Job details

Pricing Consultant - Corporate Insurance

Region: Midlands

Location: Stratford-upon-Avon

Reference number: CSDI02336

Closing date: 30th April 2021

Apply now

Your mobile application

You may find making an application much easier from a desktop computer. So why not forward yourself a link to this vacancy to pick up and apply on a desktop or laptop later. Alternatively you can send the link to someone you think would be suitable for the role.

About the role

Based at our impressive Head Office in Stratford-Upon-Avon, our Pricing Department is a rapidly expanding function which focuses on delivering long term value for our customers rather than working to short-term profit targets. Following substantial investment in technology and with the contribution of a 70 strong team with a diverse skill set, the department is shaping to be a cutting-edge hub of expertise with ambitious growth plans.

As part of our planned expansion, we are now seeking an experienced Pricing professional to join us and become part of our success story. The exciting new role will focus on shaping the pricing strategy for our Large Corporate Insurance portfolio with emphasis on Commercial Property and Casualty lines of business.

You will be responsible for the research, development, building and implementation of an Excel-based deterministic rating tool for large Commercial Property risks and for leading the maintenance and improvement of the existing Excel-based deterministic rating tool for large Casualty corporate risks. This will include derivation, conducting impact reviews, documenting results and updating its underlying input assumptions as well as communicating the impact of the updates on output prices to relevant stakeholders.

As part of your role, you will be proactively identifying and recommending pricing actions for resolving challenges, realising opportunities and implementing future pricing improvements to include the use of new and innovative pricing tools and methods with the aim of ensuring the continuous enhancement of the company’s pricing capability.

As you will be joining an innovative and forward-thinking department at a time of change and expansion, you will also have the opportunity to contribute to the shaping of working methods, strategy and direction from day one.

What we're looking for

We are seeking an astute and diligent professional ideally possessing prior London market pricing experience. You will have extensive knowledge of insurance pricing techniques with relation to Commercial Property risks and additional understanding of Casualty corporate risks would be highly beneficial.

The successful candidate will have excellent numerical and analytical skills and will be able to demonstrate an ability to effectively build Excel-based rating tools. We are interested in hearing from candidates with strong programming skills ideally in SQL and previous experience or knowledge of R and/or Python will also be regarded as beneficial but not essential for the role.

As an experienced pricing professional, you will be able to confidently develop and secure agreement for product pricing strategies through formal governance and to make recommendations based on statistical pricing decisions to key stakeholders within the Pricing department and the wider business.

Applications are also welcome from professionals with experience from other regulated financial sectors such as banking or energy provided you can demonstrate prior experience with machine learning and predictive analysis. 

One or more of the below qualifications would be highly desirable but please note that we welcome applications from all candidates who believe they can demonstrate the necessary skill set and experience for the role.
• A university degree with strong mathematical and/or statistical content
• An advanced degree in a quantitative field, preferably with significant emphasis on predictive modelling, data mining or machine learning
• FIA qualification or working towards/worked towards in the past

What we can offer

At NFU Mutual we continue to work remotely, when we do return to the office we will be working with a balance between home and office working.

We pride ourselves on being “a great place to work” and have again been presented with the Gallup Great Workplace Award. Along with a supportive culture you can also look forward to some very attractive reward benefits such as:

  • Competitive salary

  • Annual bonus (up to 17.5%) 

  • Contributory pension scheme (maximum of 12% company contribution)

  • 25 days holiday plus bank holidays (additional holiday purchase scheme)

  • Employee discounts 

  • Gym subsidy  

  • Health and wellbeing plan

  • Discounted Insurance on all NFU Mutual Policies

About us

One of the UK’s leading general insurance and financial services companies, NFU Mutual has been meeting our customers’ needs for over 100 years.

Our employees are important to us. We empower and inspire them to perform, offer opportunities to grow and we recognise and reward their contribution. They are proud to work for a company that respects them and broader communities, and they trust us to be financially sustainable so we are successful now, and in the future.


Apply now


NFU Mutual Careers - Our Offices - Tiddington Office Exterior.png

Tiddington Road
Stratford upon Avon
CV37 7BJ

Visit the Stratford-upon-Avon (Tiddington) office

Vacancy managed by

Antoniya Teneva

Email me


Working for NFU Mutual

We are a leading provider of general insurance and financial services. From our strong farming roots we’ve grown to become a UK-wide organisation, turning over £1billion annually. Yet success hasn’t gone to our heads. We’re proud to remain completely customer focused, down-to-earth and committed to the rural communities we’ve grown from.

Our ethos - of trust, respect and personal service - lies at the heart of all we do and has seen us build an enviable reputation for exceptional member loyalty. Though we’ve been in business for over 100 years, we have big ambitions for the future. And that’s why we’re looking for talented people to join our growing organisation. Talented people like you.