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- Tasks: Join our Motor Retail Trading team as a Pricing Analyst, optimising prices and driving value.
- Company: DLG is a forward-thinking company focused on customer-centric solutions and employee empowerment.
- Benefits: Enjoy 50% off insurance, flexible work options, generous holidays, and an EV car scheme.
- Why this job: Be part of a dynamic team that values innovation, collaboration, and personal growth.
- Qualifications: Experience in retail pricing, strong analytical skills, and knowledge of pricing algorithms required.
- Other info: We celebrate diversity and offer an inclusive workplace where everyone can thrive.
The predicted salary is between 28800 - 43200 £ 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 Pricing Analyst in our Motor Retail Trading team. Reporting into the Motor Retail Trading team, your key responsibilities will include:
Supporting 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 supporting deep dive activity in relation to performance anomalies and opportunities
Supporting 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
Helping to establish pricing best practices in the team
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
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
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-AW #LI-HYBRID
Pricing Practitioner employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Practitioner
✨Tip Number 1
Familiarise yourself with the latest trends in retail pricing and price optimisation. Understanding current market dynamics will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your knowledge of pricing algorithms and the legislation affecting motor insurance. Being able to discuss these topics confidently will set you apart from other candidates.
✨Tip Number 3
Network with professionals in the pricing and underwriting field. Engaging with industry experts can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 4
Prepare to showcase your analytical skills through practical examples. Be ready to discuss how you've used data manipulation tools like SQL or Python in past roles, as this will highlight your technical capabilities.
We think you need these skills to ace Pricing Practitioner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in retail pricing and price optimisation. Use specific examples that demonstrate your understanding of pricing algorithms and your analytical skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities outlined in the job description, particularly your experience with data manipulation and statistical techniques.
Showcase Your Technical Skills: If you have experience with coding languages like SQL or Python, be sure to include this in your application. Highlight any projects where you've applied these skills in a pricing context.
Demonstrate Problem-Solving Abilities: Provide examples in your application that showcase your problem-solving skills. Discuss how you've tackled performance anomalies or contributed to pricing strategies in previous roles.
How to prepare for a job interview at Direct Line Group
✨Understand Pricing Algorithms
Make sure you have a solid grasp of how pricing algorithms work, especially in the context of motor insurance. Be prepared to discuss your experience with these algorithms and how they impact pricing strategies.
✨Showcase Analytical Skills
Highlight your numerical and analytical skills during the interview. Be ready to provide examples of how you've used data manipulation tools like SQL or Python to solve complex problems in previous roles.
✨Communicate Clearly
Since the role involves communicating complex information, practice explaining intricate concepts in simple terms. This will demonstrate your ability to convey important details effectively to both technical and non-technical stakeholders.
✨Demonstrate Team Collaboration
Emphasise your ability to work collaboratively across teams. Share examples of past experiences where you successfully contributed to cross-functional initiatives, as this is crucial for the role in the Motor Retail Trading team.
