Pricing Consultant – Risk Pricing in Glasgow

In Motor Retail Pricing, we’re not just another pricing team—we’re a group of curious innovators pushing boundaries to build best in class capability. Every day, we blend deep analytical expertise with bold, forward thinking ideas to deliver smarter pricing, sharper insights, and better outcomes for our customers and our business.

Following the merger, we have significant business backing to grow the team. This will help take us on the next step of our journey, collaborating across functions to shape customer centric products, journeys, and services, all while exploring new pricing approaches and productionising fresh ideas at pace. It’s a team where passionate problem solvers thrive, where experimentation is encouraged, and where your impact is felt immediately. Join us, and help redefine what outstanding pricing looks like.

The Risk Pricing Adaptations team is responsible for proposing adjustments to risk cost estimates based on market/claims data insight. You’ll bring your existing pricing skills to bear, leading on the design and testing of such changes to improve our pricing accuracy.

What you’ll be doing:

• Implementation of new features and factors including external data enrichment and enhancements to existing factors.
• Alignment of loss ratio and expense assumption views between business areas.
• Understanding the drivers of gaps in Actual vs Expected risk costs and taking action.
• Continually seeking and identifying new and potentially better approaches and testing their effectiveness, in line with corporate brand strategy.
• Investigating accuracy and confidence level of results provided.
• Working with Trading team to deliver the price changes to market.
• Ensuring that appropriate governance processes are followed to ensure we have relevant sign-offs and regulatory compliance checks have been completed.

Initially you’ll focus either on PCW or on Direct channels. Our hybrid model offers a 'best of both worlds' approach. When you’ll be in the office depends on your role and team, but colleagues spend at least 50% across the month.

What you’ll need:

• Experience in Risk pricing, in particular segmental change analysis, proposal, implementation and performance tracking, and Data Science.
• Strong understanding of the components of pricing algorithms and application of underwriting rules.
• Understanding of key legislation and regulation applying to motor insurance and how this impacts pricing algorithms, models, customer premiums and experience.
• Strong numerical and analytical skills with a keen eye for problem solving.
• Ability to communicate complex information in a simple way.
• Experience of Radar, or alternative pricing software.
• Extensive experience of multivariate modelling, for example in Emblem.
• Extensive experience of data manipulation using languages, such as SQL or Python.
• Experience of statistical and mathematical techniques and proven experience in applying these effectively in General Insurance Pricing.

Benefits

We 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 pension
• Annual company bonus of up to 10%
• 50% off home, motor and pet insurance, plus free Green Flag breakdown cover
• Generous holiday allowance
• Flexible benefits package including optional health and dental insurance
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Be yourself

Direct 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.