Senior Pricing Practitioner FTC - Motor Retail

Direct Line Group Careers; Leeds; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance company is seeking a Senior Pricing Analyst for their Motor Retail Trading team in the UK. This role involves leading price optimisation strategies and requires strong analytical skills and experience in retail pricing. The organization offers a hybrid working model and excellent benefits, including a pension scheme and employee discounts.

Benefits

9% employer contributed pension

50% off home, motor, and pet insurance

Up to 10% AIP Bonus

Generous holidays

Employee discounts and cashback

Qualifications

• Experience in Retail Pricing and Price Optimisation, ideally within a Motor trading environment.
• Strong understanding of the components of a pricing algorithm.
• Understanding of key legislation and regulation applying to Motor insurance.

Responsibilities

• Lead on the delivery of price optimisation strategies.
• Monitor performance against plans and identify opportunities.
• Contribute to the continuous improvement of pricing processes.

Skills

Retail Pricing and Price Optimisation

Numerical and analytical skills

Communication and stakeholder management

Data manipulation using SQL or Python

Tools

Radar or alternative pricing software

Job description

12m FTC

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

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.

What you'll be doing:

You will be a Senior Pricing Analyst in our Motor Retail Trading team. Reporting into the Motor Retail Trading team, your key responsibilities will include:

• Leading on the delivery of price optimisation strategies designed to achieve business objectives
• Proposing and delivering tactical changes to drive value or mitigate risk to plan
• Monitoring performance against plans and identifying deep dive activity in relation to performance anomalies and opportunities
• Inputting into the financial planning process
• Supporting the delivery of pricing in relation to cross‑functional initiatives
• Ensuring all deliverables are well governed and have all relevant controls in place
• Contributing to the continuous improvement of our pricing processes
• Establish pricing best practices in the team
• Coaching and developing others to improve their skills

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office. The office you work from could be any of our locations including London, Leeds, Manchester and Glasgow.

What you'll need:

We are keen to meet enthusiastic, passionate, and curious individuals who can collaborate effectively with the team and across teams. You will be expected to take ownership and deliver on your commitments. You should also have:

• Experience in Retail Pricing and Price Optimisation, ideally within a Motor trading environment
• Strong understanding of the components of a pricing algorithm
• Understanding of key legislation and regulation applying to Motor insurance and how this impacts pricing algorithms, models, and customers.
• Strong numerical and analytical skills with a keen eye for problem solving
• Strong communication and stakeholder management skills
• Ability to communicate complex information in a simple way
• Experience of Radar, or alternative pricing software
• Experience of data manipulation using coding languages, such as SQL or Python.
• Experience of statistical and mathematical techniques and proven experience of applying these effectively in General Insurance Pricing

Benefits

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

• 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% AIP Bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug‑in hybrid car in a tax efficient way.
• Generous holidays
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

Be yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you. #LI-AW1 #LI-HYBRID