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Pricing Analyst

Churchill Court, BR1 1DP
Full time

This is an exciting career opportunity in the field of Commercial Lines pricing that would suit a recent or upcoming graduate, or experienced analyst who is able to provide innovative and effective analysis for Direct Line Group with a focus on the delivery of Pricing recommendations for Commercial Lines packages business for our broker and direct brands.

Direct Line Group is an ambitious company employing thousands of people throughout the UK. We’re proud to be one of Britain's leading general insurers, offering millions of customers decades of experience and knowledge. In the history of modern insurance, there has never been a bigger time for change than now and we work hard to make sure our well-known brands –Direct Line, Churchill, Privilege, NIG and Green Flag are making insurance easier and better value for our customers. We know we can’t do this without our brilliant people who we reward for ideas and thinking as well as results because that’s how we can achieve amazing things – for our customers and for each other. Come work for the 3rd Best Big Companies to Work for in 2019.

Commercial Lines is an increasingly meaningful part of Direct Line Group’s success story, making up £74m of DLG’s 2017 total operating profit of £611m. Going forward, there are ambitious plans to deliver further performance improvements via a pricing transformation program that entails using improved risk, geo and demand models, having an improved data infrastructure, and having access to an advanced suite of analytical tools.

The vacancy is within the Commercial Packages Pricing team, which focuses on Landlord, Tradesman and other SME products. We are recruiting a Pricing Analyst to join the team in Bromley.

What we’re looking for:

  • Knowledge of database programming languages and Microsoft Excel skills are preferred
  • You will be educated to A-level standard, with a minimum of A in Mathematics or a closely related subject.
  • You will be undertaking an analytical, numeric degree
  • You’ll be a great communicator with strong relationship building skills
  • You’ll be a logical thinker and improvement focused

Who you'll be working with:

You will be working with colleagues of varying levels and disciplines including the wider Pricing team, Underwriting and Business managers. Your direct line manager will be Peter Butters, Pricing Manager.

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.

What we’ll give you

We have a strong focus on developing you and your skillset and work hard to give you the tools to do so. In addition to this we also offer a generous benefits package including family and work life balance focused options such as: fully paid maternity leave and parental leave, flexible working, insurance savings for you and your family as well as a range of other optional benefits.

Here are just a few of the highlights:

  • 9% pension contribution
  • Annual bonus
  • 25 days holiday
  • 50% off home, pet and motor insurance

Direct Line Group are an equal opportunity employer who value diversity. We do not discriminate and we recognise and embrace that people work in different ways. We will always adapt so you have the best and most comfortable working environment. If during the recruitment process you require any reasonable adjustments, please just let us know.

Hours: 35 hours (Monday - Friday 9am-5pm)

Career benefits and rewards

Rewarding you is really important to us, as well as offering a competitive salary and generous holiday entitlement; you can take advantage of a wide range of benefits. The best part is you can pick and choose the benefits to suit your own lifestyle, but also pass on some of the savings to family and friends. Here are just a few we have on offer:

  • A competitive salary, benchmarked against our competitors, which will grow as you do.
  • Pension 9% of your base salary, you can choose to contribute less or more than this, and anything you don’t wish to put in to your pension you can take as cash instead!
  • Private medical insurance (anyone can choose this through our flexible benefits scheme, and managers receive this as standard)
  • Attractive holiday entitlement
  • 50% off our Home, Motor and Pet insurance
  • Free Travel insurance
  • Free Green Flag breakdown cover
  • Flexible rewards including Life insurance, income protection, critical illness insurance, personal accident insurance
  • Retail card, with discounts at big name retailers
  • My Discounts - a discounts website for all our employees, with great discounts, cash back savings and offers across hundreds of brilliant  high street brands, travel, tickets, gym memberships and much more.

Who we are
Direct Line Group is an organisation with a clear mission: to make insurance much easier and better value for customers. We are one of the leading motor, home and small business insurers in the UK. We are home to some of the nation's best-known brands, including Direct Line, Churchill, Privilege, Green Flag and NIG.

Life at Direct Line Group

We recommend that you read our colleagues’ stories and ask them a question on our live discussion platform www.directlinegroupcareers.com/ask-our-people. This will help you learn more about us and be better prepared for interviews.