Pricing Consultant - Trading

Pricing Consultant - Trading

In Motor Retail Pricing, we’re not just another pricing team – we’re a group of curious innovators pushing boundaries to build best in class capability. Every day we blend deep analytical expertise with bold, forward‑thinking ideas to deliver smarter pricing, sharper insights, and better outcomes for our customers and our business.

Trading is responsible for achievement of agreed plan metrics. You’ll contribute to a wide range of activities with immediate impact to our customers and performance.

• Running Price Optimisation in Radar on a regular basis to hit the financial plan for Motor product.
• Tracking and identifying market opportunities and proposing rate changes.
• Constantly find new efficient ways of pricing.
• Embedding a test and learn approach in pricing.
• Proposing price changes and getting them signed off from key stakeholders.
• Testing the proposed changes before being deployed in Live.
• Conducting post‑implementation reviews and taking actions where the actual impacts are not in line with expectation.
• Providing inputs to plan and reforecasts.
• Portfolio management and mix monitoring.
• Stakeholder management and engagement across internal teams.
• All the while, ensuring that appropriate governance processes are followed to ensure we have relevant sign‑offs and regulatory compliance checks have been completed.
• Initially you’ll focus either on PCW or on Direct channels.

• Experience in Retail Pricing and Price Optimisation.
• Strong understanding of the components of a pricing algorithm and application of underwriting rules.
• Understanding of key legislation and regulation applying to motor insurance and how this impacts pricing algorithms, models, customer premiums and experience.
• Strong numerical and analytical skills with a keen eye for problem solving.
• Extensive experience of Radar, or alternative pricing software.
• Experience of multivariate modelling, for example in Emblem.
• Experience of data manipulation using languages such as SQL or Python.
• Experience of statistical and mathematical techniques and proven experience of applying these effectively in General Insurance Pricing.
• Desire to be accountable for your deliverables and the performance of Motor products.

• Employer contributed pension
• Annual company bonus
• Discounts on Insurance products
• Generous holiday allowance
• Flexible benefits package including optional health and dental insurance
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

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.