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For Companies At a Glance
- Tasks: Research and implement innovative pricing strategies to enhance customer outcomes.
- Company: Join a leading insurance company focused on customer-centric solutions.
- Benefits: Enjoy flexible working, generous holidays, and a range of employee discounts.
- 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.
- Other info: Be part of an inclusive team that values diversity and personal growth.
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
- Using your pricing and underwriting skills and experience to help us achieve best in class pricing capability.
- Carrying out research on new pricing approaches and changes to existing approaches.
- Proposing and delivering strategic pricing changes to drive value and better customer outcomes.
- Delivery of price optimisation strategies designed to achieve business objectives.
- Supporting delivery of Pricing and cross functional initiatives.
- Ensuring all deliverables are well governed and have all relevant controls in place.
- Driving and supporting continuous improvement of processes.
- Supporting in upskilling the junior members of the team and establishing 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.
What we are looking for
- Enthusiastic, passionate, and curious individuals who can collaborate effectively across several teams and team members.
- Experience in Retail Pricing and Price Optimisation.
- Insurance industry background.
- Strong understanding of the components of pricing algorithms and application of underwriting rules.
- Understanding of key legislation and regulation applying to motor insurance and how this impacts pricing algorithms, models, customer premiums and experience.
- 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 languages, such as SQL or Python.
- Experience of statistical and mathematical techniques and proven experience of applying these effectively in General Insurance Pricing.
Benefits
- 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% 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.
Pricing Practitioner – Motor Retail employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Practitioner – Motor Retail
✨Tip Number 1
Network like a pro! Reach out to current employees at DLG on LinkedIn or through mutual connections. Ask them about their experiences and any tips they might have for landing the Pricing Practitioner role. Personal connections can give you an edge!
✨Tip Number 2
Prepare for the interview by brushing up on your pricing and underwriting knowledge. Be ready to discuss how you've used data analysis in past roles, especially with tools like SQL or Python. Show us you can communicate complex ideas simply!
✨Tip Number 3
Don’t just focus on your skills; highlight your passion for customer-centric pricing strategies. Share examples of how you've balanced business goals with customer needs in previous roles. We love candidates who think outside the box!
✨Tip Number 4
Apply through our website for the best chance of getting noticed! Tailor your application to reflect the key responsibilities and skills mentioned in the job description. We want to see how you can contribute to our team right from the start!
We think you need these skills to ace Pricing Practitioner – Motor Retail
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for pricing and underwriting shine through. We want to see how your curiosity and passion can contribute to our team and help us put customers at the heart of everything we do.
Tailor Your Experience: Make sure to highlight your relevant experience in retail pricing and price optimisation. We’re looking for candidates who can demonstrate their understanding of pricing algorithms and how they apply to motor insurance, so be specific about your skills and achievements.
Keep It Clear and Concise: We appreciate clear communication, especially when it comes to complex information. Use straightforward language to explain your experiences and skills, making it easy for us to see how you can fit into our team.
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 shows you’re keen on joining our awesome team!
How to prepare for a job interview at Direct Line Group
✨Know Your Numbers
As a Pricing Practitioner, you'll need to showcase your strong numerical and analytical skills. Brush up on key statistical techniques and be ready to discuss how you've applied them in previous roles. Prepare examples that highlight your problem-solving abilities using data.
✨Understand the Industry
Familiarise yourself with the insurance industry, especially motor insurance regulations and pricing algorithms. Be prepared to discuss how these factors influence pricing strategies. Showing that you understand the broader context will impress your interviewers.
✨Communicate Clearly
You’ll need to communicate complex information simply. Practice explaining your past projects or experiences in a straightforward manner. This will demonstrate your ability to collaborate effectively across teams, which is crucial for this role.
✨Show Enthusiasm for Continuous Improvement
DLG values continuous improvement, so come prepared with ideas on how you can contribute to process enhancements. Think about past experiences where you’ve driven change or supported junior team members, and be ready to share those stories.
