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Risk Pricing Analyst

London, UKCommercial (UK)Permanent (Full-Time)Risk Pricing

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We’re Simply Business
We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 750,000 active insurance policies, we protect builders, bakers, landlords, and more than 1,000 other trades. 

We’re a B Corp too, which recognises our strong track record of having a positive impact on people, society and the environment.  

But what’s it like to work here? Here are three reasons why Simply Business could be your next employer

We Embrace Individuality We value what’s important to each and every SBer. Whether that be providing access to cutting edge wellbeing support, or being part of one of our many diversity networks and communities.  We also take personal development seriously - we’re all about enabling big dreams.


We Trust Who We Hire We empower SBers with choice and flexibility to make the right decisions based on the needs of their roles and we’ve been working this way long before Covid19. 
There’s no one-size-fits all solution when it comes to how often we get together in person, so all of our people and teams find the rhythm that suits them best when it comes to working from home or hub.
We’re innovative We've created a place for people to be curious, experience new things, and bring unique ideas to the table. If you want to learn how we do all this - head over to our Careers page where you’ll see us walk the talk 

If Simply Business sounds like the kind of place you’ll thrive, we’d love to hear from you.

We need a Risk Pricing Analyst to join us in London!

Most insurance businesses have pricing and analytics functions that look into the latest data, utilising the latest techniques and build fantastic tooling to ensure their understanding of insurance costs are at the forefront of decisions.

Some insurance businesses have pricing and analytics functions that calculate frequency and severity of future losses as well as truly understanding customer demand.

Few organisations can leverage these tools and insight to truly transform customers’ experiences, making our insurance valuable for those buying whilst profitable for both our business and our insurer partners.

As a Risk Pricing Analyst you will:

  • support the development of the pricing team
  • support the development of more junior colleagues in the team through training and coaching.
  • create strong relationships with key partners across the business
  • be exposed to a range of exciting opportunities to develop your skills as we look to add sophistication to our pricing models by applying a mix of traditional and advanced pricing techniques
  • support the wider team through the delivery of core rate reviews
  • own, develop and maintain analyses to monitor and improve the existing models
  • develop pricing recommendations and new pricing concepts that will assist in maintaining MGA’s competitive position without adversely affecting profitability
  • evaluate new product propositions in order to identify potential profitability and recommend an appropriate price position
  • support the underwriting team in footprint reviews, providing recommendations for price changes required or the appropriate price point when moving into new areas

Responsibilities include:

  • monitor and analyse the performance and profile of the MGA’s portfolio from a risk perspective
  • identify and monitor market trends
  • ensure adequate tests and controls are in place to prevent rating errors
  • contribute to the production and maintenance of risk pricing models
  • to innovate, develop and recommend new and enhanced management information
  • to support the Head of Risk Pricing and Risk Pricing Manager
  • participate in internal and external meetings where required

What we are looking for:

  • a highly numerate and proactive candidate
  • experience in a statistical role within insurance is a desirable
  • understanding of pricing software. Experience using Earnix or Emblem will be an advantage
  • excellent analysis skills, with the ability to transform data into actionable intelligence. Experience using SQL, R, and Python will be an advantage, but is not required
  • capacity to learn new software tools for data manipulation & statistical modelling
  • self-motivated, with the ability to work on own initiative and to deadlines.
  • ability to deal with and influence colleagues at all levels of the business.
  • ability to present complex information in a manner suited to the target audience.
Our culture is inclusive and diverse

Our mission is to make Simply Business synonymous with fairness, belonging and inclusivity. We won’t be happy until we’ve created a truly inclusive culture – where every employee, whatever their background, role, or location, feels comfortable being their authentic self at work.

We all have a part to play – to learn more, to do more and to go further – in building this new reality that’ll be befitting of the diversity of the customers we serve. At Simply Business, we’re all in.

What are the benefits?

At Simply Business, our benefits let you balance life and work properly:

flexible parental leave – you can choose to take shared parental leave, plus we offer full pay for the first six months of your maternity leave and four-week fully paid paternity leave, subject to meeting the qualifying criteria
remote working – more of us are currently working remotely than usual, but longer-term you can balance working remotely with working in the office, giving you the opportunity to connect with colleagues
mental health and wellbeing resources – we take your wellbeing seriously, giving you access to counselling (through our Employee Assistance Programme) as well as technology to support your mental health (through the Unmind app)
paid sabbatical – two weeks off when you’ve been here for five years and four weeks off when you’ve been here for 10 years
a dedicated learning platform – including a management and leadership programme – the platform lets you balance both work and life goals

And we compensate you fairly:

• a competitive salary that reflects your experience, our pay policy and the market we’re in from your first day
• the potential to earn an annual bonus based on business performance (those on commission-led roles will be rewarded monthly)
• we match what you put into your pension up to five per cent
• a health cash plan reimburses your everyday medical expenses (with the opportunity to increase the level of your plan in your flexible benefits)
• a generous holiday entitlement of 25 days annual leave, plus bank holidays
life assurance of four times of your basic salary
Smart Health services including unlimited access to a 24/7 virtual GP
• a flexible benefits scheme with an allocated allowance each year to choose from benefits including private medical insurance, dental insurance, travel insurance, up to five days extra holiday, and gym membership

These values are important to us and our people
 
- Learning
- Empowerment
- Authenticity
- Pioneering
- Simplicity

These all mean something unique to every person at Simply Business, but if you’re thinking about working here, give them some thought. They’re at the heart of our story.

Apply now

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© Copyright 2021 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.