Commercial Pricing Analyst

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best. 

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 Pricing Analyst in our Commercial Team. Support your team in providing an innovative and effective analytical pricing service for Direct Line Group with a focus on the delivery of Pricing recommendations for Commercial business.

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.

• Suggest recommendations to improve DLG’s pricing performance and longer-term pricing capability, whilst maintaining underwriting discipline

• Provide analytical support and insight to inform business decisions and strategy, with a responsibility for ensuring robustness of output

• Assist with the development of pricing models and ensure their appropriate use and application. Monitor the effectiveness of models on an ongoing basis to ensure they are fit for purpose and suggest areas of development

• Analyse trading performance and monitor controls, including producing & analysing tactical MI, and develop recommendations to support the trading objectives. Identify gaps in existing MI and develop improvements

• Plan, manage and deliver specific tasks and projects in a pro-active, timely and accurate manner, providing insights, impacts and recommendations

• Play an active role in the induction and training of new members to the team thus ensuring a personal feel to their integration into the team; act as a first point of contact on technical and process issues

• Interact effectively with peers in other areas of DLG to improve knowledge share and understand impacts of your work across the wider business. Ensure learnings are effectively communicated across the team

• Identify opportunities for improvements to enable tasks to be performed in a more efficient manner. Challenge current processes appropriately with suggestions as to how these can be refined

• 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

• Develop yourself in order to maximise your personal contribution to the team and identify opportunities to gain additional skills, including through secondments and/or rotations

• 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 DLG Policies, statutory and regulatory requirements, governance controls (including all relevant risk minimum standards) and timely completion of risk and audit actions, ensuring reputational risk is minimised

• Reinforce the culture and core values of DLG through appropriate behaviours and actions

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office 

What you’ll need

• You will exhibit good communication skills and be able to demonstrate personal effectiveness

• You will be a team player but also be able to use your own initiative

• You will be educated to at least degree level or equivalent in a numerically focussed degree

• Relevant work experience within a similar pricing or analytical role is desirable

Benefits 

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% AIP 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 

• Plus, many more 

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live. 

Be 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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