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For Companies At a Glance
- Tasks: Lead pricing strategies and optimise value while mitigating risks in a dynamic team.
- Company: Join Direct Line Group, a top inclusive employer focused on innovation and customer satisfaction.
- Benefits: Enjoy a competitive pension, discounts, flexible work, and generous holidays.
- Why this job: Make a real impact in pricing while developing your skills in a supportive environment.
- Qualifications: Experience in retail pricing, strong analytical skills, and knowledge of pricing algorithms required.
- Other info: Hybrid working model with opportunities for career growth and personal development.
The predicted salary is between 36000 - 60000 £ per year.
DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.
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.
What you\’ll be doing:
You will be a Senior Pricing Analyst in our Motor Retail Trading team. Reporting into the Motor Retail Trading team, your key responsibilities will include:
- Leading on the delivery of price optimisation strategies designed to achieve business objectives
- Proposing and delivering tactical changes to drive value or mitigate risk to plan
- Monitoring performance against plans and identifying deep dive activity in relation to performance anomalies and opportunities
- Inputting into the financial planning process
- Supporting the delivery of pricing in relation to cross-functional initiatives
- Ensuring all deliverables are well governed and have all relevant controls in place
- Contributing to the continuous improvement of our pricing processes
- Establish pricing best practices in the team
- Coaching and developing others to improve their skills
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 2 days a week in the office.The office you work from could be any of our locations including London, Leeds, Manchester and Glasgow.
What you\’ll need:
We are keen to meet enthusiastic, passionate, and curious individuals who can collaborate effectively with the team and across teams. You will be expected to take ownership and deliver on your commitments. You should also have:
- Experience in Retail Pricing and Price Optimisation, ideally within a Motor trading environment
- Strong understanding of the components of a pricing algorithm
- Understanding of key legislation and regulation applying to Motor insurance and how this impacts pricing algorithms, models, and customers.
- Strong numerical and analytical skills with a keen eye for problem solving
- Strong communication and stakeholder management skills
- Ability to communicate complex information in a simple way
- Experience of Radar, or alternative pricing software
- Experience of data manipulation using coding languages, such as SQL or Python.
- Experience of statistical and mathematical techniques and proven experience of 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
- 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
- Additional optional Health and Dental insurance
- Up to 10% AIP Bonus
- EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
- Generous holidays
- 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 an inclusive place to work, where everyone can be themselves and succeed in their careers.
We know you\’re more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you. #LI-AW1 #LI-HYBRID
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Senior Pricing Practitioner - Motor Retail 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 Pricing Practitioner - Motor Retail
✨Tip Number 1
Network like a pro! Reach out to current employees at DLG on LinkedIn or through mutual connections. A friendly chat can give you insider info and might even lead to a referral, which is always a bonus!
✨Tip Number 2
Prepare for the interview by diving deep into DLG's pricing strategies and recent initiatives. Show us that you’re not just another candidate; demonstrate your passion for the industry and how you can contribute to our goals.
✨Tip Number 3
Practice your problem-solving skills! We love candidates who can think on their feet. Try mock interviews with friends or use online resources to tackle common pricing scenarios and analytical questions.
✨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 us you’re genuinely interested in joining our team.
We think you need these skills to ace Senior Pricing Practitioner - Motor Retail
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for pricing and the motor retail industry shine through. We want to see that you’re not just ticking boxes but genuinely excited about the role and how you can contribute to our team.
Tailor Your CV: Make sure your CV is tailored to highlight your experience in retail pricing and price optimisation. Use specific examples that demonstrate your skills and how they align with what we’re looking for in a Senior Pricing Analyst.
Be Clear and Concise: In your written application, clarity is key. Avoid jargon and keep your language straightforward. We appreciate candidates who can communicate complex ideas simply, so make it easy for us to understand your qualifications.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at DLG.
How to prepare for a job interview at Direct Line Group Careers
✨Know Your Numbers
As a Senior Pricing Practitioner, you'll need to demonstrate your strong numerical and analytical skills. Brush up on key pricing algorithms and be ready to discuss how you've applied statistical techniques in previous roles. Use specific examples to show how your insights have driven pricing strategies.
✨Understand the Market
Familiarise yourself with the current trends in motor retail pricing and the regulatory landscape. Be prepared to discuss how these factors influence pricing decisions. Showing that you understand the balance between business goals and customer needs will impress your interviewers.
✨Communicate Clearly
You’ll need to convey complex information simply, so practice explaining your past projects or pricing models in layman's terms. This will showcase your communication skills and ability to engage stakeholders effectively, which is crucial for this role.
✨Show Your Curiosity
DLG values enthusiastic and curious individuals. Prepare questions that reflect your interest in their pricing processes and how you can contribute to continuous improvement. This not only shows your passion but also your willingness to learn and grow within the team.
