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Pricing Analyst - Veygo

Business Role Type
Business Support Role
Business Support Departments
External Closing Date

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Veygo Pricing Analyst

Job Purpose:

This is a unique opportunity to join the growing team of Veygo, a new and ambitious InsureTech venture backed by the Admiral Group (UK no.1 car insurance company).

Veygo has been created in order to provide great insurance and mobility products in a world where people don’t own cars anymore. Our first 2 products - Car Sharing Insurance and Learner Driver Insurance - allow drivers who don’t own a car to be insured whilst they borrow someone else’s car for any duration between 1h and 30 days. We are actively working to release new products in 2018, and beyond.

As a startup owned by a FTSE 100 Company, our goal is to get the best of both worlds:

We are setup as a separate business with our own P&L, independent IT systems built and owned by Veygo and teams that are able to cover all key missions (marketing, IT development, customer service, claims handling).

We have all the financial backing of Admiral and access to all their great pricing, claims and data experience.

A key part of our team is our Lean culture: it frames how we approach technology and product development (with weekly sprints, small scrum teams, and continuous deployment); it helps us keep our customers at the heart of what we do; it gives everyone confidence that they can make a difference, and help us get a bit better every day.

Veygo is growing fast and we are looking for a talented individual to reinforce our newly created Data and Pricing team. We are based in Cardiff, Wales.

Main Duties:

  • As a Pricing Analyst, you will be joining our new Pricing and Data team at Veygo and will help us find the best balance between aggressive pricing and efficient risk selection. You will:
  • Identify and research the most relevant pricing changes and build a convincing case for their release
  • Work with our Product Owners and Developers to ensure proper implementation of your rate changes
  • Be an advocate for a test and learn approach to Pricing based on repeat tests and quantified definition of success               
  • Create meaningful datasets for modelling and analysis from a vast quantity of data in multiple formats.
  • Work with other teams within Veygo to understand and solve customers’ problems
  • This is not a full definition of the role but covers the main aspects and drivers for success.

Experience and Qualifications Required:

  • Educated to degree level, with a 2.1 or above (ideally in a numerical subject, such as Maths, Physics, Computer Science etc)
  • The ability to combine analytical thinking based on numbers together with common sense and imagination
  • A willingness to dive into details
  • An interest in working in a Lean environment with a test and learn, MVP mindset