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.
Join us as a Core Brands Pricing Adequacy Lead in our Motor Manufacturing Tribe. This role will sit in the Pricing Adequacy Squad and will work collaboratively with teams across Motor Risk and Retail Pricing, as well as colleagues in Claims, Reserving and Finance teams.
What you’ll be doing
Working in an agile way means you’ll take charge early on, soak up new experiences and most importantly you’ll positively influence and shape what we do – making an impact on our customers lives. We’ll utilise your skills where they are most needed whilst also giving you to opportunity to build and grow the breadth of your expertise.
You’ll report to the Motor Pricing Adequacy Lead, leading reserving-style analysis in Python to understand the claims performance of all of our core motor brands, including Direct Line and Churchill. Collaborating with the Reserving and Claims Analytics teams, and deciding where to focus your own analysis, will be key to delivering our goals.
Your main responsibilities will include:
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Maintaining the Pricing-owned monthly projection of ultimate claim costs in Python, using the latest transactional claim data, insight from other teams, and your own experience and judgement.
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Developing our projection methodology to reduce and quantify uncertainty, and to provide the best baseline for inflation forecasting.
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Presenting the monthly view of claims performance to key stakeholders to support decisions across the business.
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Managing two direct reports, developing their pricing and reserving skills.
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Leading ad hoc analysis into emerging claims trends, exploring both external and risk-mix drivers of change.
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Supporting other product teams in developing their claims projections, including collaborating closely with the Motability Pricing team.
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Experience of leading reserving analysis in Motor insurance, ideally personal lines.
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Excellent problem solving skills, with an ability to consider multiple scenarios and anticipate outcomes for our customers.
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Experience with SQL and Python.
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Strong communication and presentation skills, with an ability to explain findings to both a technical and non-technical audience.
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A numerate degree in Mathematics, Statistics or related subjects.
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Ideally be a nearly- or fully-qualified actuary.
Our hybrid model way of working offers a ‘best of both worlds’ approach combining the best parts of home and office-working, offering flexibility for everyone. When you’ll be in the office depends on your role, but most colleagues are in 2 days a week, and we’ll consider the flexible working options that work best for you.
Office Location: London or Leeds (Hybrid) – 2 Days a week in the office.
Read our flexible working approach here
What we’ll give you
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Our core benefits include:
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9% employer contributed pension
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50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
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Private medical cover
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Up to 20% bonus
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EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
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Health Insurance
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30 days annual leave plus the option to buy/sell up to 5 days per year
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Buy as you earn share scheme
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Employee discounts and cashback
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Plus many more!
Contact Detail:
Direct Line Insurance Group Recruiting Team
