Pricing Analyst 2022

What you'll be doing

You will be part of the Commercial Packages Pricing team, but it is a varied role where you might assist with projects with other teams within the department. Your focus will be on Landlord, Tradesman and other SME products. You'll need to balance longer-term projects with fulfilling smaller requests, and be prepared to adapt your work as our business needs adapt. As with any of our pricing roles you will have a responsibility to analyse product performance and provide insight to support our business managers in achieving their targets. You may also be involved in projects that implement new factors, data or risk model improvements into our rating algorithms, or aid development of our long term pricing capabilities.

You will build relationships and represent the team. We need great presenters who can understand and communicate pricing ideas clearly to colleagues from other business areas. We also need someone who can develop trust, and influence decisions when there are difficult choices to be made. Commercial Lines are transforming their pricing capability, and investing in technology and data to support this. As a result, there is plenty of opportunity for you to make an impact on how we do things in the future, as well as having an impact on current product pricing.

Proactive thinking and a drive to improve yourself as well as the work you and your colleagues do is also very important. This is a department that is always looking to improve, and your insight will be very valuable in our efforts to deliver a robust product which delivers great customer value.​

• Provide key analytical support and insight to inform wider business decisions and strategy, ensuring robustness of output and clear recommendations
• Create and deliver impactful solutions to improve DLG’s pricing performance and longer-term pricing capability, whilst maintaining underwriting discipline
• 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
• 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
• 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
• 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
• 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
• 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
• 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
• 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

Ways of working

Here at Direct Line Group, we recognise the importance of flexibility, not only in our personal lives but also in the way we work. Our mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone.

We’ve ditched the daily commute for a virtual first approach. If you do come into the office, there are exciting workspaces and zones you can use, depending on the type of work you are doing. How much you’ll be in the office depends on your role, and we’ll consider the flexible working options that work best for you. Please get in touch with the team to discuss.