Risk Pricing Manager

Location: Bexhill/Leicester/London - Hybrid

Welcome to Hastings Direct. We are a digital insurance provider with ambitious plans to become the best and biggest in the UK market. We have 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 is 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 is 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.

Accountabilities

• Developing & delivering new insight, including the integration of new data, new analytical techniques and new ways of working.
• Identifying opportunities to improve our risk pricing models in order to expand our competitive footprint or to rectify unprofitable segments.
• Leading Risk Pricing projects & 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 you are meeting customers' fair and reasonable expectations and provide fair outcomes. Question and challenge peers and managers where processes and procedures do not meet these expectations and any activity that does not place 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 levels of competence required to fulfil 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 / challenge.
• Pricing/analytics experience in the financial services.
• Basic knowledge of Insurance market.

Interview Process

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

What We Will Give You

Join us and you will 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 will be helping to drive our growth, so in return, we will 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 are committed to ensuring our recruitment processes are fully inclusive – what this means to you is if you are applying for a job with us, you will 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 – Hastings pay for you to receive private medical Insurance (PMI).
• Financial wellbeing – providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%.
• Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, and support groups.
• 27 days annual leave + bank holidays, with the option to buy or sell one of your weeks.
• Access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, and social events throughout the year.

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.

At Hastings Direct, we are committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us.