19 Jun 2017

Full-Time Principal Pricing Analyst – London – Bromley & Leeds

Directline Group – Posted by AdminAnywhere

Job Description

Principal Pricing Analyst

  • London – Bromley
  • Leeds

The motor insurance market is changing. Therefore the way in which motor insurance will be offered and priced in the future will change; this is why Direct Line Group is developing new future focused insurance propositions, from pay as you drive to crash detection and the associated customer support.

Your role in the transformation will be to deliver a comprehensive analytical pricing service for Direct Line Group focusing on the development of new, market leading insurance propositions. You will work closely with several areas, both within the Group, as well as with external organisations to ensure that Direct Line Group continues to utilise the technology currently available, and being developed, to disrupt the motor insurance market.

Key accountabilities:

  • Lead the development, implementation and maintenance of pricing (new business and renewal) for new motor insurance propositions
  • Liaise with the business and contribute to the development of new motor insurance propositions
  • Work with 3rd party suppliers and partners in order to build and maintain the pricing and associated mechanisms, for new propositions
  • Develop the appropriate MI to measure the performance of new propositions and to ensure portfolio risk is managed appropriately both within the team and by the wider trading teams
  • Liaise with all areas of the business, as appropriate, to embed new propositions into a business as usual function
  • Work closely with the risk modelling team to ensure consistency of pricing practice, utilising the risk models as our best view of risk assessment
  • Ensure that pricing action is appropriate and that all changes give the outcomes that are expected, to deliver the business plan
  • Ensure compliance with core Direct Line Group Policies, statutory and regulatory requirements, governance controls (including all relevant risk minimum standards) and timely completion of risk and audit actions. Ensure reputational risk is minimised
  • Develop your own skills and knowledge such that you have the expertise required to achieve current and future business requirements, including through secondments and rotations
  • Reinforce the culture and core values of Direct Line Group through appropriate behaviours and actions

Key Skills:

  • Demonstrable experience of working in a financial services in an analytical role or equivalent experience in another industry
  • Knowledge of working with large data sets and the use of data mining and other data science related techniques is preferable but note essential
  • Knowledge of SAS, EMBlem and/or optimisation software is preferable but not essential.

Career benefits and rewards

Rewarding you is really important to us, as well as offering a competitive salary and generous holiday entitlement; you can take advantage of a wide range of benefits. The best part is you can pick and choose the benefits to suit your own lifestyle, but also pass on some of the savings to family and friends. Here are just a few we have on offer:

  • A competitive salary, benchmarked against our competitors, which will grow as you do.
  • Pension 9% of your base salary, you can choose to contribute less or more than this, and anything you don’t wish to put in to your pension you can take as cash instead!
  • Private medical insurance (anyone can choose this through our flexible benefits scheme, and managers receive this as standard)
  • Attractive holiday entitlement
  • 50% off our Home, Motor and Pet insurance
  • Free Travel insurance
  • Free Green Flag breakdown cover
  • Flexible rewards including Life insurance, income protection, critical illness insurance, personal accident insurance
  • Retail card, with discounts at big name retailers
  • My Discounts – a discounts website for all our employees, with great discounts, cash back savings and offers across hundreds of brilliant  high street brands, travel, tickets, gym memberships and much more.

Who we are
Direct Line Group is an organisation with a clear mission: to make insurance much easier and better value for customers. We are one of the leading motor, home and small business insurers in the UK. We are home to some of the nation’s best-known brands, including Direct Line, Churchill, Privilege, Green Flag and NIG

Closing date – Undisclosed

To apply for this role click here to register your interests.

How to Apply

To apply for this role click the link shown above.

Job Categories: Other. Job Types: Full-Time and Permanent. Job Tags: Directline Group, diversity, equality, full time, inclusion, leeds, London - Bromley, permanent, and Principal pricing analyst. Salary: Competitive.

Apply for this Job