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Commercial SME Principal Pricing Analyst

Req ID:
Pricing & Underwriting
London; Leeds

Commercial SME Principal Pricing Analyst


Leeds or London

About Us:

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

We’ve now welcomed our new CEO, Adam Winslow, and are at the start of an exciting period of change for DLG. With ambitious plans for large-scale transformation, we’re going to see a refreshed strategy to drive value for our customers, colleagues and shareholders.

What you’ll be doing

Key Accountabilities:

An experienced pricing analyst capable of leading the delivery of pricing recommendations for DL4B SME products in support of growth targets and the pricing strategy. You will be able to use your technical expertise and previous Commercial SME experience, to work independently, whilst also working collaboratively with stakeholders and the project team.

What being a Principal Pricing analyst involves:

  • Develop knowledge of pricing and underwriting systems and processes; develop your business, market knowledge and awareness of relevant industry issues which impact your area & incorporate in the work that you do.
  • Create innovative and technical pricing solutions which contribute to the product and portfolio success as well as building capability in increasing the efficiency and accuracy of delivery.
  • Identify, manage and deliver specific tasks and projects in a pro-active, timely and accurate manner, providing insights, impacts and recommendations.
  • Enhance monitoring tools to understand the performance of the products and mix changes.
  • Contribute towards upskilling and the wider development of skills across the pricing and underwriting department.
  • Ensure that pricing controls are followed with respect to rate testing, implementation and adherence to the wider company risk and control appetite.
  • 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 Direct Line Group Policies, statutory and regulatory requirements, governance controls (including all relevant risk minimum standards) and timely completion of risk and audit actions.
  • Reinforce the culture and values of Direct Line Group through appropriate behaviours and actions.

Skills and qualities you'll need:

  • A minimum of 3 years insurance experience working within an insurance pricing environment, previous experience in SME pricing is desirable.
  • Skills in the analysis & interpretation of data and building relationships with key stakeholders across the business.
  • Degree in a numerate subject (e.g. Maths, Statistics, Economics, Operational Research);
  • Expertise in different types of pricing software is desirable, such as Alteryx and Tableau.

What we’ll give you

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

  • 9% employer contributed pension
  • 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
  • Additional optional Health and Dental insurance
  • Up to 10% annual bonus
  • EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
  • Generous holidays
  • Buy as you earn share scheme
  • Employee discounts and cashback

Being yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.


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