Senior Pricing Analyst

We're looking for a Senior Pricing Analyst – Commercial Motor Insurance to join our newly formed team at Admiral Pioneer! 

About Pioneer

Disruptive. Customer Centered. Transformational.

Admiral Pioneer exists within Admiral Group as a venture studio, providing the greenhouse in which to grow new businesses. We’re leveraging Admiral’s strengths to deliver commercially strong businesses that answer the financial needs of new audiences and respond to emerging opportunities.

We seek to disrupt the markets we enter, taking a truly customer-centric approach. We achieve this by experimenting and proving new products, business models and partnerships through a disciplined, discovery-driven approach.

About the role

Please note: this is a hybrid role based in our Cardiff office 1-2 times per week.

As a Senior Pricing Analyst, you will be responsible for analyzing and developing pricing models for commercial motor insurance products. This role is highly autonomous, offering the opportunity to have a direct influence on the pricing strategy and overall success of the business. Your insights and analyses will contribute to data-driven decision-making, guiding the development and execution of pricing strategies that support business growth and profitability.

Key Responsibilities:

• Pricing Strategy & Analysis: Lead the development, implementation, and optimization of pricing models for commercial motor insurance products. Conduct detailed pricing analyses to ensure competitiveness and profitability across various lines of business.
• Data Analysis: Utilize advanced data analytics to evaluate historical trends, identify emerging risks, and assess market conditions to inform pricing decisions.
• Model Development & Testing: Design, validate, and refine pricing models and tools, applying industry best practices and cutting-edge technology.
• Collaboration & Communication: Partner with cross-functional teams (e.g., underwriting, product development, risk management) to provide strategic pricing insights and recommendations.
• Reporting & Presentation: Develop and present pricing reports, dashboards, and presentations to senior stakeholders, clearly communicating findings and strategic recommendations.
• Market Research: Stay informed about market trends, competitor activities, and regulatory changes to ensure that pricing strategies remain competitive and compliant.
• Leadership Development: Over time, you will have the opportunity to take on additional leadership responsibilities, with the potential to grow into a Head of Pricing role as the team expands.

Required Skills & Experience

• 3-5 years of experience in pricing analysis, preferably in the commercial insurance sector.
• Strong knowledge of pricing models and data analytics within the insurance industry.
• Experience with statistical tools and software (e.g., R, Python, SQL, Excel) for data analysis and model development.
• Strong problem-solving skills with a proven ability to analyze complex datasets and make data-driven recommendations.
• Excellent communication skills, with the ability to present complex analyses to non-technical stakeholders.
• 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.

Desirable skills

• Experience with pricing optimization tools or machine learning techniques for pricing.
• Understanding of commercial insurance products and underwriting principles.
• Experience in a start-up or rapidly growing team environment would be beneficial.

What’s in it for you

• Autonomy: With the opportunity to shape pricing strategies and develop new models, this role offers significant autonomy to drive change and influence key decisions.
• Career Growth: As Admiral Pioneer grows, so too will your role, with the potential to step into a Head of Pricing position as the team expands.
• Innovative Environment: Join a newly formed team within Admiral Group, where innovation and creativity are encouraged to tackle the challenges of commercial insurance pricing.
• Competitive Salary & Benefits: Along with a competitive salary, we offer an attractive benefits package and performance-based incentives.

Salary, Benefits and Work-Life Balance

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.

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