Pricing Manager

Pricing Manager

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyse large datasets and manage profitability for our product range.
  • Company: Join DLG, a leader in insurance, focused on customer-centric solutions.
  • Benefits: Enjoy flexible working, generous holidays, and discounts on insurance and travel.
  • Why this job: Make a real impact on customers' lives while growing your skills in a supportive environment.
  • Qualifications: Experience in insurance pricing, strong analytical skills, and familiarity with SQL and Python required.
  • Other info: Hybrid work model with at least 2 days in the office; diverse and inclusive workplace.

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.

Join us as a Pricing Manager in our Motor Manufacturing Tribe. This role will sit in the Portfolio Analysis Team and will work collaboratively with teams across Motor Risk and Retail Pricing, as well as colleagues in Underwriting, Trading and Finance teams.

What you\’ll be doing:We\’ll utilise your skills where they are most needed whilst also giving you an opportunity to build and grow the breadth of your expertise. There will be scope to soak up new experiences and most importantly you\’ll positively influence and shape what we do – making an impact on our customers lives.

Your job responsibilities may include:

In depth analysis of large datasets utilising a combination of SQL, Python and Radar.

Maintaining model scoring processes so that business has access to our latest view of profitability measures.

Managing profitability analysis of our range of products and brands, including Direct Line, Churchill and Privilege. Informing the future strategic direction of the product suite.

Developing and owning the Portfolio Analysis exhibits: rate tracking, profitability, Actual vs Expected, model stability and uncertainty metrics.

Feeding into financial planning, reinsurance analysis and other ad hoc strategic pricing tasks.

Identifying opportunities to help the business evolve and enhance existing processes.

Day-to-day management of 1-2 analysts.

You\’ll report to a Band 5 Pricing Practitioner, and work alongside a team of experienced colleagues. Between us we hold a breadth of experience across the industry, but we\’re always open to new approaches.

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.

What you\’ll need:

General insurance pricing experience, preferably in personal lines and across a broad range of functions.

Excellent problem-solving skills, with an ability to consider multiple scenarios, understand the needs and anticipate outcomes for the customers.

Familiarity with SQL, Radar and Python.

Strong stakeholder management, communication and presentation skills, with an ability to explain findings to both a technical and non- technical audience.

People management experience preferable, but not essential.

A numerate degree in Mathematics, Statistics or related subjects.

BenefitsWe 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 yourselfDirect 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.

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Pricing Manager employer: Direct Line Group

At DLG, we pride ourselves on being an exceptional employer that values the growth and well-being of our employees. As a Pricing Manager in our Motor Manufacturing Tribe, you'll enjoy a supportive work culture that encourages collaboration and innovation, alongside a comprehensive benefits package including generous holidays, a robust pension scheme, and flexible working arrangements. Our commitment to diversity and inclusion ensures that every team member can thrive and contribute meaningfully to our mission of putting customers at the heart of everything we do.
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Contact Detail:

Direct Line Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pricing Manager

Tip Number 1

Familiarise yourself with the latest trends in pricing strategies within the insurance industry. Understanding how companies like DLG balance customer needs with business goals will give you a solid foundation to discuss during interviews.

Tip Number 2

Network with professionals in the pricing and underwriting field. Attend industry events or join relevant online forums to connect with current employees at DLG or similar companies, which can provide insights and potentially lead to referrals.

Tip Number 3

Brush up on your SQL, Python, and Radar skills. Consider taking online courses or working on personal projects that demonstrate your ability to analyse large datasets, as this is crucial for the Pricing Manager role.

Tip Number 4

Prepare to showcase your problem-solving abilities. Think of specific examples where you've successfully navigated complex scenarios in previous roles, as this will highlight your fit for the analytical demands of the position.

We think you need these skills to ace Pricing Manager

General Insurance Pricing Experience
SQL Proficiency
Python Programming
Radar Software Knowledge
Data Analysis
Problem-Solving Skills
Stakeholder Management
Communication Skills
Presentation Skills
Numerical Analysis
People Management
Financial Planning
Reinsurance Analysis
Strategic Thinking

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in general insurance pricing, particularly in personal lines. Emphasise your familiarity with SQL, Python, and Radar, as well as any people management experience you may have.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly your problem-solving abilities and stakeholder management skills.

Showcase Analytical Skills: Provide specific examples of how you've used data analysis in previous roles. Mention any experience with large datasets and how you've contributed to profitability analysis or strategic decision-making.

Highlight Communication Skills: Since the role requires explaining findings to both technical and non-technical audiences, include examples of how you've successfully communicated complex information in the past. This could be through presentations, reports, or team collaborations.

How to prepare for a job interview at Direct Line Group

Showcase Your Analytical Skills

As a Pricing Manager, you'll be dealing with large datasets and complex analyses. Be prepared to discuss your experience with SQL, Python, and any relevant tools like Radar. Bring examples of how you've used these skills to solve problems or improve processes in previous roles.

Understand the Business Context

DLG places a strong emphasis on balancing business goals with customer needs. Research the company’s products and pricing strategies, and be ready to discuss how you can contribute to their objectives while ensuring customer satisfaction.

Demonstrate Stakeholder Management

Strong communication and presentation skills are crucial for this role. Prepare to share examples of how you've effectively communicated complex findings to both technical and non-technical audiences, and how you've managed relationships with stakeholders in past positions.

Prepare for People Management Questions

Even if people management experience isn't essential, it's beneficial to show your leadership potential. Think of instances where you've mentored or guided colleagues, and be ready to discuss your approach to managing and developing talent within a team.

Pricing Manager
Direct Line Group
Location: London

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