Salary - Salary is from £33,040+ annual bonus & benefits
Work Level - 1
Permanent role
Location - Reigate (blended working)
Office Attendance - Our roles are hybrid; however, you need to travel to our Reigate office 2 days per week for this role.
Closing Date for applications - 1st June 2026
At Tesco Insurance, we help customers through some of life’s most difficult and vulnerable moments. Whether it's a bump in the road, damage to a home, or a sudden emergency, every call is a chance to show we care and to do the right thing with empathy and expertise.
We’re recruiting for Pricing Actuarial Analysts to join our Insurance and Money Services team on a permanent contract.
Please note this role is known as P ricing Analyst - Protect (South) in Tesco Underwriting.
In this highly technical and specialised role you will support the insurance business by analysing pricing trends, building predictive models, monitoring the performance of the business, and identifying areas of opportunity for growth and profitability.
What you’ll be doing
• Building pricing models and utilising Data Science tools to provide insight into insurance risk.
• Delivering high quality data analytical activities to support pricing changes and business opportunities.
• Proactively researching and implementing the use of new statistical analyses, machine learning and automation to improve processes.
• Communicating the results of the modelling and analytical work effectively in non-technical language to peers and stakeholders.
• Monitoring the business performance across our products and highlighting opportunities off the back of this.
• Keeping knowledge and skills up to date and driving your own personal development.
We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us.
We need you to have (min experience)
• A strong record of education attainment with a degree in numerical subject - ideally a 2.1 classification.
• Highly computer literate; able to use Excel and other common data analysis and data processing/modelling software.
• Strong appetite and ability to research new modelling techniques using a range of tools including R and Python.
• Good organisational skills; able to deliver tasks within agreed timescales. Ability to work as part of a team; fostering positive relationships and providing mutual support and guidance.
• Highly customer centric; focused on the delivery of high levels of customer service.
• Some knowledge or interest of the UK personal lines insurance market.
And if you have any of these, even better.
• Proven ability to solve business problems and overcoming obstacles to find effective business solutions.
• Ability to explain complex analysis clearly, avoiding the use of jargon and acronyms and able to communicate the material financial implications of modelling and analysis decisions.
• Appropriately balance statistical accuracy with financial materiality.
• Able to apply judgement where data may be sparse or insufficient in quality or where considerable uncertainty surrounds the range of potential outcomes.
• Self-motivated, able to work with minimum supervision.
What’s in it for you?
• Prepare for your retirement with our colleague pension scheme.
• Virtual GP Service for you and your family 365 days a year.
• Critical illness cover
• Competitive performance related annual bonus.
• Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
• Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to £2K). As an added perk, we’ll give you a second card to share with someone else.
• Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
• Green car leasing benefit
• Support with your Actuarial exams and salary increase with passed exams.
• A place to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want.
• Take part in our Buy as you Earn and Save as your Earn share schemes.
Everyone’s welcome
We want all our colleagues to always feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.
Additional Information
We also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities, at every level of the organisation.
Interviews commencing June 2026.
