We are not your average insurance company; in fact, we strive to be different. You will not find strict dress codes, jargon-filled documents, or unrealistic targets here. What you will find is a welcoming culture, a clear vision and teams of passionate people doing their best for our customers.
LV= GI is a large, multi-award-winning general insurance company, with nearly 7 million customers and aspirations for future growth. Having recently become part of the Allianz family, we’re proud to be one of the largest personal insurers in the UK.
Role description
LV=GI have a new opportunity for a Pricing Analyst in the Motor Technical Pricing team based in Croydon. The successful candidate will play a key role in delivering models and analysis that underpin the prices we take to market.
The role offers the chance to develop and operationalise the risk cost models which are fundamental to our business. The Motor Technical Pricing team’s goal is constant improvement through the introduction of new data, expanded feature engineering and refinements to the modelling approach. Your main responsibilities would be:
- Updating and improving the risk cost models and their components using a combination of industry-leading tools like Python and WTW’s Emblem software
- Maintaining the high standard of technical excellence within the Technical Pricing team and supporting the rest of the business to achieve their technical excellence goals, in line with Allianz Group best practice
About you
You will have an analytical mind with a keen interest in data and making data-led decisions. You'll have a curious attitude and be detail oriented. You’ll also be a good communicator, with the ability to present your ideas to stakeholders from around the business.
At LV= GI we're open to candidates with a range of experience and backgrounds: you might be a new graduate with a numerical or analytical degree, a career changer looking to move into an analytical role, or have self-taught coding skills which you want to put to use in a new role. We don't expect you to know everything from day one, but the following is desirable:
- Knowledge of statistical methods and predictive models, and an interest in machine learning techniques, for example GLMs (Generalised Linear Models) and tree-based GBMs (Gradient Boosting Machines)
- Experience of learning and using a programming language such as Python or R. Solid Excel skills.
- Enthusiasm to improve your knowledge of data science as applied to pricing insurance products
- Data handling skills, such as producing summary statistics, transformations and visualisations
- Ability to build and maintain relationships throughout both the Pricing Department and the wider business
- Teamworking skills and the self-motivation to organise your workstack and balance competing deadlines
The details
Customers are at the heart of everything that we do, so you’ll need to live the LV= values in everything you do. As a key member of the team, you’ll deliver project work to agreed business timescales based on requirements from Pricing and business-wide meetings.
You’ll use your coding, modelling, and insurance industry expertise to carry out and deliver pricing analysis, interpret the output, and communicate the results to a technical and non-technical audience.
You’ll collaborate with various stakeholders and work with the business to understand best practices and keep aligned with the best ways of working. Your role will vary day to day, but here is a bit of what you can expect:
- Get hands-on with data from its source right through to modelling and implementation, choosing the right software tool for the job, including Databricks (SQL and Python) and Willis Towers Watson software tools Radar and Emblem
- Work with different teams and stakeholders to achieve an understanding of their needs, data requirements and expected modelling outcomes
- Analyse data, interpret output, and communicate results to a non-technical audience
- Assist in carrying out statistical model builds and updates – continually looking to improve data and processes
You’ll be keen to learn and pro-actively develop your career, and we’ll provide many opportunities and study support, including:
- Access to the AllianzU platform for a wide range of learning resources to target the areas you want to improve
- Learning resources to improve and maintain your data science skills including a company subscription to DataCamp
- Generous study support packages for those working towards becoming a qualified actuary or another professional qualification
- The chance to be mentored by experts in the field.
- An established pathway for promotion and advancement of your career
- Opportunities to diversify your experience across a variety of product lines and secondment opportunities to other departments across LV=
- Analysts have the opportunity to attend the Allianz Global P&C (Property & Casualty) Academy. The P&C Academy accreditation helps technical people in the Allianz Group to continuously develop their knowledge as they progress in their careers. It gives recognition to technical excellence, both inside and outside Allianz Group. In addition, the accreditation supports Allianz’s claim to be the employer of choice for top technical talent in the market. The course offers:
- In-depth technical training provided by experts in Allianz Group
- Opportunities to exchange with peers from other Allianz OEs around the Globe
What we can offer you
Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:
- 26 days' holiday - which increases after two years’ service to 28 days
- A competitive pension for which LV= will pay twice the amount you pay, up to 14%
- An annual bonus scheme based on company and personal performance
- A flexible benefits package (e.g. discounted retail vouchers, great value dental insurance)
- ElectriX EV salary sacrifice scheme
- A generous 25% discount off our general insurance products including home, pet and travel as well as up to 50% discount on your car insurance.
Our ways of working
Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.
We are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.
Our purpose and values
We secure your future
Be Brave | With Heart | Everyone Counts | Inspiring Trust
Our purpose and values are more than just words on a website - they are the why and how of LV= GI. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.
Diversity & Inclusion
At LV= GI, we value diversity and inclusion and back this up with our accreditations. LV=GI is EDGE certified for gender inclusion, members of the Women in Finance Charter, members of the Stonewall Diversity Champion programme, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.
We have a range of employee networks focusing on gender inclusion, cultural diversity, LGBTQIA+, disability and long term health conditions (including neurodiversity), intergenerational and life stages, parents and carers, mental wellbeing, menopause support and armed forces and veterans, all supporting you to bring your best and authentic self to work.
