We’d all like amazing work to do, and real work-life balance. That’s waiting for you at Sainsbury’s Bank. “Bank by name, Sainsbury’s by nature” is the promise line we stand firmly behind, making sure we follow through on this by always offering value, making it easy and being an ally for our customers. We’re proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.
Joining Sainsbury's Bank means becoming part of a dynamic and innovative organisation that values growth, collaboration, and excellence in the insurance industry. As a Pricing Analyst, you will have the opportunity to work with cutting-edge technology and data science techniques to shape and optimise the pricing strategies for our insurance products. With a strong focus on machine learning models and data enrichment, you will play a crucial role in enhancing our competitive position in the market and driving profitability.
What you'll do
As a Pricing Analyst at Sainsbury's Bank, you will play a crucial role in maintaining and monitoring the pricing of insurance products to achieve the growth and profitability goals of the bank. Your responsibilities will include:
1. Maintaining and monitoring the models that feed into the bespoke pricing optimisation platform for motor and home insurance products.
2. Supporting the scoping and building of new models.
3. Implementing and testing the underwriters' rates to maintain a competitive position for the Sainsbury's panel.
4. Contributing to delivering the required sales and profit targets through effective management of pricing levers.
5. Collaborating closely with various internal teams and stakeholders, including product managers, marketing, finance, and data teams.
6. Monitoring market trends, identifying opportunities and threats, and contributing to wider team discussions on strategy development.
Your analytical skills, mathematical proficiency, experience with machine learning models, and knowledge of analytical tools such as Python, AWS services, and version control will be essential to excel in this role.
Who you are
As an Insurance Pricing Analyst for Sainsbury's Bank, you are a highly skilled and analytical professional with a strong background in pricing, statistical analysis, and data science. Your experience in personal lines general insurance products, coupled with your proficiency in machine learning models and analytical tools such as Python, enables you to effectively develop and deploy pricing strategies.
We are committed to being a truly inclusive retailer, so you’ll be welcomed whoever you are and wherever you work. When you join our team, we’ll also offer you an amazing range of benefits. Here are some of them:
1. 10% off at Sainsbury's, Argos, TU and Habitat after 4 weeks, increasing to 15% off at Sainsbury’s every Friday and Saturday.
2. Pensions scheme and life cover.
3. Performance-related bonus of up to 20% of salary, depending on performance.
4. Annual holiday allowance with the option to buy additional holiday.
5. Season ticket loans, cycle to work scheme, health cash plans, pay advance, and access to discounts from hundreds of other retailers.
6. Up to 26 weeks’ pay for maternity or adoption leave and up to 4 weeks’ pay for paternity leave.
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