Insurance Pricing Analyst

Internal use only - Grade F About us We are The Very Group and we’re here to help families get more out of life. We know that our customers work hard for their families and have a lot to balance in their busy lives. That’s why we combine amazing brands and products with flexible payment options on Very.co.uk to help them say yes to the things they love. We’re just as passionate about helping our people get more out of life too; building careers with real growth, a sense of purpose, belonging and wellbeing. About the role We’re looking for an Insurance Pricing Analyst to join our Financial Services team and play a key role in shaping pricing strategies for our insurance products. This is a fantastic opportunity to use your analytical skills to influence decisions that balance commercial performance with fair outcomes for customers. You’ll work with data, models, and stakeholders across the business to ensure our pricing is competitive, compliant, and commercially effective. Your insights will help us optimise performance and deliver value for both customers and the business. What you will be doing Support the development, monitoring, and refinement of pricing strategies for insurance products through data analysis and modelling. Build and maintain pricing models using tools such as Python, SAS, or Excel. Analyse customer, claims, and market data to identify trends and pricing opportunities. Contribute to insurance reporting, ensuring stakeholders understand product performance and customer outcomes. Collaborate with product managers, underwriters, and finance teams to align pricing with commercial and regulatory objectives. Assist in testing and implementing pricing changes, ensuring accuracy and compliance with internal controls. Track and analyse the impact of pricing decisions to support continuous improvement. Deliver clear, well-documented analytical outputs for both technical and non-technical audiences. Support ad-hoc analysis and contribute to the improvement of tools, processes, and governance across the pricing function About you

Essential:

• Experience in an analytical role, ideally within financial services or insurance.
• Strong data analysis skills with proficiency in Excel and tools such as SAS, Python, R, or SQL.
• Understanding of pricing concepts and commercial drivers in insurance.
• Excellent attention to detail and ability to turn data into actionable insights.
• Strong communication skills, able to explain complex analysis clearly.
• Ability to manage multiple priorities in a fast-paced environment.

Desirable:

• Experience with insurance products, claims, or underwriting data.
• Exposure to machine learning methods for pricing optimisation.
• Familiarity with regulatory considerations in insurance pricing (e.g., Consumer Duty).
• Knowledge of statistical modelling techniques such as regression.
• Understanding of insurance market dynamics and competitor analysis.
• Some of our Benefits
• Flexible, hybrid working model
• Inclusive culture and environment, check out our Glassdoor reviews

£1000 flexible benefits allowance to suit your needs 30 days holiday + bank holidays Udemy learning access Bonus potential (performance and business-related) Up to 25% discount on Very.co.uk Matched pension up to 6% More benefits can be found on our career site How to apply Please note that the talent acquisition team are managing this vacancy directly, and if successful in securing this role, you will be required to undertake a credit, CIFAS, Right to Work checks and if a specific requirement of your role a DBS (criminal records) check. Should your application progress we require you to let the team know if there is anything you need to disclose in relation to any of these checks prior to them being undertaken, including any unspent criminal convictions. What happens next? Our talent acquisition team will be in touch if you’re successful so keep an eye on your emails! We’ll arrange a short call to learn more about you, as well as answer any questions you have. If it feels like we’re a good match, we’ll share your CV with the hiring manager to review. Our interview process is tailored to each role and can be in-person or held remotely.

You can expect a two-stage interview process for this position:

1st stage - An informal 30-minute video call with the hiring team to discuss your skills and relevant experience. This is a great opportunity to find out more about the role and to ask any questions you may have. 2nd Stage – A one-hour formal interview where you can expect both competency and technical questions (task based) This can be held either in-person or remotely. As an inclusive employer please do let us know if you require any reasonable adjustments. If you'd like to know more about our interviews, you can find out here. Equal opportunities We’re an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.