Insurance Pricing Analyst Graduate Scheme
The National Farmers Union Mutual Insurance Society Limited, Stratford-upon-Avon, Warwickshire
Insurance Pricing Analyst Graduate Scheme
£30000
The National Farmers Union Mutual Insurance Society Limited, Stratford-upon-Avon, Warwickshire
- Full time
- Temporary
- Onsite working
Posted 1 week ago, 27 Sep | Get your application in now before you're too late!
Closing date: Closing date not specified
job Ref: 15d4f2beaa9f444793adbdc3de14f231
Full Job Description
- Entry criteria - minimum degree classification of 2.2 in a subject with a strong numerical and/or analytical component Pricing plays a key role in setting the cost of our insurance policies. They analyse data, assess risks, and predict trends to ensure premiums are fair and competitive. By balancing customer needs with business goals, they help the company stay profitable while offering great value to customers. It's all about using insights and smart thinking to get the price right! Our Pricing team is a forward-thinking group that values diversity and fosters a supportive environment for all. With a strong "grow our own" initiative, we are dedicated to nurturing talent and developing our future leaders, whether in people management or technical expertise. We believe in empowering our team members to reach their full potential through mentorship and continuous learning opportunities. In addition to gaining hands-on experience, you'll also have the chance to pursue professional qualifications in areas like Data Science, positioning yourself at the forefront of industry innovation. Join us and be part of a team that truly invests in your growth and success!What you can expect In our exciting 3-year scheme, you'll dive into various aspects of insurance pricing with a wide range of responsibilities, including:
- Extracting, cleaning, and analysing data for modelling purposes.
- Conducting complex analyses-like multivariate, root cause, and performance testing-to inform continuous improvement of our data and models.
- Refining and operating pricing models and reporting results to support informed business decisions.
- Developing rating logic that ensures effective pricing outcomes.
- Implementing quality control processes to guarantee that our models and data deliver the expected outputs.
- Preparing reports, communicating findings, addressing queries, and taking ownership of follow-up actions to provide excellent service to both the team and business stakeholders. You'll work collaboratively on daily tasks while also having the chance to participate in exciting projects and change initiatives. We'll support your career development with a structured plan that includes biannual performance reviews, each offering the potential for competitive salary increases and progression to the next level. Join us and shape the future of pricing! Your future Throughout the scheme, you'll strengthen your core skills, earn qualifications, and develop essential competencies to set you up for a successful career. You'll be fully supported along the way, with a dedicated buddy and mentor, plus a strong network of current and former graduates. As you near the end of the scheme, a careers coach will be there to guide you in planning your next steps. It's not all about work either. We encourage our graduates to get involved in extracurricular activities, from volunteering and organising charity or social events to representing NFU Mutual at industry events, all in line with our Environmental, Social, and Governance (ESG) framework.
- Teamwork and collaboration skills - essential for working alongside diverse teams to share insights and tackle pricing challenges.
- Communication skills - crucial for clearly presenting complex analyses and data-driven recommendations to stakeholders.
- Analytical skills - key for dissecting data sets and conducting sophisticated analysis, enabling you to identify trends and improve pricing models.
- Digital literacy - important for when learning our variety of tools and software, such as Emblem, Radar, 'R', SQL, and Python.
- Self-motivation and adaptability - vital for taking initiative on projects and adjusting to changes in a dynamic industry.
Working at NFU Mutual We're one of the UK's leading general insurance and financial services companies. For over 110 years we've put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being "a great place to work" and we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024. We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future. - Salary - £30,000 + up to 10% annual bonus + incremental pay increases and annual pay reviews, When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:
- Salary - £30,000
- Annual bonus (up to 10% of salary)
- Contributory pension scheme, up to 20%, including your 8% contribution
- 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme
- A Family Friendly policy that helps you balance your work and family responsibilities
- Access to savings at High Street brands, travel and supermarkets
- £20 contribution to a monthly gym membership - subject to T&Cs
- Health and wellbeing plan - cashback for dentist, opticians, physio and more
- Access to voluntary benefits, including health assessments, private medical insurance and dental insurance
- Employee Volunteering - volunteer in the community for one day each year
- Unlimited access to Refer a Friend £500 bonus scheme
- Life Assurance cover of 4 x salary
- Employee discounts of 15% on a range of NFU Mutual insurance policies.
To join this scheme, you'll need to have achieved, or be on track for, at least a 2:2 degree. A degree with a strong numerical and analytical component is essential, as this will equip you with the skills needed to thrive. You'll have a passion for learning and a curious mind, and we'll also be looking out for: