Senior Risk Pricing Manager - Motor

Hastings Direct; Leicester; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Car allowance

Private medical insurance

Job summary

Hastings Direct, a fast-growing digital general insurer, seeks a Senior Risk Pricing Manager to lead risk pricing strategies for motor across London, Bexhill, and Leicester in a hybrid setup. You will drive segmentation, develop advanced models, and ensure governance and regulatory compliance while collaborating with ExCo and cross-functional teams.

The role requires expert pricing experience, strong communication skills, and proven leadership to steer pricing initiatives from concept through

Qualifications

• Strong experience in general insurance pricing (UK motor).
• Deep technical expertise in statistical modelling (GLMs; ML desirable).
• Proven track record of delivering end-to-end pricing initiatives.
• Strong understanding of regulatory and governance requirements (GIPP).
• Excellent communication skills with ability to influence at senior leadership level.
• Demonstrated leadership and people management experience.

Responsibilities

• Lead design and implementation of risk pricing strategies across car portfolio with measurable commercial impact.
• Oversee development of pricing models ensuring robustness and alignment with business goals.
• Ensure pricing activity meets governance standards and regulatory requirements; manage RAC submissions.
• Partner with Underwriting, Retail, Finance and Analytics to align pricing with business goals and leadership.
• Monitor pricing performance and identify trends; optimise models post-deployment.
• Manage and develop Pricing team; provide coaching and career development.

Skills

Pricing strategy

Modelling & analytics

Governance & compliance

Stakeholder management

Performance monitoring

Leadership

Tools

GLMs

Machine learning

Telematics

Job description

Senior Risk Pricing Manager – Motor London / Bexhill / Leicester – Hybrid

We’re a digital insurance provider with ambitious plans to become the best and biggest in the UK market. We’ve made huge investments in our pricing and data capabilities over the past few years, along with nurturing our 4Cs culture. We provide insurance for over four million customers, but we know there’s even bigger opportunity out there – our Pricing, Data and Analytics community value curiosity, collaboration and constructive challenge. We are always looking for new ideas and diverse perspectives to question established thinking and drive meaningful change. Great pricing is built on trust, innovation and precision, so our aim is to ensure customers receive a fair and accurate price based on their individual risk, supporting fair outcomes, while delivering sustainable and profitable growth for our company. Pricing is more than just a number – it’s a strategic capability. At the heart of Hastings is deep risk insight – continually improving how we assess, segment and price risk through data and analytics.

Key Responsibilities

• 1. Pricing Strategy & Delivery Lead the design and implementation of risk pricing strategies across car portfolio Drive improvements in pricing sophistication, segmentation, and predictive capability. Own delivery of pricing changes from concept through to deployment, ensuring measurable commercial impact.
• 2. Modelling & Analytics Oversee development of advanced pricing models (GLMs, machine learning, telematics where relevant). Ensure models are statistically robust, well-documented, and aligned with business objectives. Translate complex analytical outputs into clear, actionable insights for senior stakeholders.
• 3. Governance & Compliance Ensure all pricing activity meets internal governance standards and regulatory requirements (e.g., GIPP compliance). Lead preparation and sign-off for Pre-RAC/RAC submissions and material pricing decisions. Maintain strong controls around model changes, documentation, and auditability.
• 4. Stakeholder Management Partner closely with Underwriting, Retail, Finance, and Analytical Engineering teams. Communicate pricing strategy and performance clearly to senior leadership (e.g., ExCo, CPC). Influence cross-functional decisions to ensure alignment between pricing, trading, and underwriting.
• 5. Performance Monitoring Track and evaluate pricing performance (loss ratio, conversion, retention, etc.). Identify emerging trends and proactively recommend strategic adjustments. Ensure ongoing optimisation of pricing models and strategies post-deployment.
• 6. Team Leadership & Development Manage and develop a team of Pricing Managers, Analysts, and Senior Analysts. Provide coaching, technical guidance, and career development support. Foster a high-performance, collaborative, and inclusive team culture.

Key Skills & Experience

• Strong experience in general insurance pricing (preferably UK motor).
• Deep technical expertise in statistical modelling (e.g., GLMs; exposure to ML desirable).
• Proven track record of delivering end-to-end pricing initiatives.
• Strong understanding of regulatory and governance requirements (e.g., GIPP).
• Excellent communication skills with ability to influence at senior leadership level.
• Demonstrated leadership and people management experience.

Recruitment Process

• Recruitment screening call 1st Round Intro with the hiring leader
• Case Study round – a mix of Technical and Competency

As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive – what this means to you is if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).For more information on the DCS, please visit our inclusive business page on our careers website

What we offer

Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you’ll be helping to drive our growth, so in return, we’ll give you all the support, training and development you need. Not to mention plenty of recognition and rewards, and the scope to voice your ideas and put them into practice.

• Reward Salary – Attractive salary based on experience + car allowance (pay reviews also completed each year)
• Flexible Working – We champion a flexible and hybrid working approach so please speak to your recruiter to discuss in more detail, including days in the office and at home.
• Competitive Bonus Scheme- All colleagues are eligible for our annual 4Cs performance bonus, which is usually paid in March. The scheme is based on Hastings’ performance against our business goals and your own personal performance.
• Physical Wellbeing – as a Band 4 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI) This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen.
• Financial Wellbeing – As well as providing you with 4x your salary with our life assurance cover and income protection at no extra cost, pension contribution match up to 10%, we are proud to provide you with an AWARD WINNING package which includes – discounts and cashback at everyday retailers and on our own products, fee free independent mortgage advice, and free access to financial wellbeing support.
• Mental Wellbeing programme – At Hastings Direct we understand that mental health cannot not be scheduled, that’s why we have a range of support to help you keep yourself well. We have the thrive mental health app, our colleague assistance programme available 24/7, our own, in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs
• There's more! – 27 days annual leave + bank holidays, with the option to buy or sell one of your contracted weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more …

We deliver good outcomes for our customers every time by providing great products at the right price with our simple and straightforward service. Wetreat customerslike we want to be treated - fairly, respectfully and with their best interests at heart.

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.

Please also note that we have a thorough referencing process, which includes credit and criminal record checks.

At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed.

If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us.

Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.

Job posting end date: 04/10/2026

Would you like to learn more about how we value diversity and inclusion at Hastings Direct and what our rewards and benefits package looks like? Are you interested in how we engage with and support our local communities and the wonderful wellbeing programme you will have access to?

Hastings Direct is a fast growing, agile, digitally focused general insurance provider of products and services to over 4 million customers in the UK, employing over 4,600 colleagues. Our vision – to be the best and biggest digital insurance provider in the market. It's our attitude and the way we run our business that makes us different. We focus on getting it right for our colleagues, customers, company and community. It's a dynamic, flexible, fun and constantly changing environment. You'll enjoy the scope to make a real difference for our customers, influence our company, benefit the communities we work in and have fun along the way.