Pricing Practitioner

Pricing Practitioner

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

  • Tasks: Lead pricing outcomes and support decision-making in a dynamic insurance environment.
  • Company: Join Direct Line Group, a customer-focused powerhouse in the insurance industry.
  • Benefits: Enjoy 50% off insurance, up to 10% bonus, 25+ days holiday, and flexible working options.
  • Why this job: Make a real impact on customers' lives while developing your skills in a collaborative team.
  • Qualifications: Previous pricing experience and proficiency in tools like SQL, Python, and modelling software required.
  • Other info: Work from home with occasional office visits; we support flexible working arrangements.

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 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

    At Direct Line Group, we pride ourselves on being a customer-obsessed market powerhouse that values talent and innovation. As a Pricing Practitioner, you'll enjoy a flexible work environment between Leeds, London, and home, with opportunities for professional growth and collaboration within a dynamic team. Our commitment to employee well-being is reflected in our comprehensive benefits package, including generous holiday allowances, insurance discounts, and a supportive culture that empowers you to make a meaningful impact.
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    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 pricing and underwriting within the insurance industry. Understanding current market dynamics will help you engage in meaningful conversations during interviews and demonstrate your knowledge of the field.

    ✨Tip Number 2

    Network with professionals in the insurance sector, especially those working in pricing roles. Attend industry events or join relevant online forums to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.

    ✨Tip Number 3

    Brush up on your technical skills, particularly in software and tools mentioned in the job description like Radar, Emblem, SAS, SQL, and Python. Being able to discuss your proficiency with these tools can set you apart from other candidates.

    ✨Tip Number 4

    Prepare to showcase your problem-solving abilities by thinking of specific examples where you've successfully tackled challenges in previous roles. This will help you illustrate your analytical skills and how they can benefit the team at Direct Line Group.

    We think you need these skills to ace Pricing Practitioner

    Pricing Experience in Insurance
    Technical Skills in Trading and Modelling
    Optimisation Techniques
    Risk Modelling Expertise
    Proficiency in Radar, Emblem, SAS, SQL, Python
    Analytical Skills
    Problem-Solving Skills
    Stakeholder Influence
    Collaboration Skills
    Excellent Communication Skills
    Agile Methodologies
    Data Analysis
    Curiosity and Adaptability

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Pricing Practitioner position. Tailor your application to highlight relevant experience in pricing, underwriting, and technical skills such as SQL or Python.

    Craft a Tailored CV: Your CV should reflect your previous pricing experience and technical expertise. Use specific examples that demonstrate your ability to adapt in changing environments and your problem-solving skills. Highlight any relevant software tools you are proficient in.

    Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the company's goals and how you can contribute to improving pricing performance. Be sure to mention your collaborative approach and ability to influence stakeholders.

    Proofread and Edit: Before submitting your application, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, and ensure that your documents are clear and concise. A polished application reflects your attention to detail and professionalism.

    How to prepare for a job interview at Direct Line Group

    ✨Showcase Your Technical Skills

    Make sure to highlight your proficiency with software and tools like Radar, Emblem, SAS, SQL, and Python. Be prepared to discuss specific projects where you've used these tools to solve problems or improve pricing strategies.

    ✨Demonstrate Your Analytical Thinking

    Prepare examples that showcase your analytical skills, particularly in areas like risk modelling and optimisation. Discuss how you've used data to influence decision-making and achieve business goals in previous roles.

    ✨Emphasise Collaboration and Communication

    Since the role involves working within a squad and engaging with stakeholders, be ready to share experiences where you've successfully collaborated with others. Highlight your communication skills and how they helped you positively influence outcomes.

    ✨Understand the Company Culture

    Research Direct Line Group's values and mission. Be ready to explain how your personal values align with theirs, especially regarding customer obsession and innovation. This will show that you're not just a fit for the role, but also for the company culture.

    Pricing Practitioner
    Direct Line Group
    Location: Leeds
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