Rescue Price Optimisation & Strategy Lead

Direct Line Insurance Group; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider in the UK is seeking a Rescue Pricing Optimisation & Strategy Lead to develop pricing capabilities and support trading strategies. The role involves collaborating with various teams, innovating in a fast-paced environment, and utilizing strong SQL skills. Ideal candidates will have experience in personal lines insurance pricing and leadership capabilities. The company embraces a hybrid working model, offering excellent benefits including pension contributions and annual leave.

Benefits

9% employer-contributed pension

50% off home motor and pet insurance

Up to 10% bonus

28 days annual leave

Employee discounts and cashback

Qualifications

• Experience of pricing a personal lines insurance product in a price optimisation capacity.
• Understanding of modelling processes and concepts and the link with risk/retail pricing.
• Experience managing transformations & supporting data environment builds desirable but not essential.

Responsibilities

• Develop price optimisation capability and infrastructure with the support of pricing practitioners & engineers.
• Work closely with the Head of Trading & Head of Pricing & Underwriting to define & support Pricing Strategy.
• Manage risk & trading performance via Actual vs Expected and model development.

Skills

Strong SQL skills

Experience in market standard pricing tools (e.g. Radar / Earnix)

Proven people leadership skills

Strong stakeholder management skills

Experience working in Python

Ability to innovate & work in a fast-paced environment

Tools

Tableau

Google Suite

Job description

About Us

At Direct Line Group insurance is just the start. Combining decades of industry experience with talented people in every field we are 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 whilst each and every one of our consumers gets the best price.

Join Us as a Rescue Pricing Optimisation & Strategy Lead

Green Flag has a legacy of being a strong brand in the Rescue market. We are looking for an enthusiastic and self‑motivated pricer / data scientist to join our exciting team as we look to grow our brands and offerings.

What you’ll be doing

Working in an agile way means you’ll take charge early on, soak up new experiences and, most importantly, positively influence and shape what we do, making an impact on our customers’ lives. We’ll utilise your skills where they are most needed while giving you the opportunity to build and grow the breadth of your expertise.

Key Responsibilities

• Develop price optimisation capability and infrastructure with the support of pricing practitioners & engineers working with external pricing engines.
• Work closely with the Head of Trading & Head of Pricing & Underwriting to define & support Pricing Strategy.
• Develop data infrastructure to enable price optimisation, multiple scheme loss ratio management and cater for clean data lineage across multiple platforms ensuring technical specs are created & maintained.
• Support trading activity including proposals, testing & PIRs and oversee optimisation strategies.
• Develop trading MI reporting & conduct processes to support positive customer and pricing outcomes.
• Manage risk & trading performance via Actual vs Expected and model development.
• Help develop & deliver the Pricing & Underwriting strategy & ensure the capability build required to deliver is in place.
• Liaise with our trading teams to deliver great customer and commercial outcomes.
• Work closely with the pricing & underwriting team to deliver great pricing & underwriting outcomes.

What you’ll need

• Experience of pricing a personal lines insurance product in a price optimisation capacity.
• Understanding of modelling processes and concepts and the link with risk/retail pricing.
• Strong SQL skills.
• Experience in market standard pricing tools (e.g. Radar / Earnix) preferred.
• Proven people leadership skills.
• Experience managing transformations & supporting data environment builds desirable but not essential.
• Strong stakeholder management skills.
• Experience working in Python desirable but not essential.
• Ability to innovate & work in a fast paced environment working with a breadth of initiatives.
• Experience working to budgets & developing business cases for capability enhancement.

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 50% of your working hours and we will consider the flexible working options that work best for you.

This role is available in our London, Bristol, Leeds or Glasgow offices.

What we’ll give you (Band 5)

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. Our core benefits include:

• 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% bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug‑in hybrid car in a tax efficient way.
• 28 days annual leave
• Buy as you earn share scheme
• Employee discounts and cashback
• Medical Cover
• Plus many more!

Being Yourself

Difference makes us who we are. We believe everyone should feel comfortable to bring their whole selves to work, that’s why we champion diverse voices, build workplaces that work for people and invest in the things that matter. From senior leadership to inclusion networks, adaptive working to inclusion training we’ve made it our mission to give you everything you need to be authentically you. Discover more at Together we’re one of a kind.

#LI-HYBRID

#LI-AW1

Key Skills

• Marketing
• Data Visualization
• Tableau
• Customer Segmentation
• Microsoft Powerpoint
• Investment Banking
• Strategic Planning
• Financial Modeling
• Customer relationship management
• Management Consulting
• Google Suite
• Analytics

Employment Type: Full‑Time

Experience: years

Vacancy: 1