Risk Pricing Manager

Hastings Direct; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A prominent insurance company based in the UK is looking for a Risk Pricing Manager to lead a team of analysts towards achieving profit and growth targets by enhancing risk pricing models. The role requires experience in pricing analytics within the financial services sector, strong numerical and statistical skills, and the ability to communicate effectively. The company promotes a supportive work culture with flexible working options and a competitive benefits package including private medical insurance and a performance bonus.

Benefits

Flexible working

Competitive bonus scheme

Private medical insurance

Life assurance cover

Matched pension contributions

Mental health support programme

27 days annual leave

Qualifications

• Experience working with numerical/statistical data is a must.
• Proficient in communication skills both written and verbal.
• Experience in pricing or analytics in financial services sector is essential.

Responsibilities

• Lead a team of Risk Pricing Analysts to meet profit and growth targets.
• Develop and deliver insights integrating new data and techniques.
• Identify and implement improvements in risk pricing models.

Skills

Comfortable working with numerical/statistical data

Good communication skills

Pricing/analytics experience in financial services

Job description

Job Title: Risk Pricing Manager

Location: Bexhill/Leicester/London

Role overview

To lead a team of Risk Pricing Analysts in order to deliver overall profit and growth targets for underwriting through adjustments to the risk pricing models.

Accountabilities

• Developing & delivering new insight, including the integration of new data, new analytical techniques and new ways of working.
• Identifying opportunities to improve risk pricing models in order to expand competitive footprint or rectify unprofitable segments.
• Leading Risk Pricing projects & project teams to generate value for the wider business.
• Develop key risk pricing tools and approaches.
• Lead and support risk pricing analysts through peer reviews, coaching and mentoring.
• Ensure that you are meeting customers’ fair and reasonable expectations and provide fair outcomes. Question and challenge peers and managers where processes and procedures do not meet these expectations and any activity that does not place customers’ interests at the heart of how we do business.
• Ensure completion of all training as mandated by the company and regulated by the FCA.
• Ensure that direct reports and self, achieve and demonstrate levels of competence required to fulfil job requirement.

Essential skills / experience

• Comfortable working with numerical/statistical data.
• Good skills in use of statistical/data manipulation packages (preferred) with aptitude for building advanced skills.
• Pro‑active approach to driving change.
• Critically evaluates information.
• Good communication skills, written and verbal.
• Confidence to express opinions / challenge.

• Pricing/analytics experience in the financial services sector.
• Basic knowledge of Insurance market & competitors.
• Good understanding of underwriting principles.

Interview Process

Recruiter screening call

1st Round – Intro call with Hiring manager

2nd Round – Case study round followed by call with Hiring leader

What we will give you

Join us and you’ll find a different way of doing things, with the 4Cs culture, support, training and development. In return, we’ll give you all support, training and development you need, recognition and rewards, and scope to voice ideas and put them into practice.

Benefits

• Flexible working – hybrid approach speaks to recruiter.
• Competitive bonus scheme – all colleagues eligible for annual 4Cs performance bonus.
• Physical wellbeing – private medical insurance (PMI) for Band 4.
• Financial wellbeing – life assurance cover, income protection, matched pension contributions up to 10%, discounts, cashback, free independent mortgage advice and financial wellbeing support.
• Mental wellbeing programme – Thrive mental health app, colleague assistance programme, in‑house mental health first aiders, support groups.
• 27 days annual leave + bank holidays, option to buy/sell a week, health care cashback plans, dental plans, discounted health assessments, cycle to work and tech schemes, discounted and free onsite facilities, social events.

Disability Confident Employer

We’re committed to ensuring recruitment is fully inclusive. If applying through the Disability Confident Scheme (DCS), you’ll have fair access to support and adjustments throughout the recruitment journey.

Equal Opportunities Statement

Hastings Group is an equal opportunities employer and welcomes applications from all suitably skilled persons regardless of gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. We conduct thorough referencing, including credit and criminal record checks.