Pricing Consultant

Pricing Consultant £55,000 - £65,000 p.a. + up to 17.5% Annual Bonus & Excellent Benefits Stratford upon Avon * Join a large and well-established Pricing Department and work alongside over 90 talented professionals focused on fair and accurate customer pricing * Progress your career in a role which involves being a technical and a people leader with the opportunity to help shape our pricing strategy * Work from home up to 80% of your week or work on a part time basis to allow you to achieve the work/life balance which suits you About the role Based at our impressive Head Office in Stratford-Upon-Avon, this Risk Pricing Consultant role offers you the exciting prospect of joining a supportive and inclusive team who share common goals and a collective purpose of giving our members exactly what they want at a fair price. Reporting to the Risk Pricing Manager, you will focus on developing, recommending and managing the risk price for our Commercial products. You’ll deliver an accurate risk cost that optimises premium strength whilst providing insight into the drivers of cost inflation. Liaising with various stakeholders across the wider business, you will take the lead in a diverse range of pricing activities. This could include projects such as large-scale price builds, claims projections, and costing product changes and propositions. You will be assessing recommendations from a technical perspective with suitable judgement applied. The work that the Risk Pricing team carries out is all related to understanding the costs involved in writing insurance business, often providing insight and transparency to help the business make informed decisions. This role will include line management responsibilities to support the development of a small number of Analysts and Lead Analysts within the team. Additionally, it offers the rare opportunity to contribute to the shaping of the team’s ways of working from day one and comes with excellent skills development and career progression opportunities. About you We are seeking a knowledgeable and dynamic insurance pricing professional who has previously worked in a technical pricing role and taken a leading role in pricing analysis, ideally in relation to Commercial products. You will have prior experience gained within the general insurance sector and will have strong experience of working specifically within the UK general insurance market. Knowledge of Risk Pricing in particular would be preferable, however this is not essential and consideration will be given to professionals with other related focus areas. Experience in Reserving or Capital Modelling within general insurance will be considered. In addition, we will be looking for the successful candidate to be able to evidence the following skills and abilities: * Understanding and forecasting claims inflation * Monitoring the adequacy of pricing assumptions * Analysing complex data, formulating a comprehensive view of relevant risks and delivering commercially sound recommendations * Exceptional relationship building, collaboration and stakeholder management skills * An aptitude for making the complex simple for others Any additional experience in using Radar software, interpreting model outcomes, assessment of external market drivers, and influencing price strategy through formal governance, will only add to an already impressive CV. At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees. We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process. We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background. Benefits and Rewards When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including: * Salary £55,000 - £65,000 per annum depending on experience * Annual bonus (up to 17.5% of salary) * Contributory pension scheme, up to 20%, including your 8% contribution * 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme * A Family Friendly policy that helps you balance your work and family responsibilities * Access to savings at High Street brands, travel and supermarkets * £20 contribution to a monthly gym membership – subject to T&Cs * Health and wellbeing plan - cashback for dentist, opticians, physio and more * Access to voluntary benefits, including health assessments, private medical insurance and dental insurance * Employee Volunteering - volunteer in the community for one day each year * Unlimited access to Refer a Friend £500 bonus scheme * Life Assurance cover of 4 x salary * Employee discounts of 15% on a range of NFU Mutual insurance policies. Working at NFU Mutual We’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being “a great place to work” and we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024. We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future. Closing date for applications: 30th October 2024 Pricing Consultant