At a Glance
- Tasks: Lead a team of Actuaries and Data Scientists to develop innovative pricing models for home insurance.
- Company: Hastings Direct is a digital insurance provider aiming to dominate the UK market with cutting-edge technology.
- Benefits: Enjoy flexible working, competitive bonuses, private medical insurance, and a comprehensive wellbeing programme.
- Why this job: Join a collaborative culture focused on innovation and professional growth while making a real impact.
- Qualifications: Strong modelling skills in actuarial methods and machine learning; experience in home insurance pricing is essential.
- Other info: We value inclusivity and support applicants throughout the recruitment process.
The predicted salary is between 48000 - 72000 £ per year.
Location: Leicester / Bexhill – Please note, we offer fully remote working, provided you're able to travel to these locations occasionally.
Welcome to Hastings Direct. We’re a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we’ve made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people.
Role overview: We are looking for a highly capable and collaborative Senior Pricing Manager to drive the development of advanced data science solutions that support Hastings’ market-leading pricing strategies for Home insurance products. This role leads a mixed team of Actuaries and Data Scientists, working together to develop peril models, feeder models, and risk scores that underpin pricing and underwriting decisions across our Home insurance portfolio.
Key Responsibilities:
- Lead and manage a cross-functional team of Actuaries and Data Scientists, fostering collaboration and innovation in the development of pricing models and risk-based analytics.
- Oversee the creation and refinement of peril models, feeder models, and risk scores to support pricing and underwriting strategies for our Home book.
- Drive the expansion and success of single cover products, and alternative pricing strategies, ensuring they are as robust and competitive as our combined product.
- Collaborate closely with stakeholders across Underwriting, Pricing, and Account Management to ensure models are aligned with business needs and regulatory expectations.
- Mentor and support team members in their technical and professional development.
- Champion the use of modern machine learning techniques to enhance traditional actuarial approaches and deliver commercial value.
- Communicate complex modelling outcomes to senior stakeholders and influence decision-making across the business.
- Mentor and develop team members, fostering a culture of curiosity, collaboration, and continuous improvement.
Essential skills/experience:
- Strong technical modelling skills, with experience in both traditional actuarial methods and modern machine learning.
- Proven track record of delivering commercial value through data science in an insurance context.
- Deep understanding of home insurance pricing, including peril-based modelling and funding considerations.
- Experience in other general insurance lines of business will also be considered.
- Demonstrated ability to work across functions and influence stakeholders at all levels.
- Excellent communication skills, with the ability to translate complex technical concepts into business-relevant insights and influence across functions.
The interview process involves the below:
- Recruiter screening call
- 1st stage interview – Intro with Hiring Leader
- 2nd interview – case study round with hiring leaders
As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive. We also welcome applications through the Disability Confident Scheme (DCS).
Benefits: In addition to a competitive salary and £5k car allowance you will also receive:
- 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, discounted and free onsite facilities, social events throughout the year and much more.
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. At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed.
Senior Home Actuarial & Data Science Manager employer: Hastings Direct
Contact Detail:
Hastings Direct Recruiting Team
accessibility@talentify.io
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Home Actuarial & Data Science Manager
✨Tip Number 1
Familiarise yourself with the latest trends in data science and machine learning, especially as they relate to the insurance industry. Being able to discuss recent advancements or case studies during your interview can demonstrate your passion and knowledge.
✨Tip Number 2
Prepare to showcase your leadership skills by thinking of examples where you've successfully managed cross-functional teams. Highlighting your ability to foster collaboration and innovation will resonate well with the hiring managers.
✨Tip Number 3
Brush up on your communication skills, particularly in translating complex actuarial concepts into business insights. Practising how you would explain your modelling outcomes to non-technical stakeholders can set you apart in the interview process.
✨Tip Number 4
Research Hastings Direct's current home insurance products and pricing strategies. Understanding their market position and challenges will allow you to tailor your responses and show how you can add value to their team.
We think you need these skills to ace Senior Home Actuarial & Data Science Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial science and data science, particularly in the context of home insurance. Use specific examples that demonstrate your technical modelling skills and your ability to deliver commercial value.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities outlined in the job description, such as leading cross-functional teams and developing pricing models.
Showcase Your Communication Skills: Since excellent communication is essential for this role, consider including examples in your application that demonstrate your ability to translate complex technical concepts into business-relevant insights. This could be through past projects or presentations.
Highlight Continuous Learning: Mention any ongoing professional development or training you have undertaken, especially in modern machine learning techniques. This shows your commitment to staying current in the field and your readiness to mentor others.
How to prepare for a job interview at Hastings Direct
✨Showcase Your Technical Skills
As a Senior Home Actuarial & Data Science Manager, you'll need to demonstrate strong technical modelling skills. Be prepared to discuss your experience with both traditional actuarial methods and modern machine learning techniques, providing specific examples of how you've applied these in previous roles.
✨Understand the Home Insurance Market
Make sure you have a deep understanding of home insurance pricing, including peril-based modelling and funding considerations. Research Hastings Direct's approach to pricing and be ready to discuss how your expertise can contribute to their market-leading strategies.
✨Prepare for Stakeholder Engagement
This role requires collaboration across various functions. Think about past experiences where you've successfully influenced stakeholders at different levels. Prepare to share these stories during the interview to illustrate your ability to communicate complex concepts effectively.
✨Emphasise Leadership and Mentoring
As a manager, you'll be expected to mentor and support your team. Be ready to discuss your leadership style and provide examples of how you've fostered a culture of curiosity and continuous improvement within your teams in the past.