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An exciting time to join our newly established and growing pricing team here at John Lewis Partnership. You’ll be involved from the launch of the broker and have the ability to truly influence the direction of pricing modeling and reporting. As Pricing Analyst you will have responsibility for supporting the pricing strategy for our motor or home insurance product through the delivery of price optimisation models. You will be known for your technical expertise and communication skills, delivering price optimisation models based on sound data analysis and statistical expertise to deliver target volumes and profitability whilst ensuring value for the customer. You will monitor the performance of your models through a set of pricing dashboards and provide actionable insight to help the further refinement and improvements. You will have the opportunity to develop and stretch personally and professionally to achieve your potential.
Job Responsibility:
Delivering robust behavioural, demand, and market premium models in Earnix, compliant with regulations, and delivering ongoing value for customers and the business
Develop in-depth knowledge of the motor or home market
Maintaining and enhancing Earnix LTV models with robust assumptions to deliver reliable lifetime value insights for responsible pricing and customer value
Provide a range of pricing options for consideration to the Senior Pricing Manager with suggested recommendations, with a particular focus on generating insights and value from our proprietary retail data
Monitor the effectiveness of implemented pricing strategies, track key performance indicators (KPIs), and prepare detailed reports and presentations for senior management and stakeholders
Manage and deliver projects as assigned by the Senior Pricing Manager
Supporting the specification of monitoring and controls that will ensure continued compliance with all relevant regulations
Responsible for compliance with John Lewis policies & procedures within the legal and regulatory framework
Requirements:
Suitable numerate degree or apprenticeship
Knowledge of retail pricing data and modelling techniques
Proven experience of motor or home insurance pricing
Experience with any coding language
Good knowledge of general insurance principles, products, and practices
Experience building predictive models for general insurance
Good knowledge of relevant regulations especially GIPP and Consumer Duty
Excellent communication and presentation skills
Ability to work independently and as part of a team
Good business judgement
an ability to solve complex issues with pragmatic solutions
What we offer:
Leisure Learning: up to £200 towards certain tutored courses
Partner Discount: 25% off at John Lewis and 20% at Waitrose