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For Companies At a Glance
- Tasks: Lead underwriting and pricing strategy, ensuring robust portfolio performance and compliance.
- Company: Fast-growing specialist insurance platform with a focus on innovation.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact on pricing sophistication and drive profitable growth in a dynamic environment.
- Qualifications: Significant experience in underwriting and pricing within personal lines insurance.
- Other info: Join a team that values data-driven decision making and offers genuine influence.
The predicted salary is between 72000 - 108000 £ per year.
Underwriting & Pricing Director
Location: North West (Hybrid - 1 day per week in the office)
Permanent
The Opportunity
An ambitious and fast-growing specialist insurance platform is seeking an experienced Underwriting & Pricing Director to lead underwriting and pricing performance across its UK personal lines portfolio. This is a senior leadership role combining technical underwriting expertise, advanced pricing capability and strong governance oversight within a delegated authority environment. The successful candidate will play a central role in driving profitable growth, improving pricing sophistication and ensuring robust portfolio performance.
Reporting to the Chief Operating Officer, this position will work closely with underwriting, pricing, technology and analytics teams to deliver disciplined underwriting, data-driven decision making and strong regulatory governance.
Key Responsibilities:
- Underwriting & Pricing Leadership
- Lead and shape underwriting and pricing strategy across the portfolio
- Define underwriting appetite, referral frameworks and pricing governance standards
- Enhance pricing sophistication, rating structures and risk segmentation approaches
- Embed data-driven decision making across underwriting and pricing activities
- Drive innovation in underwriting processes and product development
- Governance, Controls & Compliance
- Maintain strong underwriting and pricing governance aligned with FCA requirements including Consumer Duty
- Ensure full compliance with delegated underwriting authority agreements
- Lead underwriting and pricing oversight during carrier audits and due diligence reviews
- Implement robust documentation, control frameworks and risk oversight processes
- Ensure fair value assessments and pricing transparency remain central to decision making
- Portfolio Performance
- Own portfolio performance including loss ratio and overall profitability
- Monitor pricing adequacy, claims trends and evolving risk exposures
- Oversee exposure management, aggregation controls and concentration risk
- Provide regular MI and portfolio insight to executive leadership and capacity providers
- Support scenario modelling and stress testing to inform business decisions
- Capacity Provider & Broker Engagement
- Act as a senior underwriting and pricing contact for capacity providers
- Support DUA negotiations, renewals and capacity expansion discussions
- Maintain transparent communication of portfolio performance and pricing outcomes
- Work closely with brokers and distribution partners to drive sustainable and profitable growth
- Product & Pricing Development
- Lead the development and refinement of insurance products and rating structures
- Work alongside actuarial and analytics teams to validate and enhance pricing models
- Ensure products remain competitive while maintaining technical pricing adequacy
- Identify opportunities for innovation within specialist market segments
- Data, Technology & Analytics
- Champion the use of data, analytics and technology in underwriting and pricing
- Oversee development of dashboards, predictive insights and portfolio optimisation tools
- Ensure management information supports both commercial performance and regulatory compliance
- Promote automation and efficiency across underwriting workflows
- Leadership
- Contribute to wider strategic planning and business growth initiatives
- Work closely with Finance, Operations, Compliance, Claims and Technology teams
- Support executive reporting, including board and investor updates where required
- Build and develop high-performing underwriting and pricing teams
About You
You will be an experienced underwriting and pricing leader with strong technical expertise and commercial awareness within UK personal lines. You will likely bring:
- Significant senior underwriting and pricing experience within personal lines insurance
- Experience working within an MGA or delegated authority environment
- Strong understanding of FCA regulation and Consumer Duty requirements
- Proven experience managing portfolio performance and loss ratio optimisation
- Experience working with pricing models, analytics and data-driven underwriting
- Confidence engaging with capacity providers and distribution partners
- Strong leadership capability with experience developing high-performing teams
Why This Role
This is an opportunity to join a growing insurance platform at an exciting stage of development. The role offers genuine influence over underwriting performance, pricing sophistication and portfolio growth within a business that values innovation, disciplined underwriting and data-led decision making.
Director of Pricing employer: Change Recruitment
Contact Detail:
Change Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Pricing
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend local events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We should be ready to discuss how our skills align with their goals, especially in underwriting and pricing strategies. Show them you’re the perfect fit!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. We can refine our answers and boost our confidence, making sure we shine when it’s time to impress the hiring team.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows our enthusiasm for the role and keeps us fresh in their minds. Plus, it’s a great chance to reiterate why we’re the best choice for the position.
We think you need these skills to ace Director of Pricing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Director of Pricing. Highlight your relevant experience in underwriting and pricing, and don’t forget to showcase your leadership skills. We want to see how you can drive profitable growth!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific achievements that demonstrate your expertise in pricing strategy and governance. We love a good story!
Showcase Your Data Skills: Since this role involves a lot of data-driven decision making, make sure to highlight your experience with analytics and technology. Talk about how you've used data to enhance pricing models or improve portfolio performance. We’re all about innovation!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets the attention it deserves. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Change Recruitment
✨Know Your Numbers
As a Director of Pricing, you'll need to demonstrate your understanding of key metrics like loss ratios and portfolio performance. Brush up on your past experiences with these figures and be ready to discuss how you've driven improvements in pricing sophistication and risk segmentation.
✨Showcase Your Leadership Style
This role requires strong leadership capabilities. Prepare examples of how you've built and developed high-performing teams in the past. Think about specific challenges you faced and how you motivated your team to achieve results, especially in a fast-paced environment.
✨Understand Regulatory Requirements
Familiarise yourself with FCA regulations and Consumer Duty requirements. Be prepared to discuss how you've ensured compliance in previous roles, particularly in relation to underwriting governance and pricing transparency. This will show that you can navigate the regulatory landscape effectively.
✨Engage with Data and Technology
Highlight your experience with data-driven decision making and the use of analytics in underwriting and pricing. Be ready to discuss any tools or dashboards you've implemented to enhance portfolio performance and how you've championed innovation in your previous roles.