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- Tasks: Analyse motor claims data using Python and collaborate with various teams to enhance pricing strategies.
- Company: Join Direct Line Group, a leader in the insurance industry focused on innovation and customer satisfaction.
- Benefits: Enjoy a competitive salary, generous holidays, and a range of employee discounts and perks.
- Why this job: Make a real impact by optimising pricing strategies and supporting customer needs in a dynamic environment.
- Qualifications: Experience in motor insurance analysis, strong problem-solving skills, and proficiency in SQL and Python.
- Other info: Flexible hybrid working model and commitment to diversity and inclusion in the 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.
What you’ll be doing
You’ll join us as a Senior Pricing Analyst in the Motor Pricing Adequacy team, carrying out reserving-style analysis in Python to understand the claims performance of all of our core motor brands, including Direct Line and Churchill. Building new innovative ways of looking at emerging claims trends, and collaborating with the Reserving and Claims Analytics teams, will be key to delivering our goals. Your main responsibilities will include:
- Carrying out the Pricing-owned projection of ultimate claim costs in Python, using the latest transactional claim data, insight from other teams, and your own experience and judgement to contribute to the Pricing Best Estimate.
- Developing our projection methodology to reduce and quantify uncertainty, and to provide the best baseline for inflation forecasting.
- Contributing to the monthly view of claims performance presented to key stakeholders to support decisions across the business.
- Leading ad hoc analysis into emerging claims trends, exploring both external and risk-mix drivers of change.
- Supporting other product teams in developing their claims projections, including collaborating closely with the Motability Pricing 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 you’ll need
- Experience of carrying out reserving analysis in Motor insurance, ideally personal lines.
- Excellent problem solving skills, with an ability to consider multiple scenarios and anticipate outcomes for our customers.
- Experience with SQL and Python.
- Strong communication and presentation skills, with an ability to explain findings to both a technical and non-technical audience.
- A numerate degree in Mathematics, Statistics or related subjects.
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 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.
Senior Pricing Analyst - Pricing Adequacy 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 - Pricing Adequacy
✨Tip Number 1
Network like a pro! Reach out to current employees at DLG on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your Python and SQL skills. Be ready to discuss how you've used these tools in past roles, especially in relation to reserving analysis in motor insurance.
✨Tip Number 3
Showcase your problem-solving skills during interviews. Think of examples where you anticipated outcomes and made data-driven decisions that benefited customers. This is key for a Senior Pricing Analyst!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining the DLG team.
We think you need these skills to ace Senior Pricing Analyst - Pricing Adequacy
Some tips for your application 🫡
Show Off Your Skills: Make sure to highlight your experience with Python and SQL in your application. We want to see how you've used these skills in real-world scenarios, especially in motor insurance or reserving analysis.
Tailor Your Application: Don’t just send a generic CV! Tailor your application to reflect the specific responsibilities and requirements mentioned in the job description. This shows us you’re genuinely interested in the role and understand what we’re looking for.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language to explain your findings and experiences, as we value strong communication skills that can bridge technical and non-technical audiences.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands and allows us to get back to you quickly!
How to prepare for a job interview at Direct Line Group
✨Know Your Numbers
As a Senior Pricing Analyst, you'll be dealing with data all the time. Brush up on your understanding of key metrics in motor insurance and be ready to discuss how you would approach analysing claims performance using Python. Show them you can turn numbers into insights!
✨Showcase Your Problem-Solving Skills
Prepare to demonstrate your problem-solving abilities by thinking through potential scenarios related to pricing adequacy. Be ready to explain how you would anticipate outcomes for customers based on different data inputs. This will highlight your analytical mindset.
✨Communicate Clearly
You’ll need to present findings to both technical and non-technical audiences. Practice explaining complex concepts in simple terms. Use examples from your past experiences where you successfully communicated data-driven insights to diverse stakeholders.
✨Collaborate and Connect
Since collaboration is key in this role, think of examples where you've worked closely with other teams. Be prepared to discuss how you would approach working with the Reserving and Claims Analytics teams to develop innovative solutions for emerging claims trends.
