Senior Pricing Analyst – Motor Retail

Direct Line Group Careers; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking passionate individuals to join their innovative pricing team. In this exciting role, you will leverage your expertise in retail pricing and optimization to enhance customer outcomes and drive strategic pricing changes. Collaborating across teams, you will contribute to a transformative journey that prioritizes customer-centric products and services. With a commitment to continuous improvement and a supportive environment, this opportunity offers a chance to be part of a dynamic team that values diverse perspectives and empowers you to excel in your career. Join us and help shape the future of insurance!

Benefits

9% employer contributed pension

50% off home, motor and pet insurance

Up to 10% annual bonus

Generous holiday allowance + bank holidays

Health and Dental insurance options

EV car scheme

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Experience in Retail Pricing and Price Optimisation is essential.
• Strong analytical skills with a keen eye for problem solving.

Responsibilities

• Conduct research on new pricing approaches and propose strategic changes.
• Support delivery of pricing initiatives and drive continuous improvement.

Skills

Retail Pricing

Price Optimisation

Numerical Skills

Analytical Skills

Problem Solving

Communication

Tools

Radar

SQL

Python

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 a wealth of data, competitive marketplace, and mathematical models meet talented analysts. Pricing our products best requires continuous innovation and the ability to productionise new ideas to make better outcomes for customers and the business. 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 customers gets the best price possible.

Motor Retail – Research & Development

What you’ll be doing

Our mission is to be a best-in-class pricing function. To be the best of the best we need exceptional people. This is where your expertise comes into play! We are on an exciting transformation journey, and we take great pride in what we are delivering. To hit our financial targets, we will support and deliver various cross functional initiatives to provide competitive prices and customer centric products, customer journeys and services. We will do this in line with all legislation and regulation and make sure when things do go wrong, we have sleek processes to identify and resolve at pace and minimise customer and commercial impact. Join our Motor Retail tribe and help us to be the best, it’s a great time to join!

You will be using your pricing and underwriting skills and experience to help us achieve best in class pricing capability. Key responsibilities include:

• Carry out research on new pricing approaches and changes to existing approaches
• Propose and deliver strategic pricing changes to drive value and better customer outcomes
• Delivery of price optimisation strategies designed to achieve business objectives
• Support delivery of Pricing and cross functional Initiatives
• Make sure all deliverables are well governed and have all relevant controls in place
• Drive and support continuous improvement of processes
• Support in upskilling the junior members of the team and establishing pricing best practices in the team.

What we are looking for

We are keen to meet enthusiastic, passionate, and curious individuals who can collaborate effectively across several teams and team members. They should also have:

• Experience in Retail Pricing and Price Optimisation
• Insurance industry background
• Strong understanding of the components of pricing algorithms and application of underwriting rules
• Understanding of key legislation and regulation applying to motor insurance and how this impacts pricing algorithms, models, customer premiums and experience.
• Strong numerical and analytical skills with a keen eye for problem solving
• Ability to communicate complex information in a simple way
• Experience of Radar, or alternative pricing software
• Experience of data manipulation using languages, such as SQL or Python.
• Experience of statistical and mathematical techniques and proven experience of applying these effectively in General Insurance Pricing

What we’ll give you:

We recognise 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. Core benefits include:

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

Be yourself

We recognise and embrace people that work in different ways so if you need any reasonable adjustments within this recruitment process, please reach out to us and we can discuss how we can support you with this.

There’s no-one else like you. No-one with the exact same mix of strengths, quirks, skills, and thoughts. That’s why you could belong here. As part of a team, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every one of us brings. Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We know you're more than a CV, and the things that make you, you, are what bring potential to our business.

Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.

Together we’re one of a kind.