At a Glance
- Tasks: Join our Motor Retail Modelling team to build and optimise pricing models.
- Company: DLG is a leading insurance provider focused on customer-centric solutions.
- Benefits: Enjoy flexible working, generous holidays, and a 9% pension contribution.
- Why this job: Be part of a dynamic team that values innovation and personal growth.
- Qualifications: Degree in a numerate subject with 5+ years in insurance pricing required.
- Other info: We celebrate diversity and support adjustments in our recruitment process.
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 will 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 is 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 will be doing
Within the Motor Retail Modelling team you will be responsible for building new models to feed into our price optimisation structure, predicting both market and customer behaviours. Alongside this you will monitor the performance of our existing models and look to explore new data sources and techniques to drive both customer and commercial value for the Motor business. Our hybrid model offers a 'best of both worlds' approach. When you will be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office.
What you will need
- Degree in numerate subject
- Experience working in insurance pricing (5+ years)
- A strong understanding of statistical techniques (e.g. GLMs)
- Experience of using SQL, Python, RADAR & EMBLEM ideal but not essential
- Due to the requirements for this role, previous experience within insurance/pricing is essential (minimum 5 years).
Benefits
We recognise we would not be where we are today without our colleagues, that is 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 have 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 are about recognising who you are and the life you live.
Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We are 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 are 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.
Senior Pricing Analyst 12m FTC employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst 12m FTC
✨Tip Number 1
Familiarise yourself with the latest trends in insurance pricing and data analysis. Understanding current market dynamics and customer behaviour will help you demonstrate your expertise during discussions.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in pricing and underwriting. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your SQL and Python skills, as these are crucial for the role. Consider working on personal projects or contributing to open-source projects to showcase your abilities.
✨Tip Number 4
Prepare to discuss specific examples of how you've used statistical techniques in previous roles. Being able to articulate your experience with GLMs and model performance monitoring will set you apart.
We think you need these skills to ace Senior Pricing Analyst 12m FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in insurance pricing, particularly the 5+ years required. Emphasise your skills in statistical techniques and any relevant software like SQL or Python.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about pricing analysis and how your background aligns with DLG's goals. Mention specific examples of how you've successfully built models or optimised pricing in previous roles.
Showcase Relevant Skills: Clearly outline your understanding of statistical techniques such as GLMs and any experience with tools like RADAR and EMBLEM. This will demonstrate your technical proficiency and suitability for the role.
Highlight Your Adaptability: Since DLG values flexibility and a hybrid working model, mention your ability to adapt to different work environments and your willingness to collaborate with teams both in-office and remotely.
How to prepare for a job interview at Direct Line Group
✨Showcase Your Analytical Skills
As a Senior Pricing Analyst, you'll need to demonstrate your strong analytical abilities. Be prepared to discuss specific examples of how you've used statistical techniques and data analysis in previous roles, particularly in insurance pricing.
✨Familiarise Yourself with Relevant Tools
While experience with SQL, Python, RADAR, and EMBLEM is ideal, it's important to show your willingness to learn. If you're not familiar with these tools, do some research beforehand and be ready to discuss how you would approach learning them.
✨Understand the Business Context
DLG places a strong emphasis on balancing business goals with customer needs. Make sure you understand their business model and be ready to discuss how your work as a pricing analyst can contribute to both customer satisfaction and company growth.
✨Prepare Questions for Your Interviewers
Interviews are a two-way street. Prepare thoughtful questions about the team dynamics, the challenges they face in pricing, and how success is measured in this role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.