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- Tasks: Lead pricing strategies for pet insurance, optimising rates and ensuring great customer outcomes.
- Company: Join Direct Line Group, a customer-focused powerhouse in the insurance industry.
- Benefits: Enjoy flexible working, competitive salary, and fantastic perks like 50% off insurance.
- Why this job: Make a real impact in the pet insurance market while developing your skills.
- Qualifications: Experience in personal lines insurance pricing and strong SQL skills required.
- Other info: Hybrid working model with opportunities for career growth and inclusivity.
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. And we all work together to be brilliant for customers, every single day.
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 Senior Pet Retail Pricing Practitioner in our Pet Pricing & Underwriting Team. Direct Line & Churchill have a legacy of being a strong brand in the Pet market – we’re looking for an enthusiastic and self-Pricing lead 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 Pet Pricing lead, key responsibilities will include:
- Initially supporting on the migration of our existing products onto a new platform & a successful delivery of our new & updated product suite, data requirements & schema definitions working in a highly focused, cross-group environment.
- Working in a fast-paced environment, you’ll oversee a successful migration & develop out future products in a new & exciting part of the group.
- Work closely with the Head of Pricing & Underwriting & Pet pricing lead, and trading team to deliver pricing strategy.
- Responsibility for price optimisation & setting of market rates in line with business targets & budgets.
- Delivery of margin, conversion & retention, and price trading, and oversee performance of demand models.
- Develop algorithm and product build.
- Deployment of rates & Underwriting rules.
- Responsible for delivering budgeted pricing position.
- Develop data & MI 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.
- 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.
- Delivery of platform migration with wider pricing team.
- Deputise for the Pet Pricing lead as required.
What you’ll need
- Experience of pricing a personal lines insurance product, in a price optimisation & retail trading capacity.
- Understanding of modelling processes and concepts, and the link with risk/retail pricing.
- Strong SQL skills, and experience of Pricing & deployment tools such as Earnix or Radar.
- Strong stakeholder management skills.
- 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.
- System Migration experience.
- Pet experience preferable.
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 the week, and we’ll consider the flexible working options that work best for you. This role is available in our London, Bristol or Leeds offices.
What we’ll give you
(Band 4) 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.
- 25 days annual leave, increasing each year up to a maximum of 28
- Buy as you earn share scheme
- Employee discounts and cashback
- 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. Discover more at directlinegroupcareers.com
Senior Pet Retail Pricing Practitioner employer: Direct Line Group Careers
Contact Detail:
Direct Line Group Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pet Retail Pricing Practitioner
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Direct Line Group. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for the interview by understanding the company’s values and how they align with your own. Show them you’re not just a fit for the role, but for the culture too!
✨Tip Number 3
Practice your pricing strategies and be ready to discuss your past experiences. Use real examples to demonstrate your skills in price optimisation and stakeholder management.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace Senior Pet Retail Pricing Practitioner
Some tips for your application 🫡
Show Your Passion for Pets: When you're writing your application, let your love for pets shine through! Mention any relevant experience or personal anecdotes that highlight your enthusiasm for the pet industry. We want to see how you connect with our mission!
Tailor Your Experience: Make sure to customise your application to reflect the specific skills and experiences that align with the Senior Pet Retail Pricing Practitioner role. Highlight your pricing experience and any system migration projects you've been involved in. This helps us see how you fit into our team!
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon unless it's relevant to the role. We appreciate a well-structured application that makes it easy for us to understand your qualifications and motivations.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at Direct Line Group!
How to prepare for a job interview at Direct Line Group Careers
✨Know Your Numbers
As a Senior Pet Retail Pricing Practitioner, you'll need to demonstrate your understanding of pricing strategies and optimisation. Brush up on key metrics related to personal lines insurance and be ready to discuss how you've used data to influence pricing decisions in the past.
✨Showcase Your SQL Skills
Strong SQL skills are essential for this role. Prepare to talk about specific projects where you've used SQL to analyse data or optimise pricing. If possible, bring examples of queries you've written or insights you've derived from data analysis.
✨Understand the Market
Familiarise yourself with the pet insurance market and the competitive landscape. Be prepared to discuss how you would approach price setting and optimisation in this sector, and share any innovative ideas you have for improving pricing strategies.
✨Engage with Stakeholders
Stakeholder management is crucial in this role. Think of examples where you've successfully collaborated with different teams or departments. Be ready to explain how you would work with the trading team and other stakeholders to achieve great customer outcomes.