Home Pricing – Algorithm Control Lead

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player seeks an Algorithm Control Lead to drive innovative pricing strategies in the insurance sector. In this pivotal role, you will lead a talented team to manage and enhance pricing algorithms, ensuring they meet both business goals and customer needs. Your expertise will guide the delivery of changes to market, leveraging data-driven insights and external best practices. This forward-thinking company values diversity and offers a hybrid working model, providing flexibility and a supportive environment for personal and professional growth. If you're passionate about pricing strategy and team leadership, this is an exciting opportunity to make a significant impact.

Benefits

50% off home, motor and pet insurance

Up to 10% annual bonus

Generous holiday allowance

Private medical insurance

EV car scheme

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Experience in managing delivery of pricing changes to market.
• Strong understanding of insurance pricing components.

Responsibilities

• Lead a team to manage pricing and underwriting changes.
• Ensure efficient coding and documentation of algorithm changes.

Skills

Algorithmic Change Management

Data Extraction

Data Manipulation

Team Leadership

External Networking

Education

Degree in Finance or related field

Tools

WTW Radar Software

SQL

Python

Job description

Social network you want to login/join with:

Home Pricing – Algorithm Control Lead, London

Client:

Direct Line Group

Location:

London, United Kingdom

Job Category:

Finance

EU work permit required:

Yes

Job Reference:

99752801d300

Job Views:

114

Posted:

11.04.2025

Expiry Date:

26.05.2025

Job Description:

Home Pricing – Algorithm Control Lead

Hybrid

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. And 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. That’s why our pricers and underwriters are the best of the best. They reduce risk and predict future events ensuring our business can continue to grow while each and every one of our consumers gets the best price.

What you’ll be doing

Our mission is to be a best-in-class pricing function. To be the best of the best we need exceptional people. This is where your expertise comes into play. Joining our Home Tribe, who are responsible for setting the price for our home policies, you’ll utilise your previous experience of maintaining the pricing algorithm and designing and testing change to deliver commercial value.

You will be leading a team to manage the delivery of all pricing and underwriting changes for home products to market which includes:

• Ensuring all changes to the algorithm are coded efficiently and fully documented
• Regular algorithm house keeping and testing to ensure best practice, efficiency, effectiveness and compliance
• Using external focus to understand ways in which we can improve our change capability
• Managing our relationship with our vendor and internal technology teams
• Ensuring that we operate within a strong governance and control framework
• Leading, motivating and inspiring both your direct reports and those within the wider P&U function through your breadth of knowledge and expertise

What we are looking for

We are keen to meet enthusiastic, passionate and curious individuals, and are open to hearing from those with experience of managing the delivery of pricing changes to market, key is your breadth of experience and understanding across the area.

• Previous, demonstrable, experience of algorithmic change and development, ideally using WTW Radar software
• Knowledge and understanding of the components of an insurance price
• Experience of data extraction and manipulation tools, such as SQL and Python
• Ability to inspire and engage colleagues to do their best work every day, with a strong external network to bring in best practice and new concepts to DLG.

What we’ll give you:

We recognise 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:

• 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
• Private medical insurance for yourself
• EV car scheme allows 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

Ways of Working

Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options that work best for you. Read our flexible working approach

Be yourself

We recognise 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 with this.

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 big 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.