GI Pricing Modelling Consultant Stratford-upon-Avon

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

Job summary

An established industry player is seeking a talented professional to join their Loss Cost Modelling team. This role offers the opportunity to lead the development and optimization of General Insurance pricing models for both personal and commercial lines. With a focus on maintaining market competitiveness and ensuring pricing accuracy, you'll collaborate closely with Underwriting and leverage your expertise to inform rates and rating logic. The company fosters a supportive culture and offers flexible working arrangements, making it an ideal environment for those looking to balance their career and personal life while contributing to a respected organization in the insurance sector.

Benefits

Annual bonus (up to 17.5% of salary)

Contributory pension scheme (up to 20%)

25 days annual leave + bank holidays

Family Friendly policy

Gym membership contribution

Health and wellbeing plan

Employee Volunteering

Life Assurance cover of 4 x salary

Employee discounts on insurance policies

Qualifications

• Strong background in general insurance pricing and pricing model development.
• Proficiency in Emblem for high-quality pricing outputs.

Responsibilities

• Lead development and optimization of General Insurance pricing models.
• Collaborate with Underwriting to ensure pricing accuracy and competitiveness.

Skills

General Insurance Pricing

Pricing Model Development

Stakeholder Management

Continuous Improvement Mindset

Customer-Focused Approach

Education

Relevant Degree or Equivalent Experience

Tools

Emblem

Job description

Working pattern: Full-time (Part-time hours considered)

• 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 an in-depth understanding of pricing best practices.

We are also looking for you to demonstrate a strong ability to forge and manage effective stakeholder relationships and to communicate 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

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 - volunteering 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.

We are a leading provider of General Insurance and Financial Services. From our strong farming roots we’ve grown to become a UK-wide organisation, turning over £1 billion annually. Yet success hasn’t gone to our heads. We’re proud to remain completely customer-focused, down-to-earth and committed to the rural communities we’ve grown from.

Our ethos - of trust, respect and personal service - lies at the heart of all we do and has seen us build an enviable reputation for exceptional member loyalty. Though we’ve been in business for over 110 years, we have big ambitions for the future. And that’s why we’re looking for talented people to join our growing organisation. Talented people like you.