At a Glance
- Tasks: Lead the Risk Modelling team to develop advanced risk models and enhance pricing strategies.
- Company: Join Policy Expert, a top-rated insurer transforming the insurance industry with innovative technology.
- Benefits: Enjoy a hybrid work model, generous pension, private medical cover, and a £1,000 learning budget.
- Other info: Be part of a diverse team committed to inclusivity and personal development.
- Why this job: Make a real impact in a fast-paced environment while growing your skills and career.
- Qualifications: Experience in UK General Insurance and strong statistical modelling skills are essential.
The predicted salary is between 60000 - 80000 £ per year.
Are you ready to transform the insurance industry? Policy Expert is a forward‑thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience. Having achieved rapid growth since being founded in 2011, we’ve won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK’s No.1‑rated home insurer by Review Centre since 2013.
About Pricing
The Home Risk Pricing Team is responsible for developing the most accurate and comprehensive view of customer risk. Our goal is to consistently improve this through the use of advanced statistics and machine learning, rich datasets and a cloud‑native infrastructure.
About the Risk Pricing team
We’re seeking bright, ambitious individuals eager to make a meaningful impact and accelerate their growth. You’ll be supported by experienced leaders who are deeply committed to your development and success. As a lean, hands‑on team, we offer a unique opportunity to take on responsibility early, drive real change, and grow alongside the business.
Your day to day:
- Model Development: Lead and mentor the Risk Modelling team in the design, development, and validation of advanced risk models using a range of modelling techniques, including GLMs and GBMs, within Emblem and Python. Ensure models are robust, interpretable, and aligned with business objectives and regulatory standards.
- Monitoring: Establish and oversee a comprehensive model monitoring framework to track performance, identify underperforming models, and implement timely corrective actions to maintain model accuracy and reliability.
- Research & Development: Drive innovation within the Risk Pricing function by researching and integrating new data sources, exploring emerging modelling methodologies, and applying cutting‑edge analytical techniques to enhance model performance and competitive advantage.
- Collaboration Across Teams: Collaborate cross‑functionally with Underwriting, Fraud, Risk & Reserving, Technology, and Home Retail Pricing teams to translate analytical insights into actionable business strategies and deliver impactful, measurable outcomes.
- Stakeholder Communication: Communicate complex modelling outcomes effectively to key stakeholders across Retail, Finance, and Underwriting. Present insights clearly and persuasively to ensure the value and implications of risk pricing are understood, trusted, and leveraged across the business.
Who are you:
- Experience in UK General Insurance (Motor and/or Home), with a solid understanding of pricing principles and regulatory governance.
- Familiarity with pricing / modelling software: e.g. Emblem, Radar, Earnix etc.
- Hands‑on experience with statistical modelling (e.g. GLMs, GBMs, clustering) applied to risk pricing.
- Data proficiency: SQL, Experience handling large, complex datasets.
- Strong communication skills, with the ability to present technical insights to non‑technical stakeholders.
- Demonstrated ability to manage and prioritise multiple projects in a fast‑paced environment.
- Experienced in leading, developing, and motivating high‑performing analytical teams.
- Skilled at setting clear objectives, providing technical guidance, and fostering a collaborative culture that promotes learning, innovation, and delivery excellence.
Nice‑to‑have:
- Programming proficiency: Python, R.
- Familiarity with Data Modelling and creation of data pipelines.
- Familiarity of developing and implementing Risk Models end‑to‑end.
- Experience with cloud platforms (e.g. AWS/GCP/Azure).
Benefits:
- This role will be based in our London office in a 50/50 Hybrid mode.
- Generous Pension contribution scheme.
- Private medical & Dental cover.
- Learning budget of £1,000 a year + Study leave (with encouragement to use it).
- Enhanced maternity & paternity.
- Travel season ticket loan.
- Access to a wide selection of London O2 events and use of a Private Lounge.
- Employee Wellbeing Programme.
What We Stand for and Next Steps
We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual’s skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment. At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please do not hesitate to let us know. We are dedicated to ensuring every candidate has an equal opportunity to succeed and will work with you to provide the necessary support. We aim to be in touch within 14 working days of your application – you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements.
Risk Pricing Manager - Home employer: Policy Expert
At Policy Expert, we pride ourselves on being a forward-thinking employer that champions innovation and employee growth. Our London office offers a vibrant work culture with a strong emphasis on collaboration, professional development, and a generous benefits package, including a learning budget and private medical cover. Join us to make a meaningful impact in the insurance industry while enjoying a supportive environment that values diversity and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Pricing Manager - Home
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Policy Expert. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Risk Pricing Manager - Home
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Policy Expert.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Policy Expert's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Policy Expert
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Policy Expert.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Policy Expert will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Policy Expert employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
