At a Glance
- Tasks: Lead a team to innovate home insurance pricing strategies and improve profitability.
- Company: Join Hastings Group, a forward-thinking employer committed to inclusivity.
- Benefits: Enjoy a supportive work environment with opportunities for personal and professional growth.
- Other info: We value diversity and welcome applicants from all backgrounds.
- Why this job: Make a real impact in the insurance industry with your innovative ideas.
- Qualifications: Strong analytical skills and a background in general insurance are essential.
The predicted salary is between 70000 - 90000 £ per year.
The Home Alternative Pricing team is part of the broader family of home pricing and underwriting teams. The team’s purpose is to develop innovative ways to price home insurance by creating and leveraging new assets, and to identify additional profitable business opportunities to improve overall results.
Responsibilities:
- Lead the Home Alternative Pricing team, including working with Home AnDS.
- Create a work environment where everyone can be themselves, feel valued and have their points heard.
- Make pragmatic choices and decisions to ensure success in a rapidly changing marketplace.
- Own the overall net of commission pricing algorithm/structures for home alternative pricing.
- Design and set the pricing strategy for home alternative pricing, including developing new and innovative ways to improve home pricing.
Essential Skills & Qualifications:
- Inquisitive, curious, innovative nature.
- Strategic thinker who can set a strategy and vision that colleagues buy into.
- Strong general insurance background/knowledge and ability to apply that to home insurance.
- Ability to work across technical actuarial and data science modelling and more traditional risk pricing analytical areas, while bringing new innovative techniques to complement existing approaches.
- Strong analytical skills and ability to turn analysis and model outputs into business value.
- Coding experience (ideally Python) preferred.
As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive – applicants will have fair access to support and adjustments throughout the recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS). Regrettably, we are unable to offer sponsorship for this role.
Equal Opportunity Statement:
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.
Head of Home Alternative Pricing employer: Hastings Direct
Hastings Direct is an exceptional employer for Actuarial Graduates, offering a dynamic work environment in London that fosters professional growth and innovation. With a strong focus on employee well-being, the company provides competitive benefits including flexible working arrangements, a robust bonus scheme, and access to mental health resources. The collaborative culture encourages the development of cutting-edge actuarial skills through hands-on experience with modern tools like Python and AI, making it an ideal place for motivated individuals to launch their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Home Alternative Pricing
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Hastings Direct). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Hastings Direct. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Head of Home Alternative Pricing
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hastings Direct.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hastings Direct. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hastings Direct
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hastings Direct to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hastings Direct, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hastings Direct's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
