Current Vacancies
Pricing Analyst
Somerset Bridge Group are looking for a Pricing Analyst to join the Retail Price Optimisation team. This is a fantastic opportunity if you have relevant experience either within an insurance pricing role and/or with predictive modelling or problem solving with machine learning. The successful candidate may have some experience with any of the following, but more importantly a desire to develop your skills on the job; Emblem, Radar, Python, R, SAS, SQL or other modelling/optimisation software.
Key Responsibilities:
Within the Retail team you will be working on:
- Focus on customer price optimisation for car insurance, allowing for all broker income streams
- Modelling customer purchasing behaviour
- Modelling market prices
- Modelling customer cancellation behaviour
- Use of machine learning methods to create models using large datasets
- Value Assessments of new factors and datasets
- Monitoring of deployed models and generation of KPI reports
- Monitoring of market rate changes
- Ensuring compliance with model governance and engage wider business to seek signoff for rate change proposals
- Ensuring compliance with GIPP, Consumer Duty and other relevant regulations
- Radar Implementation exercises
Relevant skills/experience/abilities:
- Experience in any of the following: Statistical modelling / data science / machine learning / Pricing / Statistics / Coding / Optimisation
- Some skills within any of the following – Emblem / Radar / R / Python / SAS / SQL or other modelling/optimisation software.
- Ability to communicate with wider business stakeholders
- Ability to understand complex issues
Support for formal qualifications related to the role is available.
Our Benefits:
- Hybrid working – 2 days in the office and 3 days working from home
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- Discretionary annual bonus
- Pension scheme – 5% employee, 6% employer
- Flexible working – we will always consider applications for those who require less than the advertised hours
- Flexi-time
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
- Electric vehicle – salary sacrifice scheme
- 100’s of exclusive retailer discounts
- Professional wellbeing, health & fitness app - Wrkit
- Enhanced parental leave, including time off for IVF appointments
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance - 4 times your salary
- 25% Car Insurance Discount
- 20% Travel Insurance Discount
- Cycle to Work Scheme
- Employee Referral Scheme
- Community support day
- Christmas and Summer parties
Working at SBG
At Somerset Bridge Group we aim to build a sustainable and innovative business focused on underwriting, broking and claims handling of UK motor insurance, offering transparent products and an efficient and fair service to our policy holders.
We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.
Equal Opportunity Employer
Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.
