Data Scientist - Home Pricing

Data Scientist - Home Pricing

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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Hastings Insurance Services Ltd

At a Glance

  • Tasks: Use innovative analytics to enhance home pricing and drive growth.
  • Company: Hastings Direct is a leading digital insurance provider in the UK.
  • Benefits: Enjoy flexible working, competitive bonuses, and a comprehensive wellbeing package.
  • Why this job: Join a culture focused on growth, support, and community impact.
  • Qualifications: Strong programming skills and experience with Python and ML in a commercial setting.
  • Other info: We welcome applications from all backgrounds and offer inclusive recruitment support.

The predicted salary is between 36000 - 60000 £ per year.

Job Title: Data Scientist – Home Pricing
Location : Leicester / Bexhill / London
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. And as a Finance team, we\’re doing exactly the same – building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.
The fact you\’re now reading this job advert means we\’ve tempted you to find out more about #lifeatHD. If you like what you see, we hope you\’ll consider joining our team.
We have high standards and understand some people may not apply for jobs unless they feel they tick every box. If you\’re excited about joining us and think you have some of what we are looking for, even if you\’re not 100% sure, we would love to hear from you.
Role overview
To deliver our profit and growth targets for Home, through the use of innovative analytics, creating a new product within the Home eco system, which leads to segmented pricing changes that we can apply to our live rates and generate incremental growth for the Home portfolio.
Job details

  • Create and maintain analytical tools to support in the management of our risk portfolio.
  • Develop best in-class models to predict claims outcomes and market premiums.
  • Engineer powerful new rating factors to be deployed into our rating algorithms.
  • Identify, analyse and monetise new data sources.

Essential skills/experience:

  • Strong programming skills.
  • Proven track record of delivering commercial value.
  • Experience using Python and ML libraries to build data science/machine learning products in a commercial environment.
  • Keen interest in emerging ML techniques and their commercial value.
  • Strong communication skills.
  • Ability to work cross-functionally with Data Engineers, Data Scientists, Actuaries and Pricing Analysts.

Desirable

  • Experience using cloud-based ML technologies.
  • Experience in general insurance.
  • GitHub as a code collaboration tool.
  • Experience using structured query languages (SQL).

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).For more information on the DCS, please visit our inclusive business page on our careers website
Benefits: In addition to a competitive salary you will also receive…
Flexible working – we champion a flexible hybrid working approach – please speak to your recruiter to discuss in more detail
Competitive bonus scheme – all colleagues are eligible for our annual 4Cs performance bonus
Financial wellbeing – as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award winning package which includes – discounts, cashback, free independent mortgage advice and free access to financial wellbeing support
Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs
There\’s more! – 25 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. 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. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we\’ll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.
At Hastings Direct, we\’re 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. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.
Job posting end date: #J-18808-Ljbffr

Data Scientist - Home Pricing employer: Hastings Insurance Services Ltd

At Hastings Direct, we pride ourselves on being a forward-thinking digital insurance provider that invests heavily in technology and our people. Our flexible working culture, competitive benefits package, and commitment to employee growth create an environment where you can thrive both personally and professionally. Join us in Leicester, Bexhill, or London, and be part of a team that values innovation, inclusivity, and community impact.
Hastings Insurance Services Ltd

Contact Detail:

Hastings Insurance Services Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Data Scientist - Home Pricing

✨Tip Number 1

Familiarise yourself with the latest machine learning techniques and tools, especially those relevant to pricing models in the insurance sector. This knowledge will not only help you stand out but also demonstrate your keen interest in the field.

✨Tip Number 2

Network with professionals in the insurance and data science fields. Attend industry events or webinars where you can connect with current employees at Hastings Direct or similar companies. This could provide valuable insights and potentially a referral.

✨Tip Number 3

Showcase your programming skills by contributing to open-source projects or creating your own data science projects on platforms like GitHub. This not only builds your portfolio but also demonstrates your ability to deliver commercial value through practical applications.

✨Tip Number 4

Prepare for potential interviews by practising how to communicate complex data findings clearly and effectively. Being able to explain your analytical processes and results to non-technical stakeholders is crucial in a cross-functional role like this one.

We think you need these skills to ace Data Scientist - Home Pricing

Strong Programming Skills
Python
Machine Learning Libraries
Data Science/Machine Learning Product Development
Analytical Tool Creation
Claims Outcome Prediction Models
Rating Algorithm Engineering
Data Source Identification and Monetisation
Strong Communication Skills
Cross-Functional Collaboration
Cloud-Based Machine Learning Technologies
Structured Query Languages (SQL)
Commercial Value Delivery
Keen Interest in Emerging ML Techniques

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Data Scientist role. Emphasise your programming skills, particularly in Python and machine learning, as well as any experience with cloud-based technologies.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific projects or experiences that demonstrate your ability to deliver commercial value through data science and analytics.

Showcase Your Technical Skills: Include examples of your work with machine learning libraries and any relevant projects on platforms like GitHub. This will help illustrate your technical capabilities and your interest in emerging ML techniques.

Highlight Communication Skills: Since the role requires collaboration with various teams, emphasise your strong communication skills. Provide examples of how you've successfully worked cross-functionally in previous roles.

How to prepare for a job interview at Hastings Insurance Services Ltd

✨Showcase Your Technical Skills

As a Data Scientist, you'll need strong programming skills, particularly in Python and machine learning libraries. Be prepared to discuss your previous projects and how you've applied these skills to deliver commercial value.

✨Demonstrate Your Analytical Thinking

The role involves creating analytical tools and developing models. During the interview, highlight your experience with data analysis and how you've used innovative analytics to solve problems or improve processes in past roles.

✨Communicate Effectively

Strong communication skills are essential for this position. Practice explaining complex technical concepts in simple terms, as you will need to work cross-functionally with various teams. Be ready to provide examples of how you've successfully collaborated with others.

✨Stay Updated on Emerging ML Techniques

The job requires a keen interest in emerging machine learning techniques. Research recent advancements in the field and be prepared to discuss how they could be applied to the insurance industry, particularly in pricing strategies.

Data Scientist - Home Pricing
Hastings Insurance Services Ltd
Location: London
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