Senior Risk Pricing Analyst

Senior Risk Pricing Analyst

Department: [SBISL] Risk Pricing

Employment Type: Permanent - Full Time

Location: Bristol

Compensation: £65,000 - £75,000 / year

We’re looking for a Senior Pricing Analyst to join our Risk Pricing team in Bristol. You’ll lead the development of sophisticated pricing and risk models for motor insurance, helping to shape data‑driven, competitive pricing strategies that support strong financial outcomes and sustainable growth.

• Build and improve pricing models: Lead the creation and refinement of actuarial models used to price motor insurance products, ensuring they remain robust, accurate and responsive to market conditions.
• Analyse risk and performance: Conduct deep-dive analyses to identify risk factors, trends and patterns; run experience studies and profitability reviews to evaluate model performance and recommend enhancements.
• Partner across the business: Collaborate with underwriting, finance, product and other teams to align pricing strategy with wider business objectives and support product development and planning.
• Support governance and compliance: Maintain awareness of relevant regulation and actuarial standards, helping ensure pricing activity is compliant and well‑controlled.
• Communicate insight: Produce clear reports and presentations for senior stakeholders, explaining complex technical findings in an accessible way.
• Coach and upskill others: Provide technical guidance and mentoring to colleagues, contributing to capability‑building across the team.
• Drive continuous improvement: Identify process improvements and adopt new techniques and tooling to increase efficiency and effectiveness.

• Strong actuarial/pricing background with experience developing and refining models for pricing and risk assessment.
• Advanced analytical and problem‑solving skills, with a track record of improving approaches beyond traditional risk cost modelling.
• Practical programming/analytics capability (e.g., Python and SQL), including data manipulation and model implementation.
• Excellent written and verbal communication skills, able to influence non‑technical stakeholders.
• Collaborative working style and the confidence to engage with senior stakeholders.
• High attention to detail and a strong focus on controlled, well‑documented analysis.
• Industry experience: 3+ years in a similar pricing/risk modelling role (motor insurance experience preferred).

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day