Risk Pricing Manager

Job Title: Home Risk Pricing Manager

Location: Bexhill/Leicester/London

Welcome to Hastings Direct

We’rea digital insurance provider with ambitious plans to become the best and biggest in the UK market.

We’vemade huge investments in our pricing and data capabilities over the past few years, along with nurturing our 4

Cs culture.

We provide insurance for over four million customers, but we know there’s even bigger opportunity out there – our Pricing, Data and Analytics community value curiosity,collaboration and constructive challenge.

We are always looking fornew ideasand diverse perspectives to question established thinking and drive meaningful change. Great pricing is built on trust,innovation and precision, so our aim is to ensure customers receive a fair andaccurateprice based on their individual risk, supporting fair outcomes, while delivering sustainable and profitable growth for our company.

Pricing is more than just a number –it’sa strategic capability. At the heart of Hastings is deep risk insight – continually improving how we assess, segment and price risk through data and analytics.

The Role:  

The risk pricing manager will lead a team of 2 analysts with the aim of delivering our profit and growth targets for home.

Key Accountabilities:

• Prioritising team resource and workstack items to help achieve our home profit and growth targets

• Analysing various data sources (including loss, policy,quoteand market data), toidentifyopportunities to improve our risk pricing.

• Developing & delivering new insight, including the integration of new data, new innovativetechniquesand ways of working

• Working closely with Actuarial, Data Science, Underwriting, Data Engineering, Account Management, Retail and Counter Fraud / Digital teams

• Critically review technical models produced by actuaries and data scientists

• Analyse the above models todeterminetheoptimalway to combine these model outputs to improve the pricing algorithm
• Analyse the models toidentifysegments where prices can be improved

• Create andmaintaintools that enable us to source new pricing leads on an automated basis

• Representing the home team on various underwriting projects to generate value for the wider business

• Support the team through peer reviews,coaching and mentoring

• Ensure that we are meeting customers’ fair and reasonable expectations and provide fair outcomes for our customers.

• Band 4, with 2 direct reports, but flexible on this depending on candidate.

Whatwe’relooking for:  

• Strong general insurance background/knowledge preferable

• Strong Analysis and coding experience. Python preferred, but if experience is with other codinglanguagesthen this can be trained up

• Comfortable working with and analysing numerical/statistical data

• Thirst for making change/Inquisitive, curious nature

• Collaborates well with colleagues from own team and other teams

• Good communication skills, written and verbal

Interview Process:

Recruiter screening call

1stRound – Intro call with Hiring manager

2ndRound – Case study round

What we will give you:   

Join us andyou’llfinda different wayof doing things. We call it the 4

Cs. We focus on getting it right for our colleagues, customers,company and community. As one of our colleagues,you’llbe helping to drive our growth, so in return,we’llgive you all the support,training and development you need. Not to mention plenty of recognition and rewards, and the scope to voice your ideas and put them into practice.

As a Disability Confident employer,we’recommitted to ensuring our recruitment processes are fully inclusive – what this means to you is ifyou’reapplying for a job with us,you’llhave fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).Formore information on the DCS, please visit our inclusive business page on ourcareerswebsite

Benefits: in addition to a competitive salary and £5k car allowance you will also receive…

Flexible working – we champion a flexible hybrid working approach – please speak to your recruiter to discuss in more detail

Competitive bonus scheme - all colleagues are eligible for our annual 4

Cs performance bonus

Physical wellbeing – as a Band…