Rescue Price Optimisation & Strategy Lead

Direct Line Group; Glasgow; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider seeks a Rescue Price Optimisation & Strategy Lead in Glasgow. This role involves developing pricing strategies, optimising capabilities, and managing trading performance. Ideal candidates will have experience in personal lines insurance pricing, deep understanding of modelling processes, and strong leadership skills. The company offers a hybrid working model with comprehensive benefits, including health and wellness support, flexible working options, and generous leave provisions.

Benefits

50% off home, motor and pet insurance

Up to 10% bonus

28 days annual leave

Flexible benefits scheme

Employee Assistance Programme

Qualifications

• Experience managing transformations & supporting data environment builds desirable.
• Experience working to budgets & developing business cases for capability enhancement.

Responsibilities

• Develop price optimisation capability with external pricing engines.
• Define & support Pricing Strategy with the Head of Trading.
• Manage risk & trading performance through model development.

Skills

Experience of pricing a personal lines insurance product

Understanding of modelling processes and concepts

Experience in market standard pricing tools (e.g. Radar/Earnix)

Proven people leadership skills

Ability to innovate & work in a fast paced environment

Tools

Python

Job description

Rescue Price Optimisation & Strategy Lead

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field, we’re a customer‑obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

Pricing and Underwriting is a complicated world, where historical data, geospatial information, and mathematical models meet talented analysts. Pricing our products is a fine line between balancing our business goals and customer needs. That’s why our Pricers and Underwriters are the best of the best. They reduce risk and predict future events ensuring our business can continue to grow whilst each and every one of our consumers gets the best price.

Join us as a Rescue Pricing Optimisation & Strategy Lead in our Rescue Pricing & Underwriting Team. Green Flag have a legacy of being a strong brand in the Rescue market – we’re looking for an enthusiastic and self‑motivated pricer/data scientist to join our exciting team as we look to grow our brands and offerings.

What you’ll be doing

Working in an agile way means you’ll take charge early on, soak up new experiences and most importantly you’ll positively influence and shape what we do – making an impact on our customers lives. We’ll utilise your skills where they are most needed whilst also giving you to opportunity to build and grow the breadth of your expertise.

Reporting into the Head of Pricing & Underwriting, key responsibilities will include:

• Develop price optimisation capability and infrastructure, with the support of pricing practitioners & engineers, working with external pricing engines.
• Work closely with the Head of Trading & Head of Pricing & Underwriting to define & support Pricing Strategy.
• Develop data infrastructure to enable price optimisation, multiple scheme loss ratio management, and cater for clean data lineage across multiple platforms, ensuring technical specs are created & maintained.
• Support trading activity, including proposals, testing & PIRs, and oversee optimisation strategies.
• Develop trading MI reporting & conduct processes to support positive customer and pricing outcomes.
• Manage risk & trading performance, via Actual vs Expected and model development.
• Help develop & deliver the Pricing & Underwriting strategy & ensure the capability build required to deliver is in place.
• Liaise with our trading teams to deliver great customer and commercial outcomes.
• Work closely with the pricing & underwriting team to deliver great pricing & underwriting outcomes.

What you’ll need

• Experience of pricing a personal lines insurance product, in a price optimisation capacity.
• Understanding of modelling processes and concepts, and the link with risk/retail pricing.
• Experience in market standard pricing tools (e.g. Radar/Earnix) preferable.
• Proven people leadership skills.
• Experience managing transformations & supporting data environment builds desirable, but not essential.
• Experience working in Python desirable, but not essential.
• Ability to innovate & work in a fast paced environment, working with a breadth of initiatives.
• Experience working to budgets & developing business cases for capability enhancement.

Ways of working

Our hybrid model way of working offers a ‘best of both worlds’ approach combining the best parts of home and office‑working, offering flexibility for everyone. When you’re in the office depends on your role, but most colleagues are in 50% of your working hours, and we’ll consider the flexible working options that work best for you.

This role is available in our London, Bristol, Leeds or Glasgow offices.

Benefits

• 50% off home, motor and pet insurance plus Green Flag breakdown cover
• Additional optional Health and Dental insurance
• Up to 10% bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug‑in hybrid car in a tax‑efficient way
• 28 days annual leave
• Buy as you earn share scheme
• Employee discounts and cashback
• Medical Cover
• Plus many more!

Benefits – Detailed Breakdown

Basics

• Holidays – 22 days holiday rising to 30 days depending on your role. Plus the chance to buy and sell up to 5 days.
• Pension – Company contributions of 9% of your salary towards your pension.
• Income protection – Income protection on 50% of your salary for 5 years.
• Life assurance – Life assurance cover at four times your salary.

Discounts

• Breakdown cover – Free Green Flag breakdown cover.
• Insurance – 50% off Direct Line Group products in Motor, Home and Pet insurance when you’re named on the policy.
• Shopping – Discounts and cashback savings across hundreds of other well‑known brands.

Flexibility

• Flexible benefits scheme – Adjust your income protection, life assurance, and benefits package through our flexible benefits scheme.
• Salary sacrifice – Salary sacrifice scheme for fully electric and plug‑in hybrid cars, and for private dental and medical cover.
• Parental leave – Enhanced maternity, paternity, shared parental, and emergency dependant leave.

Wellbeing

• Employee Assistance Programme – Employee Assistance Programme (EAP), offering information on financial and mental wellbeing as well as emergency support and advice.
• Mental health first aid – Trained mental health first aiders (MHFA) for support whenever you need it.
• Volunteering opportunities – Volunteering opportunities through our partnership with Neighbourly.
• Donation matching – Up to £50 a month to match any contributions you make to your local community.

London, Glasgow, Leeds, Bristol, Manchester

Discover more at directlinegroupcareers.com

Life in Pricing and Underwriting

Our teams work together to build and refine predictive models, implement cutting‑edge rating solutions, and enhance fraud detection. Whether developing advanced algorithms or ensuring regulatory compliance, we work collaboratively to tackle complex challenges. Each decision we make directly impacts our customers, so we take great care to ensure they receive fair and accurate pricing for their level of risk.