Senior Pricing Analyst

at  Lloyds Banking Group

End Date
Tuesday 09 April 2024
Salary Range
£45,954 - £51,060
We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working
Job Description Summary
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Job Description
Job title: Senior Pricing Analyst
Salary: £45,954 - £60,638 *depending on actuarial exam qualifications
Location: Leeds or South Wales
Hours: Full-time
Working Pattern: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About the role:
This role offers a superb opportunity to become part of our General Insurance Customer Pricing team, working in a team that sets home insurance premiums across multiple brands and distribution channels.

What you’ll be doing:

• Lead key trading activity within the Customer Pricing team, analysing the market and implementing price changes
• Developing the skillset in the pricing team by mentoring junior analysts and assisting with team workflow
• Drive innovation and improvements within pricing, utilising new data and enhanced modelling techniques
• Analysing key reports and adding insight to help steer pricing strategy
• Production and validation of large complex datasets
• Managing ad hoc requests for pricing analysis and leasing with teams across GI
• Ensure that modelling adheres to model development and peer review standards

Why Lloyds Banking Group?
Join us and, as well as making a difference to customers, you’ll enjoy a fulfilling career where you’re free to be yourself. Great colleagues, transforming workspaces, hybrid working and a wide variety of career opportunities – you’ll find them all here.
What skills & Experience you’ll need…

As the role focuses on analysis of performance and improving our specialist suite of pricing models, candidates should be able to demonstrate strong analytical skills and be comfortable handling large amounts of data.

• Experience working in a pricing or analytical role.
• Evidence of applying analytical techniques to large data sets or statistical modelling.
• Will be comfortable operating in a highly numerate environment and communicating this output out across a range of audiences.
• Skilled at planning and prioritising work to meet commitments aligned with organisational goals.
• A numerical or statistical background (perhaps evidenced through a higher qualification in a quantitative field such as Mathematics or Finance)

About working for us …
Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.
We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, build a menopause health package, and a dedicated Working with Cancer initiative. And it’s why we especially welcome applications from under-represented groups. We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• A discretionary annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies
• Support to achieve your actuarial exam qualifications

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey!
At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you’ll have many opportunities to learn, grow and develop.
We keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference

What you’ll be doing:

• Lead key trading activity within the Customer Pricing team, analysing the market and implementing price changes
• Developing the skillset in the pricing team by mentoring junior analysts and assisting with team workflow
• Drive innovation and improvements within pricing, utilising new data and enhanced modelling techniques
• Analysing key reports and adding insight to help steer pricing strategy
• Production and validation of large complex datasets
• Managing ad hoc requests for pricing analysis and leasing with teams across GI
• Ensure that modelling adheres to model development and peer review standard

As the role focuses on analysis of performance and improving our specialist suite of pricing models, candidates should be able to demonstrate strong analytical skills and be comfortable handling large amounts of data.

• Experience working in a pricing or analytical role.
• Evidence of applying analytical techniques to large data sets or statistical modelling.
• Will be comfortable operating in a highly numerate environment and communicating this output out across a range of audiences.
• Skilled at planning and prioritising work to meet commitments aligned with organisational goals.
• A numerical or statistical background (perhaps evidenced through a higher qualification in a quantitative field such as Mathematics or Finance