Senior Home Risk Pricing Manager

Hastings Insurance Services Limited; Bexhill-on-Sea, Leicester; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A digital insurance provider in the UK seeks a Senior Home Risk Pricing Manager to enhance pricing strategies through data analysis. Candidates should have strong numerical skills and coding experience (preferably Python), along with a solid understanding of the insurance sector. This full-time position offers a hybrid working model, competitive salary, and a range of benefits including private medical insurance and a car allowance.

Benefits

£5k car allowance

Flexible working - hybrid approach

Annual performance bonus

Private medical insurance

Life assurance (4x salary)

Matched pension contributions up to 10%

Mental wellbeing programme

27 days annual leave + bank holidays

Qualifications

• Experience in data analysis and coding.
• Ability to learn new skills and adapt.
• Prior knowledge in insurance is a plus.

Responsibilities

• Analyse data to improve risk pricing.
• Collaborate with various teams on pricing changes.
• Own the pricing algorithm for home insurance.

Skills

Strong numeric and problem solving skills

Strong analysis and coding experience

Comfortable working with and analysing numerical/statistical data

Good communication skills, written and verbal

Good knowledge of the personal lines insurance market

Tools

Python

Job description

Overview

Job Title: Senior Home Risk Pricing Manager
Reports to: Head of Home Underwriting & Pricing
Location: Bexhill/Leicester - open to homeworking with willingness to travel to Bexhill and Leicester on occasion

Welcome to Hastings Direct
We're a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we've made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people. And as a Finance team, we're doing exactly the same - building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.

We have high standards and understand some people may not apply for jobs unless they feel they tick every box. If you're excited about joining us and think you have some of what we are looking for, even if you're not 100% sure, we would love to hear from you.

Role overview

To deliver our profit and growth targets for home, through the use of innovative analytics, which leads to segmented pricing changes that we can apply to our live rates.

Key Responsibilities

• Analysing various data sources (including loss, policy, quote and market data), to identify opportunities to improve our risk pricing to help deliver the ambitious growth targets we have for our Hastings home business
• Developing & delivering new insight, including the integration of new data, new innovative techniques and ways of working
• Working closely with Actuarial, Data Science, Underwriting, Data Engineering, Account Management, Retail and Counter Fraud / Digital teams
• Critically review technical models produced by actuaries and data scientists
• Analyse the above models to determine the optimal way to combine these model outputs to give a starting point for our pricing
• Analyse the models to identify segments where prices can be improved
• Create tools that enable us to source new pricing leads on an automated basis
• Own the overall pricing algorithm for home
• Representing the home team on various underwriting projects to generate value for the wider business
• Support the team through peer reviews, coaching and mentoring
• Ensure that we are meeting customers' fair and reasonable expectations and provide fair outcomes for our customers
• Band 4, with 1 direct report, but role expected to grow as the home business and the team grows

Essential skills/experience

• Strong numeric and problem solving skills
• Strong analysis and coding experience. Python preferred, but if experience is with other coding languages then this can be trained up
• Comfortable working with and analysing numerical/statistical data
• Appetite to learn new skills
• Thirst for making change
• Thinking outside of the box
• Critically evaluates information
• Collaborates well with colleagues from own team and other teams
• Good communication skills, written and verbal
• Confidence to express thoughts and views
• Good knowledge of the personal lines insurance market preferred, but other backgrounds will be considered, including non-insurance backgrounds

The interview process

• Recruiter screening call
• 1st stage interview - Initial Intro with hiring leader
• 2nd interview will a include panel

As a Disability Confident employer, we are committed to ensuring our recruitment processes are fully inclusive - if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS). For more information on the DCS, please visit our inclusive business page on our careers website.

Benefits

• Flexible benefits include a competitive salary and £5k car allowance
• Flexible working - hybrid working approach
• Competitive bonus scheme - annual 4Cs performance bonus
• Physical wellbeing - private medical insurance (PMI) for Band 4 colleagues
• Financial wellbeing - life assurance (4x salary), income protection, matched pension contributions up to 10%
• Mental wellbeing programme - Thrive app, 24/7 support, mental health first aiders, support groups
• Other benefits - 27 days annual leave + bank holidays, cycle to work, tech schemes, health plans, discounts and more

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. We also have a thorough referencing process, including credit and criminal record checks.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Management
• Industries: Insurance

We’re not accepting applications from outside the UK for this role at this time.