Job Title: Risk Pricing Manager
Location: Bexhill/Leicester/London – Hybrid
We’re a digital insurance provider with ambitious plans to become the best and biggest in the UK market. We’ve made huge investments in our pricing and data capabilities over the past few years, along with nurturing our 4Cs culture.
We provide insurance for over four million customers, but we know there’s even bigger opportunity out there – our Pricing, Data and Analytics community values curiosity, collaboration and constructive challenge.
We are always looking for new ideas and diverse perspectives to question established thinking and drive meaningful change. Great pricing is built on trust, innovation and precision, so our aim is to ensure customers receive a fair and accurate price based on their individual risk, supporting fair outcomes while delivering sustainable and profitable growth for our company.
Pricing is more than just a number – it’s a strategic capability. At the heart of Hastings is deep risk insight, continually improving how we assess, segment and price risk through data and analytics.
Role Overview
To lead a team of Risk Pricing Analysts in order to deliver overall profit and growth targets for underwriting through adjustments to the risk pricing models.
Key Accountabilities
- Develop and deliver new insight, including the integration of new data, new analytical techniques and new ways of working.
- Identify opportunities to improve our risk pricing models to expand our competitive footprint or rectify unprofitable segments.
- Lead Risk Pricing projects and project teams to generate value for the wider business.
- Develop key risk pricing tools and approaches.
- Lead and support risk pricing analysts through peer reviews, coaching and mentoring.
- Ensure that customers’ fair and reasonable expectations are met and provide fair outcomes; challenge processes that do not put customers’ interests at the heart of how we do business.
- Ensure completion of all training as mandated by the company and regulated by the FCA.
- Ensure that direct reports and self achieve and demonstrate the competence required to fulfil the job requirement.
Essential skills / experience
- Comfortable working with numerical/statistical data.
- Good skills in use of statistical/data manipulation packages (preferred) with aptitude for building advanced skills.
- Pro‑active approach to driving change.
- Critically evaluates information.
- Good communication skills, written and verbal.
- Confidence to express opinions and challenge.
- Pricing/analytics experience in the financial services sector.
- Basic knowledge of the insurance market and competitors.
- Good understanding of underwriting principles.
What we will give you
Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As an employee, you’ll be helping to drive our growth, and in return, we’ll give you all the support, training and development you need, along with recognition and rewards, and the scope to voice your ideas and put them into practice.
Benefits
- Flexible working – we champion a flexible hybrid working approach.
- Competitive bonus scheme – all colleagues are eligible for our annual 4Cs performance bonus.
- Physical wellbeing – as a Band 4 colleague, Hastings pays for private medical insurance (PMI).
- Financial wellbeing – we offer life assurance cover, income protection at no extra cost, matched pension contributions up to 10%, discounts, cashback, free independent mortgage advice and free access to financial wellbeing support.
- Mental wellbeing programme – we have the Thrive mental health app, a colleague assistance programme available 24/7, in‑house mental health first aiders, support groups and a dedicated team to cover your needs.
- Additional benefits – 27 days annual leave + bank holidays, option to buy or sell a week, health care cash‑back plans, dental plans, discounted health assessments, cycle‑to‑work and tech schemes, discounted and free onsite facilities, social events throughout the year.
Hastings Group is an equal opportunities employer and we treat people fairly. We welcome applications from all suitably skilled persons regardless of gender, age, race, disability, ethnic background, religion or belief, sexual orientation, gender reassignment or marital/family status. We conduct thorough referencing, including credit and criminal record checks.
At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require reasonable adjustments during the recruitment process, we encourage you to let us know; our recruitment team is here to provide support for a fair and accessible experience for all.
