Pricing Analyst (Property & Liability)

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05 March 2021
Direct Line
Location: Bromley
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Job Description

The role

COVID -19 update

Were actively looking for people to join our teams, and were committed in protecting your health and wellbeing during every step of our recruitment process. If youre successful in securing a role with us youll find well be doing things a little bit differently! This may mean youll initially join our team working from home. During this time well 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 one of the top tier motor, home and small business insurers in the UK and home to some of the nations best-known brands: Direct Line, Churchill, Privilege, Green Flag and NIG. Our mission is to make insurance easier and better value for customers.

We currently have an exciting opportunity to join Direct Line Group as Property and Liability Pricing Analyst on a full time permanent basis.

The Role:

You will support your manager in providing an innovative and effective analytical pricing service for Direct Line Group with a focus on the delivery of Pricing recommendations for Commercial Lines Property & Liability business for our non package broker products.

What you'll be doing:

Provide input and recommendations into rating design and functionality.

Development of a price simulation tool to be able to test and review future pricing of the model

Development of an efficient and effective pricing test pack to cater for all rating developments

Support the price testing process, including prioritising and fixing defects in an accurate and timely way

Assist in setting go-live rates for the new rating structure, this includes carrying out data manipulations, providing analytical insights, and having proactive communications with key partners.

Review the usability of external data sources and make recommendations on their use.

Support other members of the project pricing team where required, such as providing feedback and reviewing of output.

Being a key teammate within a wider project team. This includes actively communicating progress and challenges as they arise, along with providing support and suggesting solutions.

Find 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.

What we are looking for:

You will have experience in insurance pricing or financial services

Knowledge of Radar and Excel is crucial, with knowledge of Alteryx being an advantage

Proven analytical ability

Excellent interpersonal skills at all levels, able to articulate technical concepts to a non-technical audience

Good at partner management

Experience in testing of new product developments

Strong teammate but able to use own initiative to progress work independently

Educated to at least degree level or equivalent in a numerical degree

Work Permit:

All applicants must be based in the UK and confirm that they are able to prove their eligibility to work in the UK.