RAC have a brand-new opportunity for two Senior Pricing Analyst's to join our expanding Consumer Pricing team on a permanent basis.
We are looking for an experienced and driven individual to join our team to play a key role in shaping and executing our pricing strategy within the Consumer Business. This is a critical position offering the opportunity to influence our pricing practices and drive significant improvements across our operations.
In this role, you will lead the development of innovative opportunities through expert analysis, market insights, and data-driven strategies to ensure the best in class pricing practices and execution, ultimately contributing to improved trading performance and profitability.
This role will be a hybrid role, where you will spend two days in our Bradley Stoke offices, and three days at home.
What You’ll Do…
Your primary focus will be to help develop the successful delivery of the Consumer pricing strategy, development and initiatives across the division, whilst driving profitability upwards.
The role will also require you to;
- Lead programme execution where required to deliver on initiatives and programmes critical to Division and group commitments.
- Undertake detailed statistical analysis using range of modelling techniques
- Investigate and drive forward market leading pricing capabilities.
- Develop forecasting models & explain weekly/ yearly variances vs forecast.
- Source and test predictive power of new data enrichment from internal and external sources.
- Create unique data features to be used in modelling drawing on the RACs substantial data assets.
- Build predictive models to support Consumer Pricing optimisation across full lifecycle of customer (New Business, Renewal).
- Develop action plans to ensure that the Breakdown Pricing Strategy aligns to the evolving regulatory landscape.
- Ensure decisions taken are compliant and adhere to Governance sign off processes.
What You’ll Need…
To be considered for this position, you will need demonstratable pricing experience in a relevant field (such as Banking, Finance, Insurance), and a Mathematical related degree or an A-level Maths Grade A or above. You’ll also have;
- Technical knowledge of pricing and analytical techniques, in particular GLM/GBMs desirable.
- Commercial awareness with the ability to balance the technical aspect of the role with commercial outcomes for the business
- Strong stakeholder management experience with a demonstrable ability to build relationships based on credibility and trust with Exec, regulators and Group-wide stakeholders at all levels
- Experience of coding software (e.g. SQL, Snowflake, SAS).
- Finance acumen to build, track and deliver business cases
- Highly numerate with strong analytical & problem-solving skills
- Ability to operate (and thrive) in fast-paced environments
- Experience of statistical modelling software (e.g. Emblem, R, python) advantageous, but not essential.
- Experience of optimisation software (e.g. Radar optimiser, Earnix) advantageous, but not essential.
In return, we offer
- FREE RAC Ultimate Complete Breakdown Service from Day One.
- 25 days annual leave entitlement plus bank holidays.
- Option to join RAC’s Group Personal Pension scheme where we will match / contribute up to 6.5% on qualifying earnings.
- 2 x Basic Salary Core Employer funded Life Assurance cover (4 x for pension scheme members) with the option to flex up to 10 x cover through our flexible benefits offering.
- Family leave support including paid time off, flexibility and resources to help balance work and family commitments.
- Enhanced Parental Leave
- Confidential personal support service, available 24 hours a day every day of the year for you and any family members ages 16+ in your household.
- Car salary sacrifice scheme – after 12 months of employment, where you’ll enjoy significant tax savings, including electric vehicle options.
- Access to Orange Savings, our online discounts portal offering 1000’s of savings on high street retailers, supermarkets, holidays, tech and much, much more.
- FREE onsite parking.
When you join us you will automatically be opted into our Colleague Share Scheme, called ‘Owning it together’. This is a unique opportunity for our colleagues to get rewarded for the outstanding work they deliver, to share in the future success of the RAC and is no ordinary work benefit, incentive, or bonus!
We’re committed to developing a culture that is representative of the diverse communities we serve and one which is open, accessible, collaborative, and inclusive. We welcome applicants of all backgrounds and experiences.