LV= GI Careers / Job Details

Senior Pricing Risk & Regulation Consultant

Bournemouth

Reference: GI-1247

Closing date: 26th July 2024

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LV GI

Senior Pricing Risk & Regulation Consultant

Are you a pricing expert who is looking to get into a new & interesting role?

An exciting opportunity has arisen for a Pricing Risk and Regulation Consultant to join LV GI. The purpose of this role is to support the Head of Pricing Risk and Regulation in providing reasonable assurance to senior management that pricing processes and procedures are operating effectively and in line with our ambition to build a best-in-class pricing function which operates dynamically and at pace, whilst in line with risk appetite and relevant regulatory requirements.

We are looking for somebody from a General Insurance Pricing background, who is looking to expand their career within a new field.

We work on a hybrid working basis, working for a minimum of 2 days per month in the office. We open to location and you can be based in any of our Pricing offices which are; Birmingham or Bournemouth.

Key Responsibilities

Risk:

  • Promote, continuously enhance and embed the Pricing Risk Management Framework and ensure it adequately and effectively controls all risks within Pricing.
  • Work closely with Pricing colleagues and other areas of the business (such as business Risk teams) to report on risks and controls.  
  • Ensure Pricing risk incidents are captured, logged and regularly reviewed to ensure common root cause is identified and effective controls implemented.
  • Test risk controls and track control improvements.

Governance:

  • Ensure Pricing governance is up-to-date and appropriate e.g. meeting TORs, Portfolio Strategies, Confluence pages
  • Test, manage and embed Pricing governance across all lines of business
  • Manage functional rule attestation and audit actions

Regulation:

  • Ensure that output from either 3rd parties (regulator, external consultancy review), internal audit or guidance regarding Pricing Governance and Risk or customer conduct are fully considered and implemented within Pricing in good time.
  • Ensure Pricing department is adhering to its Pricing Principles and Pricing Strategy in matters regarding regulatory and/or customer outcomes.
  • Manage DPIA process
  • Act as a Data Privacy Champion
  • Support regulatory reporting process

 

About you

  • Experience of General Insurance Pricing
  • Understanding of relevant UK regulatory requirements
  • Understanding of the risk management cycle
  • Educated to degree level or equivalent professional qualification
  • Attention to detail
  • Inquisitive mind
  • Excellent organisation skills
  • Good verbal and written communication skills with ability to influence and motivate Pricing teams

 

Why Work for Us?

Exciting things are happening at LV=General Insurance (LV=GI). Having recently become part of the Allianz family, we’re proud to be one of the largest personal insurers in the UK.

Driven by our pride and passion, we will always do the right thing to inspire trust in our people and our customers. That’s why we’ve made it our mission to become Britain’s best-loved insurer, by helping people look after what they love.

 

What we can offer you

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider LV=GI Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

  • 26 days' holiday – which increases after two years’ service to 28 days, plus bank holidays
  • A competitive pension for which LV= will pay twice the amount you pay, up to 14% 
  • An annual bonus scheme based on company and personal performance
  • A flexible benefits package (e.g. discounted retail vouchers, great value dental insurance)
  • ElectriX EV salary sacrifice scheme
  • A generous 25% discount off our general insurance products including home, pet and travel as well as up to 50% discount on your car insurance.

 

Diversity & Inclusion

We believe fostering a diverse and inclusive culture is key to the successful delivery of our future strategy. Our Diversity and Inclusion programme challenges us to provide inclusive products for our customers and members and to ensure our workplace is accessible and inclusive for all. Our vision is to foster an inclusive culture and diverse workforce which values individual difference and where everybody can live confident, driving better customer and financial outcomes.

LV= is an equal opportunities employer who values a diverse and inclusive workplace. We recognise that people work in different ways, and we value alternative viewpoints, celebrate individuality and foster a culture where everyone can bring their true self to work. We are committed to creating a diverse workforce, we accept applications from everyone regardless of your background, beliefs, culture, gender identity, ethnicity, sexual orientation, disabilities and long term health conditions

Here at LV= we always love to hear from great people, so don’t forget to follow us on Instagram, Twitter, LinkedIn and become a fan on Facebook.

Apply Now

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