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Job Requisition ID: 60011454
Welcome to Hastings Direct – From our Group HR Director Pam Angel
We’re a digital insurance provider with ambitious plans to become The Best and Biggest in the UK market. We’ve made huge investments in our data and tech capabilities over the past few years, along with nurturing our 4Cs culture. We’re proud of the journey we’re on as a company and know that our continued success will rely on the contribution of our talented colleagues.
We are seeking a highly skilled Senior Data Scientist to join our Market Models team. You will play a critical role in developing, enhancing, and maintaining market models that drive competitive positioning and profitability. This role requires a deep understanding of statistical modeling, machine learning, and market dynamics to build models that anticipate competitor pricing strategies and inform data-driven decision-making.
As a Senior Data Scientist, you will work closely with pricing, underwriting, data engineering, and commercial teams to improve our market pricing capabilities and drive innovation in how we leverage external and internal data.
Key Responsibilities
- Develop and enhance market models to improve competitive positioning.
- Analyze external market trends and competitor behaviours to build predictive models that inform pricing strategy.
- Apply advanced statistical and machine learning techniques, including generalized linear models (GLMs), gradient boosting, and deep learning, to extract insights from large, complex datasets.
- Work with data engineers to ensure the ingestion, transformation, and deployment of market model outputs into real-time pricing systems.
- Collaborate with pricing teams to translate model outputs into actionable pricing strategies.
- Monitor model performance and conduct regular validation to ensure accuracy, robustness, and compliance with regulatory requirements.
- Lead innovation initiatives, including testing new data sources and advanced modelling techniques.
- Mentor junior data scientists and analysts, fostering a culture of technical excellence and innovation.
Key Skills & Experience
- Strong expertise in statistical modelling and machine learning techniques (GLMs, GBMs, neural networks, etc.).
- Experience in pricing or market modelling, preferably in insurance.
- Proficiency in Python and SQL for data analysis and model development.
- Hands-on experience with machine learning frameworks (XGBoost, LightGBM, etc.).
- Strong understanding of market dynamics, elasticity modeling, and demand forecasting.
- Experience in deploying models into production and integrating them with business decision-making systems.
- Ability to communicate complex concepts to non-technical stakeholders effectively.
What we offer
Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company, and community. As one of our colleagues, you’ll be helping to drive our growth, so in return, we’ll give 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.
Reward
Salary– Attractive salary based on experience + car allowance (pay reviews also completed each year).
Flexible Working– We champion a flexible and hybrid working approach so please speak to your recruiter to discuss in more detail, including days in the office and at home.
Competitive Bonus Scheme- All colleagues are eligible for our annual 4Cs performance bonus, which is usually paid in March. The scheme is based on Hastings’ performance against our business goals and your own personal performance.
Physical Wellbeing– as a Band 4 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI). This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen.
Financial Wellbeing– As well as providing you with 4x your salary with our life assurance cover and income protection at no extra cost, pension contribution match up to 10%, we are proud to provide you with an AWARD WINNING package which includes – discounts and cashback at everyday retailers and on our own products, fee-free independent mortgage advice, and free access to financial wellbeing support.
Mental Wellbeing programme– At Hastings Direct we understand that mental health cannot be scheduled, that’s why we have a range of support to help you keep yourself well. We have the thrive mental health app, our colleague assistance programme available 24/7, our own, in-house mental health first aiders, support groups, and a dedicated team to make sure we are covering your needs.
Theres more!– 27 days annual leave + bank holidays, with the option to buy or sell one of your contracted weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year, and much more.
At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.
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