Pricing Analyst
4 weeks ago
Pricing Analyst Role Overview
At Direct Line Group, we're seeking a skilled Pricing Analyst to join our Commercial Direct Pricing & Underwriting team. As a Pricing Analyst, you'll play a crucial role in optimising, trading, retail, and risk pricing, as well as pricing governance and data science.
About the Role
As a Pricing Analyst, you'll be responsible for:
- Suggesting recommendations to improve DLG's pricing performance and longer-term pricing capability, while maintaining underwriting discipline
- Providing analytical support and insight to inform business decisions and strategy, ensuring robustness of output
- Assisting with the development of pricing models and ensuring their appropriate use and application, monitoring their effectiveness on an ongoing basis
- Analysing trading performance and monitoring controls, including producing and analysing tactical MI, and developing recommendations to support trading objectives
- Planning, managing, and delivering specific tasks and projects in a proactive, timely, and accurate manner, providing insights, impacts, and recommendations
- Interacting effectively with peers in other areas of DLG to improve knowledge share and understand impacts of your work across the wider business
- Identifying opportunities for improvements to enable tasks to be performed in a more efficient manner, challenging current processes appropriately with suggestions for refinement
- Developing knowledge of pricing and underwriting systems and processes, as well as business, market knowledge, and awareness of relevant industry issues
- Developing yourself to maximise your personal contribution to the team and identifying opportunities to gain additional skills
- Identifying, owning, and managing the risks involved in running our business, in line with the company risk framework
- Ensuring compliance with core DLG policies, statutory and regulatory requirements, governance controls, and timely completion of risk and audit actions
Requirements
- Previous pricing experience within an insurance pricing role or recent graduate with a Mathematics-based degree
- Ability to work and create in an ever-changing environment
- Knowledge and/or desire to learn the following software: Radar, Emblem, Alteryx
- Display curiosity and collaboration, as well as being an excellent communicator and a good problem solver
What We Offer
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% annual bonus
- EV car scheme allowing 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
Being 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.
Ways of Working
Our hybrid model offers a 'best of both worlds' approach, combining the best parts of home and office working. When you'll be in the office depends on your role and team, but most colleagues spend 2 days a week in the office.
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