At a Glance
- Tasks: Lead pricing optimisation and strategy to enhance customer outcomes and business growth.
- Company: Direct Line Group, a customer-focused insurance powerhouse with a collaborative culture.
- Benefits: Flexible working, competitive salary, generous leave, and employee discounts.
- Other info: Join a diverse team committed to inclusivity and personal growth.
- Why this job: Make a real impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: Experience in personal lines insurance pricing and strong SQL skills required.
The predicted salary is between 36000 - 60000 £ per year.
About Us
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field, we’re a customer-obsessed market powerhouse. Pricing and Underwriting is a complicated world, where historical data, geospatial information, and mathematical models meet talented analysts. Pricing our products is a fine line between balancing our business goals and customer needs. That’s why our Pricers and Underwriters are the best of the best. They reduce risk and predict future events ensuring our business can continue to grow whilst each and every one of our consumers gets the best price.
Join us as a Rescue Pricing Optimisation & Strategy Lead in our Rescue Pricing & Underwriting Team. Green Flag have a legacy of being a strong brand in the Rescue market – we’re looking for an enthusiastic and self-motivated pricer/data scientist to join our exciting team as we look to grow our brands and offerings.
What you’ll be doing
- Working in an agile way means you’ll take charge early on, soak up new experiences and most importantly you’ll positively influence and shape what we do – making an impact on our customers lives.
- We’ll utilise your skills where they are most needed whilst also giving you the opportunity to build and grow the breadth of your expertise.
- Reporting into the Head of Pricing & Underwriting, key responsibilities will include:
- Develop price optimisation capability and infrastructure, with the support of pricing practitioners & engineers, working with external pricing engines.
- Work closely with the Head of Trading & Head of Pricing & Underwriting to define & support Pricing Strategy.
- Develop data infrastructure to enable price optimisation, multiple scheme loss ratio management, and cater for clean data lineage across multiple platforms, ensuring technical specs are created & maintained.
- Supporting on trading activity, including proposals, testing & PIRs, and oversee optimisation strategies.
- Development of trading MI reporting & conduct processes to support positive customer and pricing outcomes.
- Managing risk & trading performance, via Actual vs Expected and model development.
- Helping develop & deliver the Pricing & Underwriting strategy & ensuring the capability build required to deliver is in place.
- Liaising with our trading teams to deliver great customer and commercial outcomes.
- Working closely with the pricing & underwriting team to deliver great pricing & underwriting outcomes.
What you’ll need
- Experience of pricing a personal lines insurance product, in a price optimisation capacity.
- Understanding of modelling processes and concepts, and the link with risk/retail pricing.
- Strong SQL skills.
- Experience in market standard pricing tools (e.g. Radar/Earnix) preferable.
- Proven people leadership skills.
- Experience managing transformations & supporting data environment builds desirable, but not essential.
- Strong stakeholder management skills.
- Experience working in Python desirable, but not essential.
- Ability to innovate & work in a fast paced environment, working with a breadth of initiatives.
- Experience working to budgets & developing business cases for capability enhancement.
Ways of working
Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you’ll be in the office depends on your role, but most colleagues are in 50% of your working hours, and we’ll consider the flexible working options that work best for you. This role is available in our London, Bristol, Leeds or Glasgow offices.
What we’ll give you (Band 5)
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Our core benefits include:
- 9% employer contributed pension
- 50% off home, motor and pet insurance plus Green Flag breakdown cover
- Additional optional Health and Dental insurance
- Up to 10% bonus
- EV car scheme allows all colleagues to lease a brand new electric or plug‑in hybrid car in a tax efficient way.
- 28 days annual leave
- Buy as you earn share scheme
- Employee discounts and cashback
- Medical Cover
- Plus many more!
Being Yourself
Difference makes us who we are. We believe everyone should feel comfortable to bring their whole selves to work – that’s why we champion diverse voices, build workplaces that work for people, and invest in the things that matter. From senior leadership to inclusivity networks, adaptive working to inclusion training, we’ve made it our mission to give you everything you need to be authentically you.
Together we’re one of a kind.
Rescue Price Optimisation & Strategy Lead in Bristol employer: Direct Line Group Careers
At Direct Line Group, we pride ourselves on being a customer-centric powerhouse that values innovation and collaboration. Our flexible hybrid working model allows you to balance home and office life while enjoying excellent benefits such as a generous pension scheme, substantial discounts on insurance products, and opportunities for personal growth within a diverse and inclusive culture. Join us in our vibrant offices across London, Bristol, Leeds, or Glasgow, where your contributions will directly impact our customers and the future of our pricing strategies.
StudySmarter Expert Advice🤫
We think this is how you could land Rescue Price Optimisation & Strategy Lead in Bristol
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Direct Line Group. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by understanding their pricing strategies and recent developments in the insurance market. Show us you’re not just another candidate but someone who’s genuinely interested in making an impact.
✨Tip Number 3
Practice your storytelling skills. Be ready to share examples of how you've tackled challenges in pricing or data analysis. We love hearing about real experiences that showcase your problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re serious about joining our team.
We think you need these skills to ace Rescue Price Optimisation & Strategy Lead in Bristol
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Rescue Price Optimisation & Strategy Lead role. Highlight your experience in pricing personal lines insurance and any relevant skills, like SQL or Python, that match what we're looking for.
Showcase Your Achievements:Don’t just list your responsibilities; share specific achievements that demonstrate your impact in previous roles. Whether it’s optimising pricing strategies or managing transformations, we want to see how you’ve made a difference!
Be Clear and Concise:Keep your application clear and to the point. Use bullet points where possible and avoid jargon unless it’s relevant to the role. We appreciate straightforward communication that gets to the heart of your qualifications.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the details you need about the position there!
How to prepare for a job interview at Direct Line Group Careers
✨Know Your Numbers
As a candidate for the Rescue Price Optimisation & Strategy Lead role, it's crucial to brush up on your pricing strategies and data analysis skills. Be prepared to discuss specific examples of how you've used SQL or market standard pricing tools like Radar or Earnix to optimise pricing in previous roles.
✨Showcase Your Leadership Skills
This position requires strong people leadership skills, so think about times when you've successfully led a team or project. Be ready to share how you managed stakeholders and drove positive outcomes, especially in fast-paced environments.
✨Understand the Business Goals
Direct Line Group is all about balancing business goals with customer needs. Familiarise yourself with their mission and values, and be prepared to discuss how your experience aligns with their objectives. This will show that you're not just a fit for the role, but also for the company culture.
✨Prepare Questions
Interviews are a two-way street! Prepare insightful questions about the team's current challenges, the pricing strategy, and how they measure success. This demonstrates your genuine interest in the role and helps you assess if it's the right fit for you.
