Home Risk Pricing Manager

Welcome to Hastings Direct. 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 value 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.

The role: The risk pricing manager will lead a team of 2 analysts with the aim of delivering our profit and growth targets for home.

Key Accountabilities

• Prioritising team resource and workstack items to help achieve our home profit and growth targets
• Analysing various data sources (including loss, policy, quote and market data) to identify opportunities to improve our risk pricing
• Developing & delivering new insight, including the integration of new data, new innovative techniques and ways of working
• Working closely with Actuarial, Data Science, Underwriting, Data Engineering, Account Management, Retail and Counter Fraud / Digital teams
• Critically review technical models produced by actuaries and data scientists
• Analyse the above models to determine the optimal way to combine these model outputs to improve the pricing algorithm
• Analyse the models to identify segments where prices can be improved
• Create and maintain tools that enable us to source new pricing leads on an automated basis
• Representing the home team on various underwriting projects to generate value for the wider business
• Support the team through peer reviews, coaching and mentoring
• Ensure that we are meeting customers’ fair and reasonable expectations and provide fair outcomes for our customers

What we’re looking for

• Strong general insurance background/knowledge preferable
• Strong Analysis and coding experience. Python preferred, but if experience is with other coding languages then this can be trained up
• Comfortable working with and analysing numerical/statistical data
• Thirst for making change / Inquisitive, curious nature
• Collaborates well with colleagues from own team and other teams
• Good communication skills, written and verbal

Interview Process

• Recruiter screening call
• 1st Round – Intro call with Hiring manager
• 2nd Round – Case study round

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 one of our colleagues, you’ll be helping to drive our growth, so in return, we’ll give you all the support, training and development you need. Not to mention plenty of recognition and rewards, and the scope to voice your ideas and put them into practice.

As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive – what this means to you is if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).

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 pay for you to receive private medical Insurance (PMI)
• Financial wellbeing – 4x salary life assurance, income protection, matched pension contributions up to 10%, plus discounts, cashback, mortgage advice and financial wellbeing support
• Mental wellbeing programme – Thrive app, employee assistance, mental health first aiders, support groups
• Additional perks – 27 days annual leave + bank holidays, health care plans, dental plans, Cycle to work, tech schemes and more

Hastings Group is an equal opportunities employer and we welcome applications from all suitably skilled persons regardless of gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.