Graduate Pricing Analyst

Somerset Bridge Group offers a Graduate Pricing Analyst role in motor insurance, using data, statistics, and machine learning to set fair customer pricing and support business decisions within underwriting teams.

Company Overview
Somerset Bridge Group is a dynamic and innovative insurance provider focused on underwriting, broking and claims handling of UK motor insurance. We help more customers save time and money, providing peace of mind for the motor cover they need.

We are seeking multiple graduates to join our Underwriting departments as Graduate Pricing Analysts within Retail Pricing, Risk Pricing, Implementation, Telematics or Trading. Our multidisciplinary Underwriting teams, through innovative use of data, are on a mission to provide the right prices to the right customers in a dynamic market, to ensure sustainable growth of the company and good value to our customers, in line with our trading targets.

The Graduate Programme
Alongside the day job, you’ll be enrolled onto our Graduate Programme which is an annual scheme designed to provide you with a comprehensive understanding of our business. Throughout the year, you’ll have the opportunity to spend time with teams from various areas of the business, with the chance to reflect on each month with key learnings and takeaways. By the end of the programme, you should have an in-depth understanding of how we operate and a comprehensive ‘big picture’ view of our organisation. 

Throughout your graduate journey, you’ll have the opportunity to enhance both your technical and personal skills. We provide tailored support to allow you to develop the experience needed to become a well-rounded Pricing Analyst, receiving on-the-job training and mentoring. 

Additionally, you’ll have the opportunity to engage in impactful projects outside of your primary role, such as supporting local community initiatives or participating in our DEI working group. We are dedicated to fostering an inclusive and respectful culture, and your unique perspectives and individuality would bring a valuable contribution. 

We're looking for the following skills:

We’re looking for the following skills:

• A degree in a STEM (Science, Technology, Engineering, and Maths) subject.

• A passion for applying analytics and data science to solve business challenges.

• An ability to understand complex issues and deal with uncertainty.

• A problem-solving mindset and ability to think strategically.

• Effective communication and strong presentation skills.

Our Graduate Analyst roles are open to candidates with a range of experiences, from graduate to 1 year+ experience. The successful candidate may have some experience with any of the following coding languages, but more importantly a desire to develop your skills on the job; Python, R or SAS.

Successful candidates will have the enthusiasm and ability to work in a dynamic environment and push themselves to become independent problem solvers. They will have a desire to develop programming languages and to use statistics and machine learning in a supportive and innovative environment working alongside experienced Pricing Analysts.

You'll benefit from:

The Graduate Programme includes mentorship through practical and theoretical training, participation in real-world projects and the opportunity to learn and develop the following skills:

• Coding languages (R/Python/SAS)

• Statistical modelling

• Analysing large datasets

• Applied machine learning

Our Benefits

• 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

About Somerset Bridge Group

Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry.

Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers.

Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance.

With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.

We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special. 

Equal Opportunity Employer

Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.