to 50% discount on your car insurance.
  
  

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. 

We are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Diversity & Inclusion

At LV=GI we value diversity and inclusion, demonstrated by our numerous accreditations; EDGE certified for gender inclusion, Women in Finance Charter, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.

We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

[email protected]

[email protected]

LV= General Insurance | Part of Allianz