GI Pricing Modelling Consultant

Starr Underwriting; Stratford-upon-Avon; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Join a leading mutual organization as the Lead Pricing Model Developer in Stratford-upon-Avon. You'll be pivotal in developing and optimizing pricing models in general insurance, ensuring accuracy and competitiveness, while managing stakeholder relationships and leading a team. Enjoy a flexible work environment, competitive salary, and an attractive benefits package.

Benefits

Annual bonus (up to 17.5% of salary)

Contributory pension scheme up to 20%

25 days annual leave + bank holidays

£20 monthly gym membership contribution

Health and wellbeing plan

Employee discounts on insurance policies

Qualifications

• Experience in building and refining pricing models.
• Strong stakeholder management skills.
• Ability to communicate effectively with technical and non-technical audiences.

Responsibilities

• Lead the development and testing of pricing models.
• Ensure pricing accuracy and market competitiveness.
• Collaborate closely with Underwriting teams.

Skills

Resilience

Innovation

Customer-focused approach

Education

Background in General Insurance Pricing

Tools

Emblem

Job description

• Join a people-focused, mutual organisation committed to fair and accurate pricing
• Lead the development and optimisation of General Insurance pricing models across both personal and commercial lines of business
• Work from home up to 80% of the time, supporting a healthy work-life balance

About the role:

We have an excellent new opportunity for an experienced professional to join our Loss Cost Modelling team, part of our wider Pricing Department.

In this role, you will lead the development, implementation, and testing of General Insurance pricing models for a defined product range. You will ensure these models meet current and future business requirements and align with agreed standards and strategies. A key focus will be on maintaining market competitiveness through effective control cycles and ensuring pricing accuracy.

You will be responsible for planning and defining price models tailored to specific market sectors, ensuring they are appropriately resourced and deliver the desired outcomes. This includes developing control cycles to test and refresh pricing models regularly, ensuring they remain effective and predictive. Collaborating closely with Underwriting, you will apply expert judgment to inform rates and rating logic with deep market insights.

The role involves identifying and testing data to enhance pricing model performance and predictiveness, as well as challenging the status quo to drive improvements, using different tools and methodologies. You will also build strong, collaborative relationships with the Risk and Street Pricing community, as well as Underwriting teams, to deliver pricing objectives effectively. If you have direct reports, you will lead, motivate, and support them to achieve their potential and contribute to the success of the business.

About you:

We’re looking for a professional with a strong background in general insurance pricing and hands on experience in building and refining pricing models. Proficiency in using Emblem to deliver high-quality pricing outputs is essential, as is experience conducting peer reviews to ensure accuracy and effectiveness. You’ll bring expert knowledge of your market sector, along with in depth understanding of pricing best practices.

We are also looking for you to demonstrate strong ability to forge and manage effective stakeholder relationships and to communication effectively, including the ability to adapt your presenting style to technical and non-technical audiences.

You’ll need to be proactive and able to work effectively on your own initiative whilst also contributing collaboratively to team and company objectives. Prior experience with leading or managing a team, or supporting junior colleagues as a coach or a mentor would be highly advantageous albeit not a pre-requisite for the role.

Key skills we are seeking include:

• A resilient and continuous improvement mindset

• The ability to innovate and constructively challenge ideas

• A customer-focused approach, with a commitment to delivering results

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 in the range of £50,000 to £70,000 directly linked with skill set and 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.

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 we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, 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 and 2024.

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.