Commercial Trading Manager
Direct Line Group
full-time
Posted on:
Location Type: Hybrid
Location: Leeds • United Kingdom
Visit company websiteExplore more
About the role
- Define and deliver Darwin trading MI, metrics and measures (from a multiple of sources)
- Deliver the business plan and trading KPIs
- Use a range of insight and direct approaches to actively keep track of the PCW market, present analysis and findings
- Develop retail price tests making price adaptations and build products and proposition s to improve trading metrics of written premium, volume, loss ratio and risk mix
- Build a deep understanding of the drivers of profitability, especially underlying risk pricing and the uncertainty inherent in the risk price
- Use data and commercial instinct to make big calls in uncertain economic conditions and help CEO /CFO / ExCo members understand these.
- Use multiple sources of insight to help unpack the equity story for our shareholders
- Use insight to actively keep track of the Insurance Market and give direction for pricing / product / customer journey improvement.
Requirements
- Highly quantitative and with previous experience of budgeting, forecasting & trading
- Previous experience of working with linear and non-linear models, valuation models – ability to instinctively understand 2nd and 3rd order impacts of movements along a distribution curve
- Naturally curious with a constant thirst for new insight to translate into data-driven trading actions
- Ability to set their own agenda and independently deliver against their objectives
- Commercially astute – create new value in all activity and ability to challenge / develop others in commercial thinking.
- High quality data analysis– e.g., excel, tableau, SQL, Python
- Ability to discuss pricing models with insurance pricing and underwriting
- Bias towards practical application in a live trading environment (not research and development)
Benefits
- 9% employer contributed pension
- 50% off home, motor and pet insurance plus free Green Flag breakdown cover
- Additional optional Health and Dental insurance
- EV car scheme
- Generous holidays
- Buy as you earn share scheme
- Employee discounts and cashback
- Plus, many more
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
budgetingforecastingtradinglinear modelsnon-linear modelsvaluation modelsdata analysispricing modelsinsurance pricingunderwriting
Soft skills
quantitative analysiscuriosityindependencecommercial acumenvalue creationchallenging othersdata-driven decision makingagenda settinginsight translationcommunication