Senior Pricing Analyst

Direct Line Group Careers; Bristol; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Pricing Analyst to join their Motor Retail Modelling Team. This role focuses on building innovative pricing models that balance business objectives with customer needs. You will leverage statistical techniques and data analysis to drive value in the motor insurance sector, ensuring that the company remains competitive while delivering the best prices to customers. In a hybrid work environment, you will have the flexibility to work from home and the office, allowing you to thrive in a dynamic and supportive atmosphere. If you have a passion for data and a strong background in pricing analysis, this is the perfect opportunity for you.

Benefits

9% Employer Contributed Pension

50% Off Home, Motor and Pet Insurance

Free Travel Insurance

Health and Dental Insurance

Up to 10% Bonus

EV Car Scheme

25 Days Annual Leave

Buy as You Earn Share Scheme

Employee Discounts and Cashback

Qualifications

• Minimum 5 years experience in insurance pricing is essential.
• Strong understanding of statistical techniques and data analysis.

Responsibilities

• Build new models for price optimisation and predict market behaviours.
• Monitor performance of existing models and explore new data sources.

Skills

Statistical Techniques

SQL

Python

GLMs

Insurance Pricing Experience

Education

Degree in Numerate Subject

Tools

RADAR

EMBLEM

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 Senior Pricing Analyst in our Motor Retail Modelling Team.

What you’ll be doing

Within the Motor Retail Modelling team you’ll be responsible for building new models to feed into our price optimisation structure, predicting both market and customer behaviours. Alongside this you will monitor the performance of our existing models and look to explore new data sources and techniques to drive both customer and commercial value for the Motor business.

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 the opportunity to build and grow the breadth of your expertise.

Due to the requirements for this role, previous experience within insurance/pricing is essential (minimum 5 years).

What you’ll need

• Degree in numerate subject
• Experience working in insurance pricing (5+ years)
• A strong understanding of statistical techniques (e.g. GLMs)
• Experience of using SQL, Python, RADAR & EMBLEM ideal but not essential

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 2 days a week, and we'll consider the flexible working options that work best for you.

Read our flexible working approach here

What we’ll give you (Band 4)

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 free travel insurance and 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.
• 25 days annual leave, increasing each year up to a maximum of 28
• Buy as you earn share scheme
• Employee discounts and cashback
• 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 directlinegroupcareers.com

Together we’re one of a kind.

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