Pricing Analyst

It is an exciting time to join our newly established pricing team within John Lewis Financial Services. Following the launch of our broker, you will have the unique opportunity to influence the direction of our modeling and reporting from the ground up

As a Pricing Analyst, you will:
Innovate: Develop and deliver price optimisation models for Motor or Home insurance.

Integrate: Use your technical expertise to blend traditional insurance metrics with our proprietary retail data — a data set unique to the Partnership.

Impact: Monitor performance via bespoke dashboards, providing actionable insights that directly influence our strategy.

In addition to your contractual pay, any time worked between 22:00 - 06:00 will attract Night Premium at a rate of £4.75 per hour. This will also apply to existing Partners who have enrolled onto Enhanced Hours Premium arrangements.

• Salary Expectations:- Up to £45,000 depending on experience. 

• Working pattern/flexible working - The Partnership has adopted a hybrid working approach, meaning you'll be able to work a mixture between the office and home based upon your personal needs whilst balancing the needs of the business. The team meets in the office 1 day a week to connect.

Key responsibilities

• Providing 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.

• Delivering robust behavioural, demand, and market premium models in Earnix, compliant with regulations, and delivering ongoing value for customers and the business.

• Maintaining and enhancing Earnix LTV models with robust assumptions to deliver reliable lifetime value insights for responsible pricing and customer value.

• Monitoring the effectiveness of implemented pricing strategies, track key performance indicators (KPIs), and prepare detailed reports and presentations for senior management and stakeholders.

• Supporting the specification of monitoring and controls that will ensure continued compliance with all relevant regulations

• Ensure adherence to John Lewis policies and procedures, operating within all legal and regulatory guidelines.

Essential skills/experience you’ll need 

• Suitable numerate degree or apprenticeship i.e Mathematics, Statistics, Actuarial Science or similar

• Minimum of 1 years' experience in motor or home insurance pricing.

• Expertise in SQL.

• Good knowledge of general insurance principles, products, and practices.

• Experience building predictive models for general insurance.

• Familiarity with relevant regulations, particularly GIPP and Consumer Duty.

• Proven business judgement, with the ability to solve complex issues using pragmatic solutions.

Desirable skills:

• Knowledge of retail pricing data and modelling techniques.

• Experience with modelling tools (e.g., Emblem, Earnix, R, Python).

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#LI-HYBRID

We’re the largest employee owned business in the UK and home of our cherished brands, John Lewis and Waitrose. We’re not just employees, we’re Partners, driven by our purpose to build a happier world. As we look to our future, there’s never been a more exciting time to join us.  

We’re ruthlessly focused on being brilliant at retail. We continue to innovate, adapt and diversify. Never Knowingly Undersold on price, quality and service in John Lewis and passionately serving food-lovers in Waitrose.   

As Partners we all share the responsibility of ownership and in its rewards. We use our voices to contribute to our success, working together through the good and challenging times, holding true to our behaviours and treating everyone with kindness and respect. 

We all own making the Partnership somewhere we belong. Embracing our differences and creating an environment where we’re free to be ourselves and can THRIVE. Growing ourselves individually, and as a collective. 

As Partners, we make all the difference. And, we all own it.  

Important points to note:  

It’s important to note that some of our roles are subject to pre-employment vetting (which may include DBS checks for successful candidates). If required, you’ll be informed and provided with information about vetting during the recruitment process and we encourage you to complete any vetting documents quickly to avoid delays. Any DBS checks required will be carried out by a third-party registered body and financial probity checks may also be required for some of our roles.  

We occasionally close vacancies early in the event we receive a high volume of applications, and therefore, we recommend you apply early. If you require a reasonable adjustment due to a disability which means you may need longer to complete your application please contact us as soon as possible.

We want all of our Partners to have a good work-life balance and we support flexible working. This might mean flexible or compressed hours, job sharing or shorter hour contracts, where possible. Please discuss this further with the hiring manager during your interview. 

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