At a Glance
- Tasks: Lead a team to develop advanced data science solutions for home insurance pricing.
- Company: Hastings Direct is a digital insurance provider aiming to be the UK's market leader.
- Benefits: Enjoy flexible working, competitive bonuses, private medical insurance, and 27 days annual leave.
- Why this job: Join a culture focused on collaboration, innovation, and making a real impact in the insurance industry.
- Qualifications: Strong modelling skills, experience in data science, and knowledge of home insurance pricing required.
- Other info: Fully remote work available with occasional travel to Leicester or Bexhill.
The predicted salary is between 48000 - 84000 £ per year.
Location: Leicester / Bexhill – Please note, we offer fully remote working, provided you're able to travel to these locations occasionally.
Welcome to Hastings Direct. We’re a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we’ve made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people.
Role overview: We are looking for a highly capable and collaborative Senior Pricing Manager to drive the development of advanced data science solutions that support Hastings’ market-leading pricing strategies for Home insurance products. This role leads a mixed team of Actuaries and Data Scientists, working together to develop peril models, feeder models, and risk scores that underpin pricing and underwriting decisions across our Home insurance portfolio.
Key Responsibilities:
- Lead and manage a cross-functional team of Actuaries and Data Scientists, fostering collaboration and innovation in the development of pricing models and risk-based analytics.
- Oversee the creation and refinement of peril models, feeder models, and risk scores to support pricing and underwriting strategies for our Home book.
- Drive the expansion and success of single cover products, and alternative pricing strategies, ensuring they are as robust and competitive as our combined product.
- Collaborate closely with stakeholders across Underwriting, Pricing, and Account Management to ensure models are aligned with business needs and regulatory expectations.
- Mentor and support team members in their technical and professional development.
- Champion the use of modern machine learning techniques to enhance traditional actuarial approaches and deliver commercial value.
- Communicate complex modelling outcomes to senior stakeholders and influence decision-making across the business.
- Mentor and develop team members, fostering a culture of curiosity, collaboration, and continuous improvement.
Essential skills/experience:
- Strong technical modelling skills, with experience in both traditional actuarial methods and modern machine learning.
- Proven track record of delivering commercial value through data science in an insurance context.
- Deep understanding of home insurance pricing, including peril-based modelling and funding considerations.
- Experience in other general insurance lines of business will also be considered.
- Demonstrated ability to work across functions and influence stakeholders at all levels.
- Excellent communication skills, with the ability to translate complex technical concepts into business-relevant insights and influence across functions.
The interview process involves the below:
- Recruiter screening call
- 1st stage interview – Intro with Hiring Leader
- 2nd interview – case study round with hiring leaders
As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive. We also welcome applications through the Disability Confident Scheme (DCS).
Benefits: In addition to a competitive salary and £5k car allowance you will also receive:
- Flexible working – we champion a flexible hybrid working approach.
- Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus.
- Physical wellbeing – Hastings pay for you to receive private medical Insurance (PMI).
- Financial wellbeing – providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%.
- Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, and support groups.
- 27 days annual leave + bank holidays, with the option to buy or sell one of your 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.
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. At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed.
Contact Detail:
Hastings Direct Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Home Actuarial & Data Science Manager
✨Tip Number 1
Familiarise yourself with the latest trends in data science and machine learning, especially as they relate to the insurance industry. Being able to discuss recent advancements or case studies during your interview can demonstrate your passion and knowledge in the field.
✨Tip Number 2
Network with professionals in the actuarial and data science sectors, particularly those who work in home insurance. Engaging with industry experts can provide you with insights and potentially valuable connections that may help you stand out during the hiring process.
✨Tip Number 3
Prepare to showcase your leadership skills by thinking of examples where you've successfully managed teams or projects. Highlighting your ability to foster collaboration and innovation will resonate well with Hastings Direct's focus on team dynamics.
✨Tip Number 4
Understand the specific challenges and opportunities within the home insurance market. Being able to articulate how you would approach pricing strategies and risk modelling can set you apart as a candidate who is not only qualified but also strategically minded.
We think you need these skills to ace Senior Home Actuarial & Data Science Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial science and data science, particularly in the context of home insurance. Use specific examples that demonstrate your technical modelling skills and your ability to deliver commercial value.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities outlined in the job description, such as leading cross-functional teams and developing pricing models.
Showcase Your Communication Skills: Since excellent communication is essential for this role, consider including examples in your application that demonstrate your ability to translate complex technical concepts into business-relevant insights. This could be through previous projects or presentations.
Highlight Leadership Experience: Given the managerial aspect of the position, emphasise any leadership roles you've held. Discuss how you have mentored team members or led projects, showcasing your ability to foster collaboration and innovation within a team.
How to prepare for a job interview at Hastings Direct
✨Showcase Your Technical Skills
As a Senior Home Actuarial & Data Science Manager, you'll need to demonstrate strong technical modelling skills. Be prepared to discuss your experience with both traditional actuarial methods and modern machine learning techniques, providing specific examples of how you've applied these in previous roles.
✨Understand the Home Insurance Market
Make sure you have a deep understanding of home insurance pricing, including peril-based modelling and funding considerations. Research the current trends in the market and be ready to discuss how your insights can contribute to Hastings Direct's competitive edge.
✨Prepare for Case Studies
The interview process includes a case study round, so practice analysing data sets and presenting your findings clearly. Focus on how you would approach developing peril models or risk scores, as this will showcase your analytical thinking and problem-solving abilities.
✨Communicate Effectively
Excellent communication skills are essential for this role. Be ready to explain complex modelling outcomes in a way that is relevant to business stakeholders. Practise summarising your thoughts and findings succinctly, ensuring you can influence decision-making across functions.