Principal Analyst

Job Description

Principal Analyst

• An excellent opportunity for a Principal Pricing Analyst


• Work within our thriving Loss Cost Modelling team


• Work from home 80% of your time with 20% at Head Office

About the role

As a Principal Analyst, you’ll play a key role in setting fair and accurate prices across our diverse portfolio of products, using advanced analytical and modelling techniques to predict claims behaviour and inform pricing decisions.

You’ll act as a technical role model within the Pricing function, applying your general insurance pricing expertise to design, build and maintain loss cost/risk models. This includes extracting, validating and analysing data, identifying underlying trends and drivers of performance, and translating complex outputs into clear, meaningful insights that support decision-making and wider business objectives.

Alongside your technical contribution, you’ll support the development of the wider analyst community by reviewing work, providing guidance and sharing knowledge. This role includes coaching and technical mentoring of less experienced analysts, but does not involve formal line management responsibilities.

Working in Pricing at NFU Mutual feels genuinely different. With a clear focus on customers rather than shareholders, the team’s work has real impact — supporting local communities, protecting livelihoods, and helping our UK wide Agency Network deliver exceptional service. Our Pricing team is central to how we support our customers, and its role is becoming even more crucial. The team is now at the heart of one of NFU Mutual’s most significant transformation programmes, shaping how pricing will operate in the future to ensure fair, insight driven outcomes.

To deliver this transformation, the team is expanding and creating exciting opportunities to join at a pivotal moment. This is a rare chance to influence a high profile, business wide initiative where your work will be visible, valued and acted on. By working closely with colleagues across the business, you’ll play an important role in shaping NFU Mutual’s future. Beyond the transformation, you’ll join a Pricing team committed to continuous improvement, offering ongoing opportunities to grow, add value and make a real difference. If you want to drive meaningful transformation while developing your own career, now is the ideal time to join us.

About you

You’ll bring a strong blend of technical pricing expertise and interpersonal skills, with the ability to analyse complex data, build robust models and translate outputs into clear, meaningful insight. You’re naturally curious, comfortable challenging assumptions, and motivated by solving problems that support fair pricing and better customer outcomes.

You’ll enjoy working collaboratively with others, engaging confidently with stakeholders across the business, and adapting your communication style to suit both technical and non-technical audiences. You’ll be proactive and authentic in your approach, and keen to support the development of others through coaching and knowledge sharing.

• You’ll have proven experience in general insurance pricing, supported by strong analytical skills and experience managing, analysing and visualising data to identify trends, risks and opportunities


• You’ll have experience building and maintaining loss cost/risk models, including Generalised Linear Models (GLMs), with the ability to interpret outputs and translate them into clear business insight


• You’ll demonstrate hands-on experience with pricing and analytical tools, with exposure to at least two of the following being essential: EMBLEM, Radar, R, SQL


• You’ll bring strong communication, storytelling and stakeholder management skills, adapting your style to influence, inform and engage a wide range of audiences


• You’ll demonstrate effective problem solving and critical thinking, working collaboratively as part of a team and contributing positively to shared goals


• You’ll have experience coaching, mentoring or supporting the development of others, building capability through collaboration rather than formal line management

Experience using Python and building Gradient Boosting Models (GBMs), or exposure to other advanced modelling techniques, would be desirable but is not essential.

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

• Salary up to £60,000 depending on experience


• Annual bonus (up to 17.5% 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.


• Salary sacrifice employee car scheme - subject to eligibility

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 our Gallup Exceptional Workplace 2025 award was not only awarded with Distinction but also named us as the first UK-based company to receive a Gallup Exceptional Workplace for ten years in a row. We are also the only Insurer to feature in the LinkedIn Top 15 Companies 2025 list of ‘Best midsize employers to grow your career in the UK’, 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, 2024 and 2025.

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.