Home Pricing Developer - Radar

Direct Line Group; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading company in the insurance sector is seeking a talented analyst to contribute to the Home Insurance strategy. The role involves implementing changes to the Radar rating algorithm, ensuring compliance and efficiency, and collaborating with various stakeholders. Ideal candidates will have a strong numerical background, familiarity with programming languages, and excellent problem-solving skills. The company offers a hybrid work model, excellent benefits, and a commitment to work-life balance.

Benefits

9% employer-contributed pension

50% off home, motor, and pet insurance

Optional Health and Dental insurance

Up to 10% AIP Bonus

EV car scheme

Generous holidays

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Degree or equivalent in a numerical field.
• Experience in the Insurance industry preferred.

Responsibilities

• Build and maintain the Radar Live rating engine.
• Ensure model testing and validation.
• Communicate with stakeholders effectively.

Skills

Problem Solving

Communication

Attention to Detail

Creativity

Analytical Mindset

Education

Degree in Mathematics

Degree in Computer Science

Tools

SQL

SAS

Python

Tableau

Job description

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you'll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

Pricing and Underwriting is a complex field where historical data, geospatial information, and mathematical models come together, requiring talented analysts. Our Pricers and Underwriters balance business goals with customer needs to reduce risk and predict future events, ensuring our business growth and customer satisfaction.

What you'll be doing

As a valued team member, you'll contribute to the Home Insurance strategy by accurately and efficiently implementing changes to the Radar rating algorithm.

Key Responsibilities

• Take ownership of building, maintaining, and monitoring the Radar Live rating engine to ensure compliance, accuracy, and efficiency.
• Ensure comprehensive model testing is performed and validated to verify all changes.
• Support process enhancements, including testing, to improve efficiency while maintaining accuracy.
• Communicate effectively with stakeholders and the wider Pricing & Underwriting community to ensure alignment.
• Contribute to department-wide objectives, strategies, and priorities.
• Adhere to Pricing and Underwriting Controls and Governance policies.
• Identify and manage risks, promptly communicating issues related to pricing, models, or data.
• Develop your skills to meet current and future business needs.
• Reinforce the culture and core values of Direct Line Group through appropriate behaviors.
• Support the Home Change Team's Defect Management process, assisting in diagnosis, testing, and implementing fixes.

Our hybrid work model offers flexibility, with colleagues spending at least 2 days a week in the office, depending on role and team.

What you'll need

• Degree or equivalent in Mathematics, Computer Science, or a related numerical field.
• Familiarity with programming languages and software such as SQL, SAS, Python, Tableau (preferred).
• Experience in the Insurance industry (preferred).
• Strong problem-solving skills and attention to detail.
• Excellent communication skills and a team-oriented mindset.
• Good knowledge of IT principles and processes.
• Creativity, passion, inquisitiveness, and innovation.
• An analytical mindset.

Benefits

We offer excellent benefits to support your lifestyle:

• 9% employer-contributed pension
• 50% off home, motor, and pet insurance, plus free travel insurance and breakdown cover
• Optional Health and Dental insurance
• Up to 10% AIP Bonus
• EV car scheme for leasing electric or hybrid cars
• Generous holidays
• Buy as you earn share scheme
• Employee discounts and cashback
• And more...

We focus on work-life balance and creating an inclusive environment where everyone can succeed. We value diversity and are committed to inclusion, supporting adjustments during recruitment as needed.

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