Commercial Packages Pricing Analyst
Hybrid
About Us:
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.
We’ve now welcomed our new CEO, Adam Winslow, and are at the start of an exciting period of change for DLG. With ambitious plans for large-scale transformation, we’re going to see a refreshed strategy to drive value for our customers, colleagues and shareholders.
What you’ll be doing
As a Pricing Analyst you’ll join the wider Pricing & Underwriting team, pro-actively planning and managing your own tasks to ensure the timely and accurate delivery of projects, and engaging in technical discussions with both external suppliers and internal stakeholders to ensure current and future business needs are met.
Key Accountabilities
1. Create and deliver impactful solutions to improve DLG’s pricing performance and longer-term pricing capability, whilst maintaining underwriting discipline
2. Provide key analytical support and insight to inform wider business decisions and strategy, ensuring robustness of output and clear recommendations
3. Create meaningful and collaborative relationships with both key stakeholders and the wider business in order to produce and deliver aligned outcomes across a variety of requirements
4. Assist with the development of pricing models and ensure their appropriate use and application. Monitor the effectiveness of models on an ongoing basis to ensure they are fit for purpose and suggest areas of development
5. Analyse trading performance and create, monitor and track KPIs, including producing & analysing tactical MI, and develop recommendations to support the trading objectives. Identify gaps in existing MI and develop improvements
6. Plan, manage and deliver critical tasks and projects in a pro-active, timely and accurate manner, providing insights, impacts and recommendations
7. Help foster a culture of sharing knowledge through using effective interactions with peers in other areas of DLG and communicating this across the team
8. Develop yourself in order to maximise your personal contribution to the team and identify opportunities to gain additional skills, including through secondments and/or rotations
9. Identify 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
10. Strive to learn as much as possible about pricing and underwriting systems and how the wider business and insurance market impact on our pricing and performance decisions. Utilise this knowledge to create original and insightful solutions or improvements to current pricing or processes
11. Play an active role in the induction and training of new members to the team thus ensuring a personal feel to their integration into the team; act as a first point of contact on technical and process issues
12. 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
13. Ensure compliance with core DLG Policies, statutory and regulatory requirements, governance controls (including all relevant risk minimum standards) and timely completion of risk and audit actions, ensuring reputational risk is minimised
14. Reinforce the culture and core values of DLG through appropriate behaviours and actions
Key Competencies/skills
Business:
15. You will exhibit good communication skills and be able to demonstrate personal effectiveness
16. You will be a team player but also be able to use your own initiative
Technical:
17. Relevant work experience within a similar pricing or analytical role is desirable
18. You will be educated to at least degree level or equivalent in a numerically-focused degree
What we’ll give you
We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:
19. 9% employer contributed pension
20. 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
21. Additional optional Health and Dental insurance
22. Up to 10% annual bonus
23. EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
24. Generous holidays
25. Buy as you earn share scheme
26. Employee discounts and cashback
Being yourself
Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.
We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.
Ways of working
Our hybrid model offers a 'best of both worlds' approach. The perfect blend between connection and flexibility combining the best parts of home and office working. When you'll be in the office depends on your role and team, but most colleagues spend 2 days a week in the office. For more information about our flexible working approach click here.