Job Description
Commercial Direct Pricing AnalystHybridAn opportunity to join us as a Pricing Analyst within our Commercial Direct Pricing & Underwriting team, which will cover the full remit of a pricing role including optimisation, trading, retail and risk pricing, pricing governance and data science. About Us:At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.We’ve now welcomed our new CEO, Adam Wilmslow, and are at the start of an exciting period of change for DLG. With ambitious plans for large-scale transformation, we’re going to see a refreshed strategy to drive value for our customers, colleagues and shareholders.What you’ll be doingAs a Pricing Analyst you’ll join the wider Pricing & Underwriting team, pro-actively planning and managing your own tasks to ensure the timely and accurate delivery of projects, and engaging in technical discussions with both external suppliers and internal stakeholders to ensure current and future business needs are met.Suggesting recommendations to improve DLG’s pricing performance and longer-term pricing capability, whilst maintaining underwriting disciplineProviding analytical support and insight to inform business decisions and strategy, with a responsibility for ensuring robustness of outputAssisting with the development of pricing models and ensure their appropriate use and application. Monitor the effectiveness of models on an ongoing basis to ensure they are fit for purpose and suggest areas of developmentAnalysing trading performance and monitor controls, including producing & analysing tactical MI, and develop recommendations to support the trading objectives. Identify gaps in existing MI and develop improvementsPlanning, managing and delivering specific tasks and projects in a pro-active, timely and accurate manner, providing insights, impacts and recommendationsInteracting effectively with peers in other areas of DLG to improve knowledge share and understand impacts of your work across the wider business. Ensure learnings are effectively communicated across the teamIdentifying opportunities for improvements to enable tasks to be performed in a more efficient manner. Challenge current processes appropriately with suggestions as to how these can be refinedDeveloping knowledge of pricing and underwriting systems and processes; develop your business, market knowledge and awareness of relevant industry issues which impact your area & incorporate in the work that you doDeveloping yourself in order to maximise your personal contribution to the team and identify opportunities to gain additional skills, including through secondments and/or rotationsIdentifying, owning and managing the risks involved in running our business appropriately to this role, in line with the company risk framework. Communicate to peers and team managers in a timely manner where you have discovered price, model or data issues and suggest appropriate remedial actionsEnsuring compliance with core DLG Policies, statutory and regulatory requirements, governance controls (including all relevant risk minimum standards) and timely completion of risk and audit actions, ensuring reputational risk is minimisedReinforcing the culture and core values of DLG through appropriate behaviours and actionsWhat we’re looking forPrevious pricing experience within an insurance pricing role, or recent graduate with a Mathematics-based degreeAbility to work and create in an ever changing environment Knowledge and/or desire to learn the following software; Radar, Emblem, AlteryxDisplay curiosity and collaboration as well as being an excellent communicator and a good problem solver What we’ll give youWe 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 pension50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown coverAdditional optional Health and Dental insuranceUp to 10% annual bonusEV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.Generous holidaysBuy as you earn share schemeEmployee discounts and cashbackBeing yourselfDirect 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.Ways of workingOur hybrid model offers a 'best of both worlds' approach. The perfect blend between connection and flexibility 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. For more information about our flexible working approach click here.