LV= GI Careers / Job Details

About the Role

LV= General Insurance is a large, multi-award-winning insurance company within the Allianz Holdings plc group of companies, which is one of the largest general insurers in the UK measured by gross written premium. The Pricing Research & Development (R&D) Team is undertaking several major projects that will help us shape the insurance landscape of the future and we have an exciting opportunity to join the team as a Senior Pricing Analyst working on Motor or Home insurance products.

As a Senior Pricing Analyst in the Pricing R&D Motor or Home Team, you will use statistical modelling, machine learning techniques and insurance market knowledge to develop and implement price optimisation across our Motor and Home insurance product range. You’ll create and deliver your own plans for projects that bring together technical experts and communicate the results to stakeholders across the business. Drawing upon your existing experience in the field, this role is a great opportunity to step up to the next level in your career!

The role will be based in our Croydon or Birmingham offices and offered on a hybrid basis with the opportunity to work from home regularly or other flexible working arrangements. We want the best people working at our organisation and we recognise that those people aren’t always available full-time. So if you need any adjustments, let us know during your interview. If it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.

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

About You

You’ll have experience in a relevant working environment, and you’ll be looking to take the next step in your chosen path to becoming one of our trusted experts in the field of Pricing. While on the journey, you'll be supported by the team to grow and develop in the more technical aspects of the role. You'll have an analytical mind and a keen interest in helping drive data-led decision making across Pricing. You'll also be a great communicator, with the ability to present your ideas to stakeholders from around the business.

While having a financial services background with could be advantageous, we’re happy to consider applicants from any industry with a proven record in delivering analytical work. Knowledge of pricing optimisation and the regulatory environment, and the skills to influence optimisation strategies for new business or renewals is desirable. This could also include (but is not limited to) working with Willis Towers Watson’s Radar software.

We don't expect you to know everything from day one, but the following will enable you to hit the ground running:

• Strong knowledge and experience of using statistical methods, predictive models, and machine learning techniques to achieve business objectives. This should include (but is not limited to) GLMs (Generalised Linear Models) and tree-based GBMs (Gradient Boosting Machines).
• Experience of using a software application to analyse data and create predictive models, preferably in a team environment. This could be an open-source language such as Python, or proprietary software such as Willis Towers Watson’s Radar and Emblem products.
• Excellent data handling skills, such as producing summary statistics, transformations and visualisations, using software tools such as SQL, Python and Databricks
• Enthusiasm to maintain and improve your knowledge of data science as applied to modelling customer purchase behaviour and pricing insurance products
• Ability to build and maintain relationships throughout both the Pricing Department and the wider business
• Proven teamworking and organisation skills to allow you to plan and deliver projects, adapting where necessary to external factors
• Ability to interpret analytical outputs and communicate results to technical and non-technical audiences
• Capability to review junior team members’ work, provide feedback, and suggest improvements
• A passion for sharing technical knowledge in an informative and engaging way to support and mentor junior colleagues across Pricing

The Details

Customers are at the heart of everything that we do, so you’ll need to live the LV= values and consider customer impacts when proposing pricing changes, appropriately documenting work for implementation and future reference. As a key member of the team, you’ll plan and deliver project work to agreed business timescales based on requirements from Pricing and business-wide meetings.

You’ll use your coding, modelling, and insurance industry expertise to carry out and deliver pricing analysis, interpret the output, and communicate the results to a technical and non-technical audience. You’ll collaborate with various stakeholders and work with the business to understand best practices and keep aligned with the best ways of working.

Your role will vary day to day, but here is a bit of what you can expect:

• Work with different teams and stakeholders to achieve an understanding of their needs, data requirements and expected modelling outcomes
• Get hands-on with data from its source right through to modelling and implementation, choosing the right software tool for the job, including Databricks (SQL and Python) and Willis Towers Watson software tools Radar Optimiser, Radar Live, and Emblem
• Analyse data, interpret output, and communicate results to a non-technical audience
• Assist in carrying out model builds and updates – continually looking to improve data and processes
• Plan and carry out model builds and updates – continually looking to improve data and end-to-end delivery processes
• Review junior team members’ work, provide feedback, and suggest improvements

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 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.

You’ll be keen to learn and pro-actively develop your career, and we’ll provide many opportunities and study support, including:

• Access to the AllianzU platform for a wide range of learning resources to target the areas you want to improve

• Learning resources to improve and maintain your data science skills including a company subscription to DataCamp
• Generous study support packages for those working towards becoming a qualified actuary or another professional qualification
• The chance to be mentored by experts in the field.
• An established pathway for promotion and advancement of your career
• Opportunities to diversify your experience across a variety of product lines and secondment opportunities to other departments across LV=
• Analysts have the opportunity to attend the Allianz Global P&C (Property & Casualty) Academy. The P&C Academy accreditation helps technical people in the Allianz Group to continuously develop their knowledge as they progress in their careers. It gives recognition to technical excellence, both inside and outside Allianz Group. In addition, the accreditation supports Allianz’s claim to be the employer of choice for top technical talent in the market. The course offers:
  • in-depth technical training provided by experts in Allianz Group
  • opportunities to exchange with peers from other Allianz OEs around the Globe

It’ll be up to you to direct your personal development, and we’ll be there every step of the way to support you and give you opportunities to put the knowledge you gain into practice!

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.

We are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive – your work life balance is important to us.

Our Purpose and Values

We secure your future

Be Brave | With Heart | Everyone Counts | Inspiring Trust

Our purpose and values are more than just words on a website - they are the why and how of LV= GI. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.