Job Description
About Us:
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field, we’re a customer-obsessed market powerhouse. We all work together to be brilliant for customers, every single day.
Pricing and Underwriting is a complicated world, where historical data, geospatial information, and mathematical models meet talented analysts. Pricing our products is a fine line between balancing our business goals and customer needs. Our pricers and underwriters reduce risk and predict future events, ensuring our business can continue to grow while providing our consumers with the best price.
Motor Retail – Trading
What you’ll be doing
Our mission is to be a best-in-class pricing function.
To achieve this, we need exceptional people. We are on an exciting transformation journey, and we take great pride in what we are delivering. To hit our financial targets, we will support and deliver various cross-functional initiatives to provide competitive prices and customer-centric products, customer journeys, and services. We will do this in line with all legislation and regulation and ensure that when things go wrong, we have sleek processes to identify and resolve issues quickly, minimizing customer and commercial impact. Join our Motor Retail tribe and help us to be the best; it’s a great time to join! You will be using your pricing and underwriting skills and experience to help us achieve our financial targets. Key responsibilities include: Delivery of price optimization strategies designed to achieve business objectives Propose and deliver tactical changes to drive value or mitigate risk to plan Monitoring performance against plans, with deep dive activity in relation to performance anomalies as required Support financial planning process Support delivery of Pricing and cross-functional initiatives Ensure all deliverables are well governed and have all relevant controls in place Continuous improvement of processes Support in upskilling junior members of the team and establishing pricing best practices. What we are looking for We are keen to meet enthusiastic, passionate, and curious individuals who can collaborate effectively across several teams. They should also have: Experience in Retail Pricing and Price Optimization Strong understanding of the components of pricing algorithms and application of underwriting rules Understanding of key legislation and regulation applying to motor insurance and its impact on pricing algorithms, models, customer premiums, and experience. Strong numerical and analytical skills with a keen eye for problem-solving Ability to communicate complex information simply Experience with Radar or alternative pricing software Experience of data manipulation using languages such as SQL or Python Experience with statistical and mathematical techniques and proven experience of applying these effectively in General Insurance Pricing What we’ll give you: We recognize we wouldn't be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office working, varying with the nature of your role. Core benefits include: 9% employer contributed pension 50% off home, motor, and pet insurance plus free travel insurance and Green Flag breakdown cover Up to 10% annual bonus Generous holiday allowance + bank holidays Additional optional Health and Dental insurance EV car scheme allowing all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way Buy as you earn share scheme Employee discounts and cashback Plus many more Be yourself We recognize and embrace people that work in different ways, so if you need any reasonable adjustments within this recruitment process, please reach out to us, and we can discuss how we can support you. There’s no one else like you. No one with the exact same mix of strengths, quirks, skills, and thoughts. That’s why you could belong here. As part of a team, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every one of us brings. Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a significant strength in our people. We know you're more than a CV, and the things that make you, you, are what bring potential to our business. Join us . Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher. Together we’re one of a kind.
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To achieve this, we need exceptional people. We are on an exciting transformation journey, and we take great pride in what we are delivering. To hit our financial targets, we will support and deliver various cross-functional initiatives to provide competitive prices and customer-centric products, customer journeys, and services. We will do this in line with all legislation and regulation and ensure that when things go wrong, we have sleek processes to identify and resolve issues quickly, minimizing customer and commercial impact. Join our Motor Retail tribe and help us to be the best; it’s a great time to join! You will be using your pricing and underwriting skills and experience to help us achieve our financial targets. Key responsibilities include: Delivery of price optimization strategies designed to achieve business objectives Propose and deliver tactical changes to drive value or mitigate risk to plan Monitoring performance against plans, with deep dive activity in relation to performance anomalies as required Support financial planning process Support delivery of Pricing and cross-functional initiatives Ensure all deliverables are well governed and have all relevant controls in place Continuous improvement of processes Support in upskilling junior members of the team and establishing pricing best practices. What we are looking for We are keen to meet enthusiastic, passionate, and curious individuals who can collaborate effectively across several teams. They should also have: Experience in Retail Pricing and Price Optimization Strong understanding of the components of pricing algorithms and application of underwriting rules Understanding of key legislation and regulation applying to motor insurance and its impact on pricing algorithms, models, customer premiums, and experience. Strong numerical and analytical skills with a keen eye for problem-solving Ability to communicate complex information simply Experience with Radar or alternative pricing software Experience of data manipulation using languages such as SQL or Python Experience with statistical and mathematical techniques and proven experience of applying these effectively in General Insurance Pricing What we’ll give you: We recognize we wouldn't be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office working, varying with the nature of your role. Core benefits include: 9% employer contributed pension 50% off home, motor, and pet insurance plus free travel insurance and Green Flag breakdown cover Up to 10% annual bonus Generous holiday allowance + bank holidays Additional optional Health and Dental insurance EV car scheme allowing all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way Buy as you earn share scheme Employee discounts and cashback Plus many more Be yourself We recognize and embrace people that work in different ways, so if you need any reasonable adjustments within this recruitment process, please reach out to us, and we can discuss how we can support you. There’s no one else like you. No one with the exact same mix of strengths, quirks, skills, and thoughts. That’s why you could belong here. As part of a team, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every one of us brings. Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a significant strength in our people. We know you're more than a CV, and the things that make you, you, are what bring potential to our business. Join us . Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher. Together we’re one of a kind.
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