Principal Commercial Pricing Analyst 146 views

COVID -19 update

We’re actively looking for people to join our teams, and we’re committed in protecting your health and wellbeing during every step of our recruitment process. If you’re successful in securing a role with us you’ll find we’ll be doing things a little bit differently! This may mean you’ll initially join our team working from home. During this time we’ll work with you to make sure you have the tools and equipment you need and that you feel part of our outstanding DLG team!

About us

Direct Line Group is an ambitious company employing thousands of people throughout the UK. We’re proud to be one of Britain’s leading general insurers, offering millions of customers decades of experience and knowledge. In the history of modern insurance, there has never been a bigger time for change than now, and we work hard to make sure our well-known brands –Direct Line, Churchill, Privilege, NIG and Green Flag are making insurance easier and better value for our customers. We know we can’t do this without our brilliant people who we reward for ideas and thinking as well as results because that’s how we can achieve amazing things – for our customers and for each other. Come work for the 3rd Best Big Companies to Work for in 2019.

Commercial Lines is an increasingly meaningful part of Direct Line Group’s success story, making up £74m of DLG’s 2017 total operating profit of £611m. Going forward, there are ambitious plans to deliver further performance improvements via a pricing transformation program that entails using improved risk, geo and demand models, having an improved data infrastructure, and having access to an advanced suite of analytical tools.

We have a fantastic opportunity for an experienced Principal Pricing Analyst to join our Packages Pricing Team in Bromley.

What you’ll be doing:

  • You will support your manager in delivery of innovative and effective pricing projects, with a focus on the delivery of strategic algorithm change and external data integrations. This will also include:

  • Taking a leading role in the successful delivery of external data integrations into third party rating systems

  • Developing accurate pricing models to deliver fit for purpose rating recommendations for external data

  • Developing recommendations to improve DLG’s pricing performance and longer-term algorithm capability

  • Providing analytical support and insight to advise and influence business decisions and strategy, with a responsibility for ensuring robustness of output.

  • Interacting effectively with peers in other areas of DLG to improve knowledge share and understand impacts of your work across the wider business. Ensure learnings are effectively communicated across the team. Liaise regularly with stakeholders to ensure objectives are aligned across functions.

  • Identifying opportunities for improvements to enable tasks to be performed in a more efficient manner. Challenge current processes appropriately with suggestions as to how these can be refined.

  • Developing knowledge of pricing and underwriting systems and processes; develop your business, market knowledge and awareness of relevant industry issues which impact your area & incorporate in the work that you do.

  • Identify, own and manage the risks involved in running our business appropriately to this role, in line with the company risk framework. Communicate to peers and team managers in a timely manner where you have discovered price, model or data issues and suggest appropriate remedial actions.

What we are looking for:

  • You will ideally have at least three years relevant work experience within a similar insurance pricing or analytical role in the financial services industry and you will be able to evidence personal effectiveness in prior roles.

  • A track record of delivering external data integrations is a plus but not essential

  • You will be educated to at least degree level or equivalent in a numerically-focussed degree.

  • Knowledge of Radar is preferred

  • Alteryx and Tableau knowledge is preferable but not crucial

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