Job details

Pricing Modelling Consultant

Region: Midlands

Location: Stratford-upon-Avon

Contract type: Permanent

Reference number: CSDI02363

Closing date: 28th May 2021

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About the role

Our Pricing Department is a rapidly expanding function which focuses on delivering long term value for our customers rather than working to short-term profit targets. Following substantial investment in technology and with the contribution of a 70 strong team with a diverse skill set, the department is shaping to be a cutting-edge hub of expertise with ambitious growth plans.

We are now seeking an experienced Pricing professional to join us and become part of our success story. As a Modelling Consultant within the team, you will be responsible for leading the development of General Insurance pricing models for a defined product range. You will strive to continually deliver improved model accuracy and generate new insight that will support enhanced decision making.

Other key accountabilities for the role include;

  • Development of new modelling methodologies (e.g. machine learning techniques) to extract more value and insight out of existing datasets

  • Identifying and testing new pricing model data to improve understanding, performance and ‘predictiveness‘

  • Executing the ‘expert judgement’ process in collaboration with Underwriting, to ensure rates and rating logic are informed with the benefit of deep insurance and market knowledge

  • Building and maintaining influential and two-way relationships with the Risk and Street Pricing community, as well as Underwriting to ensure effective delivery

  • Coach and develop direct reports so that they know what is expected and to maximise their contribution to business objectives.

What we're looking for

We are seeking an individual with experience of pricing ideally gained within the general insurance sector, with explicit accountability for the technical development of modelling. Applications are also welcome from professionals with experience from other regulated financial sectors such as banking or energy provided you can demonstrate prior experience with machine learning and predictive analysis. 

The successful candidate will have experience of running multiple streams of work simultaneously and will also have experience of building and using pricing models (loss cost and/or demand models), ideally using Emblem or R.

As a senior member of the team, we hope that you will have experience of conducting peer reviews of models, will have strong influencing skills with the ability to establish effective relationships with stakeholders and will have expert product knowledge for your specific model sector.

Candidates will hold, or be working towards, one of the following: A numerical related Degree, ACII, Accountancy Qualification (ACA/ACCA), MBA or FIA.

What we can offer

At NFU Mutual we continue to work remotely, when we do return to the office we will be working with a balance between home and office working.

We pride ourselves on being “a great place to work” and have again been presented with the Gallup Great Workplace Award. Along with a supportive culture you can also look forward to some very attractive reward benefits such as:

  • Competitive salary

  • Annual bonus (up to 17.5%) 

  • Contributory pension scheme (maximum of 12% company contribution)

  • 25 days holiday plus bank holidays (additional holiday purchase scheme)

  • Employee discounts 

  • Gym subsidy  

  • Health and wellbeing plan

  • Discounted Insurance on all NFU Mutual Policies

About us

One of the UK’s leading general insurance and financial services companies, NFU Mutual has been meeting our customers’ needs for over 100 years.

Our employees are important to us. We empower and inspire them to perform, offer opportunities to grow and we recognise and reward their contribution. They are proud to work for a company that respects them and broader communities, and they trust us to be financially sustainable so we are successful now, and in the future.

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NFU Mutual Careers - Our Offices - Tiddington Office Exterior.png

Tiddington Road
Stratford upon Avon
CV37 7BJ

Visit the Stratford-upon-Avon (Tiddington) office

Vacancy managed by

Kirstie Patterson

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Working for NFU Mutual

We are a leading provider of general insurance and financial services. From our strong farming roots we’ve grown to become a UK-wide organisation, turning over £1billion annually. Yet success hasn’t gone to our heads. We’re proud to remain completely customer focused, down-to-earth and committed to the rural communities we’ve grown from.

Our ethos - of trust, respect and personal service - lies at the heart of all we do and has seen us build an enviable reputation for exceptional member loyalty. Though we’ve been in business for over 100 years, we have big ambitions for the future. And that’s why we’re looking for talented people to join our growing organisation. Talented people like you.