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Portfolio Management Lead - Pricing & Underwriting

Req ID:
Pricing & Underwriting
London; Glasgow; Leeds; Bristol; Manchester

Portfolio Management Lead – Pricing & Underwriting


Let’s make the most of your talent.

We are looking to recruit a Portfolio Management Lead within our Pricing & Underwriting Chapter. You’ll play a pivotal role, leading portfolio management of our direct motor products from a risk cost perspective.

About Us

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.

What you’ll be doing

Our mission is to be a best-in-class function. And, to be the best of the best we need exceptional people. This is where your expertise comes into play, joining our Motor Manufacturing Tribe who are responsible for setting the risk cost for motor policies you’ll utilise your previous experience leading a UK motor portfolio to make sure we do just that.  

You will be leading on portfolio management of motor products from a risk cost perspective which includes;          

  • Responsible for monitoring our competitiveness and claims performance by customer segment to manage risk of selection and find growth opportunities
  • Monitoring market and claims trends to ensure risks and opportunities are reflected in pricing and underwriting action
  • Setting and tracking overall financial performance from a risk cost perspective, including tracking of initiatives
  • Setting the strategy for motor application fraud controls for pricing & underwriting, and responsibility for ensuring effectiveness
  • Responsible for Application Fraud and proposing Pricing & Underwriting changes to reflect evidence of emerging opportunities
  • Lead, motivate and inspire both your direct reports and those within the wider P&U function through your breadth of knowledge an expertise

What we are looking for

We are keen to meet enthusiastic, passionate and curious individuals, and are open to hear from those with specialisms of either pricing or underwriting, key is your breath of experience and understanding across both areas.

  • Experience of financial planning of a motor portfolio within UK personal lines space
  • Previously managed a motor portfolio with demonstratable experience of making pricing and underwriting adjustments
  • Experience of underwriting, either through direct responsibility or alongside colleagues as part of portfolio management
  • Knowledge and understanding of technical pricing with the ability to interpret predictive models for pricing and forecasting
  • Ability to inspire and engage colleagues to do their best work every day, with a strong external network to bring in best practise and new concepts to DLG.

What we’ll give you: 

We recognise we wouldn't be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Core benefits include:

  • 9% employer contributed pension
  • 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
  • Up to 20% annual bonus
  • 30 days holiday + bank holidays
  • Private medical insurance for yourself
  • EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
  • Buy as you earn share scheme
  • Employee discounts and cashback
  • Plus many more

Read our flexible working approach here.

Be yourself

We recognise and embrace people that work in different ways so if you need any reasonable adjustments within this recruitment process, please reach out to us and we can discuss how we can support you with this. 

There’s no-one else like you. No-one with the exact same mix of strengths, quirks, skills, and thoughts. That’s why you could belong here. As part of a team, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every one of us brings. Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We know you're more than a CV, and the things that make you, you, are what bring potential to our business.

Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.

Together we’re one of a kind.



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