At a Glance
- Tasks: Lead pricing strategies for Telematics, balancing customer value and company goals.
- Company: Join Hastings Direct, a digital insurance provider with ambitious growth plans.
- Benefits: Enjoy flexible hybrid working, competitive salary, and a range of wellbeing support.
- Why this job: Make a real impact in the insurance industry with innovative pricing solutions.
- Qualifications: Strong analytical skills, programming experience, and commercial awareness required.
- Other info: Dynamic team environment with opportunities for professional growth and development.
The predicted salary is between 43200 - 72000 ÂŁ per year.
Join to apply for the Senior Pricing Manager – Telematics role at Hastings Direct.
Overview
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 data and tech capabilities over the past few years, along with nurturing our 4Cs culture. We provide insurance for over four million customers and are looking for talented colleagues to help us grow.
Role Overview
The core of any insurance company is setting the correct price to cover expected claim costs. In this role you lead on that, developing pricing strategies with a high level of accountability, balancing customer value and commercial ambition.
Accountabilities
- Ownership of Telematics Underwriting (UW) pricing strategies with responsibility for the net price delivered to the customer, ensuring a balance between customer and company value.
- Hands‑on development of our UW pricing models using various data sets and techniques to deliver the optimal pricing outcome.
- Analyse large complex datasets to drive decision‑making that translates into commercial and customer value.
- Build and deliver robust MI and BI reporting to track key metrics and support trading and business decision‑making, gaining approval with our panel on changes.
- Ground all data and pricing decisions/practices in clear documented principles, managing and developing processes that reduce the likelihood of errors, always with the customer in mind.
- Ensure the customer always receives a price that is fair, justifiable and in line with our governance and processes.
- Develop new solutions (e.g., machine learning algorithms) to automate processes where they can add value and reduce manual intervention long‑term.
- Desire to continue learning new modelling techniques and finding new data sources to stay ahead of competitors.
Essential Skills/Experience
- Commercial awareness and an understanding of what makes a successful and profitable business.
- Ability to interact effectively with a wide variety of individuals, both technical and non‑technical.
- Advanced programming language skill (R, Python, SQL, etc.).
- Experience managing large datasets (storage, de‑duplication, etc.).
- Keen eye for detail.
- Strong numerical and analytical skills.
- Excellent communication skills and stakeholder management.
- Ability to work under pressure and prioritise accordingly.
- Strategic thinking about long‑term goals while balancing short‑term objectives.
Desirable
- Understanding of the insurance market.
- Experience working with external partners.
- Knowledge of financial services regulation, e.g., FCA and TCF guidelines.
Interview Process
- Recruiter screening call.
- Initial interview with hiring leader.
- Second interview with Telematics leaders.
Benefits
Hastings offers a competitive salary, ÂŁ5k car allowance and a range of benefits including:
- Flexible hybrid working.
- Competitive bonus scheme – all colleagues are eligible for our annual 4Cs performance bonus.
- Physical wellbeing support (private medical insurance, specialist access).
- Financial wellbeing package (life assurance, income protection, matched pension contributions, free mortgage advice, etc.).
- Mental wellbeing programme (thriving mental health app, CARE, mental health first aiders, support groups).
- 27 days annual leave + bank holidays, with the option to buy or sell a week.
- Health care cash‑back plans, dental plans, discounted health assessments, Cycle to Work and tech schemes.
- Discounts and free on‑site facilities, social events throughout the year.
Equal Opportunity
Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please also note that we have a thorough referencing process, which includes credit and criminal record checks.
Senior Pricing Manager - Telematics in England employer: Hastings Direct
Contact Detail:
Hastings Direct Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Manager - Telematics in England
✨Tip Number 1
Get to know the company inside out! Research Hastings Direct, their culture, and their recent projects. This will help you tailor your conversations during interviews and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Practice makes perfect! Prepare for common interview questions related to pricing strategies and data analysis. Use examples from your past experiences to demonstrate your skills and how they align with the role of Senior Pricing Manager.
✨Tip Number 3
Network like a pro! Connect with current or former employees on LinkedIn. They can provide insights about the company culture and the interview process, plus it shows your proactive approach to joining the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about the opportunity and want to be part of Hastings Direct's exciting journey.
We think you need these skills to ace Senior Pricing Manager - Telematics in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Pricing Manager role. Highlight your experience with pricing strategies, data analysis, and any relevant programming skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to Hastings Direct's ambitious plans. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role involves analysing large datasets, make sure to mention specific examples of how you've used data to drive decision-making in the past. We’re looking for those keen analytical minds that can balance customer value with commercial ambition.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Hastings Direct!
How to prepare for a job interview at Hastings Direct
✨Know Your Numbers
As a Senior Pricing Manager, you'll need to demonstrate your strong numerical and analytical skills. Brush up on key metrics related to pricing strategies and be ready to discuss how you would analyse large datasets to drive decision-making. Show them you can balance customer value with commercial ambition.
✨Master the Tech
Familiarise yourself with programming languages like R, Python, and SQL. Be prepared to talk about your experience managing large datasets and how you've used these tools in previous roles. Highlight any innovative solutions you've developed, especially if they involved machine learning or automation.
✨Communicate Clearly
You’ll be interacting with both technical and non-technical individuals, so practice explaining complex concepts in simple terms. Think of examples where you've successfully communicated pricing strategies or data insights to stakeholders. This will show your excellent communication skills and stakeholder management abilities.
✨Stay Ahead of the Game
Show your desire to continue learning by discussing new modelling techniques or data sources you've explored. Mention any recent trends in the insurance market that could impact pricing strategies. This demonstrates your strategic thinking and commitment to staying competitive in the field.