GI Pricing Modelling Consultant (part time)

NFU Mutual; Stratford-upon-Avon; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Join a forward-thinking organization dedicated to fair pricing in the insurance sector. In this pivotal role, you will lead the development and optimization of pricing models, ensuring they meet business needs while maintaining market competitiveness. You will have the opportunity to innovate and challenge existing practices, working closely with various teams to enhance pricing performance. With a supportive culture and attractive benefits, this is a chance to make a real impact in a respected company known for its commitment to customer focus and employee well-being. If you're ready to take the next step in your career, this role offers the perfect platform for growth and success.

Benefits

Annual bonus up to 17.5%

Contributory pension scheme up to 20%

25 days annual leave plus bank holidays

Family Friendly policy

Savings discounts at high street brands

£20 monthly gym contribution

Health and wellbeing plans

Volunteering opportunities

Refer a Friend bonus scheme

Life Assurance of 4x salary

Qualifications

• Strong background in general insurance pricing and pricing model development.
• Experience in building and refining pricing models with a focus on market competitiveness.

Responsibilities

• Lead development and testing of pricing models for personal and commercial insurance.
• Collaborate with Underwriting to apply market insights for pricing accuracy.

Skills

General Insurance Pricing

Pricing Model Development

Stakeholder Management

Communication Skills

Proactivity

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 standards and strategies. A key focus will be 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 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 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 various tools and methodologies. You will build strong relationships with the Risk and Street Pricing community and Underwriting teams to deliver pricing objectives. If you have direct reports, you will lead, motivate, and support them to achieve their potential and contribute to the business's success.

About you:

We’re looking for a professional with a strong background in general insurance pricing and experience in building and refining pricing models. Proficiency in Emblem for high-quality pricing outputs and conducting peer reviews is essential. You’ll possess expert knowledge of your market sector and an understanding of pricing best practices.

You should demonstrate strong stakeholder management and effective communication skills, adapting your style for technical and non-technical audiences.

Proactivity, initiative, and the ability to work independently while contributing to team objectives are crucial. Experience in leading or supporting junior colleagues is advantageous but not mandatory.

Key skills include:

• A resilient and continuous improvement mindset
• The ability to innovate and challenge ideas constructively
• A customer-focused approach with a results-driven attitude

At NFU Mutual, we support an inclusive workplace and value diversity. We celebrate creativity and innovation from varied perspectives and share a vision of doing right by our customers and employees.

We encourage candidates to discuss any adjustments needed during the recruitment process. We are a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory, welcoming applications from all backgrounds regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards:

Joining us, you will enjoy a supportive culture and attractive benefits, including:

• Salary between £50,000 and £70,000, based on experience
• Annual bonus up to 17.5%
• Contributory pension scheme up to 20%
• 25 days annual leave plus bank holidays, with buy/sell holiday options
• Family Friendly policy
• Savings discounts at high street brands, travel, and supermarkets
• £20 monthly gym contribution (T&Cs apply)
• Health and wellbeing plans
• Volunteering opportunities
• Refer a Friend bonus scheme
• Life Assurance of 4x salary
• Employee discounts on insurance policies

Working at NFU Mutual:

We are a leading UK general insurance and financial services company with over 110 years of customer focus. Recognized for our workplace culture with awards like the Gallup Exceptional Workplace 2024, we pride ourselves on being a great place to work, supporting growth, and rewarding contributions. Our culture is built on respect, community, and financial sustainability, ensuring our success now and in the future.