Pricing Analyst

Sainsburys Bank
11 Jan 2018
10 Feb 2018
Contract Type
Full Time
Pricing Analyst (Mortgages)EdinburghBasic salary around £35k depending on knowledge skills and experience, plus competitive benefits and a great working environment.Sainsbury’s Bank is known for offering customers innovative, good value products and services. Following continued strong trading performance, and the trust people have in the Sainsbury’s brand, we were delighted to launch our new mortgage products in 2017. Now we're in 2018 the Mortgage proposition is growing from strength to strength. This is an exciting time, and a real opportunity to join us and shape the future in a key growth area for the Bank. We want you to support our customers with one of the most important purchases in their life.In this role you will be responsible for the pricing of our Mortgages to deliver the sales, lending, income, risk profile & profitability in the annual and strategic plans. You’ll be:
  • Supporting the development of the commercial and trading MI for acquisition and backbook
  • Managing the delivery of changes to Standard Variable Rate for the Mortgage business across all stakeholders.
  • Managing the delivery of changes to the product range for new lending, further advances & retention products across all stakeholders.
  • Building relationships with stakeholders, communicating & interlocking changes with internal & external stakeholders, including sales force, brokers & 3rd party suppliers.
  • Developing & embedding a clear governance process that all product & pricing changes follow, creating and following process flows with appropriate controls & hand off / hand ins.
  • Undertaking appropriate post implementation testing & checks on sourcing systems etc .
  • Undertaking analysis to support pricing recommendations.
  • Undertaking analysis to build a deep understanding of backbook profit pools, segment & channel profitability.
  • Developing & implementing performance reporting (Daily, Weekly & Monthly) for volume and P&L commitments, including customer numbers, balances, business mix, income, costs, profit and product performance.
  • Providing support in the annual and 5 year reforecasts process/cycle
  • Embracing conduct, operational & regulatory risk management as a key responsibility in role, identifying, owning and appropriately managing role specific risks, and driving for appropriate customer outcomes.
  • Deputising for the Pricing Manager
You’ll bring:
  • Strong knowledge in product/commercial management, risk management, management information or customer analysis. Good knowledge and understanding of retail credit products.
  • Knowledge of financial environment with excellent analytical skills – highly numerate.
  • SAS or equivalent skills preferably.
  • Mortgage knowledge preferably.
  • A demonstrable ability to think and reason logically.
  • A proven track record of working on own initiative, with the ability to introduce fresh thinking to the role and the wider team.
  • Organisational skills being able to prioritise multiple pressing priorities and work effectively under pressure.
  • An innovative, creative approach to problem solving.
  • A customer focussed approach, with an ability to understand customer need.
  • Strong relationship management skills.
  • Excellent communication skills – well developed report writing skills and an ability to communicate effectively with anyone in any environment, e.g. able to translate complex / technical issues to meet the audience's competency level.
Us: We’re proud to be different. We offer an award-winning product range that includes insurance, savings, loans, credit cards and travel money. As well as being the first British supermarket to open a bank, our people, values and new offices create a great working environment where we can focus on what our customers want.
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