Pricing Analyst

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.

In addition to your contractual pay, any time worked between 22:00 - 06:00 will attract Night Premium at a rate of £4.50 per hour. This will also apply to existing Partners who have enrolled onto Enhanced Hours Premium arrangements.

• Contract type - Permanent 

• 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 2 days a month in the office to connect.

Key responsibilities

• 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
   

Essential skills/experience you’ll need 

• 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.

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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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