Rescue Price Optimisation & Strategy Lead

Direct Line Group; Leeds; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance company in the UK is seeking a Rescue Pricing Optimisation & Strategy Lead for its Pricing & Underwriting Team. The successful candidate will develop price optimisation capabilities and collaborate with various stakeholders to enhance pricing strategies. Candidates should have experience in personal lines insurance pricing, SQL skills, and ideally knowledge of pricing tools like Radar or Earnix. This role offers a hybrid working model with excellent benefits including a 9% pension contribution and various employee discounts.

Benefits

9% employer contributed pension

50% off home, motor and pet insurance

Up to 10% bonus

28 days annual leave

Employee discounts and cashback

Medical Cover

Qualifications

• Experience of pricing a personal lines insurance product in a price optimisation capacity.
• Strong understanding of modelling processes and concepts.
• Experience managing transformations and supporting data environment builds is desirable.

Responsibilities

• Develop price optimisation capability and infrastructure.
• Work closely with the Head of Pricing & Underwriting to define Pricing Strategy.
• Support trading activity and optimisation strategies.
• Manage risk and trading performance.

Skills

Pricing a personal lines insurance product

Strong SQL skills

Stakeholder management

People leadership

Understanding of modelling processes

Experience working in Python

Tools

Radar

Earnix

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

Join us as a Rescue Pricing Optimisation & Strategy Lead in our Rescue Pricing & Underwriting Team. Green Flag have a legacy of being a strong brand in the Rescue market – we’re 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 you’ll positively influence and shape what we do – making an impact on our customers lives. We’ll utilise your skills where they are most needed whilst also giving you to opportunity to build and grow the breadth of your expertise.

Reporting into the Head of Pricing & Underwriting, key responsibilities will include :

• 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.
• Supporting on trading activity, including proposals, testing & PIRs, and oversee optimisation strategies
• Development of trading MI reporting & conduct processes to support positive customer and pricing outcomes
• Managing risk & trading performance, via Actual vs Expected and model development.
• Helping develop & deliver the Pricing & Underwriting strategy & ensuring the capability build required to deliver is in place.
• Liaising with our trading teams to deliver great customer and commercial outcomes
• Working 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) preferable.
• 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'll consider the flexible working options that work best for you.

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

Read our flexible working approach

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 inclusivity 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.

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