Pricing Capability Practitioner

Direct Line; Glasgow; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance company in Glasgow seeks a Pricing Analyst to join their Motor Manufacturing Tribe. This role involves analyzing portfolio profitability, collaborating with risk pricing teams, and enhancing existing processes. Ideal candidates should possess general insurance pricing experience, problem-solving abilities, and familiarity with SQL and Python. Competitive benefits and a focus on work-life balance are offered.

Benefits

9% employer contributed pension

50% off home and motor insurance

Health and Dental insurance

Up to 10% AIP Bonus

EV car scheme

Generous holidays

Employee discounts

Qualifications

• Understanding drivers of portfolio profitability and risk pricing.
• Conducting model analysis and pricing initiatives evaluations.
• Developing tools for claims market data identification.

Responsibilities

• Collaborate with pricing and underwriting teams.
• Support the team lead in stakeholder communication.
• Identify process enhancement opportunities.

Skills

General insurance pricing experience

Problem-solving skills

SQL proficiency

Radar knowledge

Python familiarity

Stakeholder management

Education

Numerate degree in Mathematics or Statistics

Job description

Overview

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

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 whilst each and every one of our consumers gets the best price.

Join us as a Pricing Analyst in our Motor Manufacturing Tribe. This role will sit in the Segment Pricing Team and will work collaboratively with teams across Motor Risk and Retail Pricing, as well as colleagues in Underwriting, Trading and Finance teams.

What You’ll Be Doing

We’ll utilise your skills where they are most needed whilst also giving you an opportunity to build and grow the breadth of your expertise. There will be scope to soak up new experiences and most importantly you’ll positively influence and shape what we do – making an impact on our customers lives.

Your Job Responsibilities May Include

• Understanding drivers of portfolio profitability and embedding a consistent assessment of value across risk pricing and underwriting, including lifetime value assessments
• Conducting the analysis to make sure our models reflect the best view of risk, calibration and inflation estimates. Analysing pricing improvement initiatives and ascertaining their value.
• Working with the pricing and underwriting teams to further develop the toolkit for automatic identification of opportunities in claims AvE and market data.
• Support the team lead with comms to various stakeholders from across the business to explain the movements and rationale behind the numbers.
• Identifying opportunities to help the business evolve and enhance existing processes.

You’ll be part of risk pricing team within Motor Manufacturing and work alongside a team of experienced colleagues. Between us we hold a breadth of experience across the industry, but we’re always open to new approaches.

What You’ll Need

• General insurance pricing experience, preferably in personal lines and across a broad range of functions.
• Excellent problem-solving skills, with an ability to consider multiple scenarios, understand the needs and anticipate outcomes for the customers.
• Familiarity with SQL, Radar and Python.
• Strong stakeholder management, communication and presentation skills, with an ability to explain findings to both a technical and non-technical audience.
• People management experience preferable, but not essential.
• A numerate degree in Mathematics, Statistics or related subjects.

Benefits

• 9% employer contributed pension
• 50% off home, motor and pet insurance plus Green Flag breakdown cover
• Additional optional Health and Dental insurance
• Up to 10% AIP Bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
• Generous holidays
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Be yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We\'re delighted to feature as one of the UK\'s Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you\'re more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.