Home Risk Pricing Manager

Hastings Insurance Services Limited; Leicester; On-site; GBP 70,000 - 100,000; Full time

Benefits offered by this job

£5k car allowance

Private medical insurance

Pension contributions up to 10%

Cycle to work scheme

Dental plans

Health care cash back plans

27 days annual leave + bank holidays

Job summary

Hastings Direct is seeking a Risk Pricing Manager to lead a small team and drive profitable pricing for home insurance. The role focuses on analysing diverse data sources, reviewing pricing models, and delivering innovative insights to improve pricing accuracy and profitability.

You will collaborate with actuarial, data science, underwriting and other teams while mentoring analysts and ensuring fair customer outcomes. A hybrid working model and robust benefits are offered.

Qualifications

• Strong general insurance background/knowledge preferable.
• Strong analytical and coding experience; Python preferred.
• Good communication skills, written and verbal.

Responsibilities

• Lead a team of analysts to achieve home profit and growth targets.
• Analyse data sources (loss, policy, quote, market) to identify pricing opportunities.
• Develop and deliver new insights, including new data and innovative techniques.
• Collaborate with Actuarial, Data Science, Underwriting, Data Engineering and other teams.
• Review and analyse models produced by actuaries and data scientists to optimize pricing.
• Identify pricing segments where improvements can be made.
• Create and maintain tools to source new pricing leads automatically.
• Represent the home pricing team on underwriting projects to create value.
• Provide coaching and mentoring to team members.
• Ensure fair outcomes for customers and align with customer expectations.

Skills

Analytical thinking

Strong communication

General insurance knowledge

Python

Tools

Python

Job description

The risk pricing manager will lead a team of 2 analysts with the aim of delivering our profit and growth targets for home.,

• Prioritising team resource and workstack items to help achieve our home profit and growth targets
• Analysing various data sources (including loss, policy, quote and market data), to identify opportunities to improve our risk pricing.
• Developing & delivering new insight, including the integration of new data, new innovative techniques and ways of working
• Working closely with Actuarial, Data Science, Underwriting, Data Engineering, Account Management, Retail and Counter Fraud / Digital teams
• Critically review technical models produced by actuaries and data scientists
• Analyse the above models to determine the optimal way to combine these model outputs to improve the pricing algorithm
• Analyse the models to identify segments where prices can be improved
• Create and maintain tools that enable us to source new pricing leads on an automated basis
• Representing the home team on various underwriting projects to generate value for the wider business
• Support the team through peer reviews, coaching and mentoring
• Ensure that we are meeting customers' fair and reasonable expectations and provide fair outcomes for our customers.
• Band 4, with 2 direct reports, but flexible on this depending on candidate.
• Strong general insurance background/knowledge preferable
• Strong Analysis and coding experience. Python preferred, but if experience is with other coding languages then this can be trained up
• Comfortable working with and analysing numerical/statistical data
• Thirst for making change / Inquisitive, curious nature
• Collaborates well with colleagues from own team and other teams
• Good communication skills, written and verbal

Welcome to Hastings Direct

We're a digital insurance provider with ambitious plans to become the best and biggest in the UK market. We've made huge investments in our pricing and data capabilities over the past few years, along with nurturing our 4Cs culture. We provide insurance for over four million customers, but we know there's even bigger opportunity out there - our Pricing, Data and Analytics community value curiosity, collaboration and constructive challenge. We are always looking for new ideas and diverse perspectives to question established thinking and drive meaningful change. Great pricing is built on trust, innovation and precision, so our aim is to ensure customers receive a fair and accurate price based on their individual risk, supporting fair outcomes, while delivering sustainable and profitable growth for our company. Pricing is more than just a number - it's a strategic capability. At the heart of Hastings is deep risk insight - continually improving how we assess, segment and price risk through data and analytics.

Join us and you'll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you'll be helping to drive our growth, so in return, we'll give you all the support, training and development you need. Not to mention plenty of recognition and rewards, and the scope to voice your ideas and put them into practice.

As a Disability Confident employer, we're committed to ensuring our recruitment processes are fully inclusive - what this means to you is if you're applying for a job with us, you'll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).For more information on the DCS, please visit our inclusive business page on our careers website

Benefits: in addition to a competitive salary and £5k car allowance you will also receive… Flexible working - we champion a flexible hybrid working approach - please speak to your recruiter to discuss in more detail Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus Physical wellbeing - as a Band 4 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI). This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen Financial wellbeing - as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award-winning package which includes - discounts, cashback, free independent mortgage advice and free access to financial wellbeing support Mental wellbeing programme - we have the thrive mental health app, our colleague assistance programme available 24/7, our own in‑house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs There's more! - 27 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more …

Join us and you'll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you'll be helping to drive our growth, so in return, we'll give you all the support, training and development you need. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we'll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please also note that we have a thorough referencing process, which includes credit and criminal record checks. At Hastings Direct, we're committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.