Pricing Manager

JOB DESCRIPTION

POSITION:
Pricing Manager

LOCATION:
London/ flexible hybrid working

About the Opportunity

This is an exciting opportunity to join our client’s wider Underwriting team, as their new Pricing Manager, you’ll be a key figure in driving the evolution and growth, you’ll support and innovate processes.

In this role you’ll use your deep expertise in market pricing and pricing optimisation to support their Pricing strategy by monitoring and analysing market trends and making the best of your unique skill set across market pricing, and loss ratio analysis to deliver actionable insight to the business.

You’ll be at the heart of the Underwriting team, reporting to their Head of Pricing and building strong relationships in Underwriting, Actuarial, Finance and Marketing teams.

Your Focus

• Work closely with their Head of Pricing to deliver pricing strategy, deputising where needed
• Lead the development and refinement of pricing strategy in collaboration with the Head of Pricing, providing leadership and guidance to the pricing team
• Own market pricing activities including development of their demand, elasticity, and market pricing models and own and develop their pricing optimisation framework
• Providing inputs into the management and development of their lifetime value modelling and multi-year price optimisation models and strategic approach
• Monitor market trends and extract insight on competitor benchmarking to make rate recommendations
• Build a strong relationship with marketing and keep the business informed of their competitive position and conversion performance in their trading meetings

What they’re Looking For

• Ideally, you’ll already be a Pricing Manager or experienced senior analyst with technical pricing skills looking to step up
• You have strong commercial experience in a pricing role, preferably direct or aggregator-led personal lines insurance
• You’ll be an expert in predictive modelling and price optimisation with exposure to the latest emerging techniques in these domains such as machine learning and AI
• You’re up to date with technical developments in the insurance industry and best practice in actuarial methods
• You're a confident user of pricing tools, systems, and languages such as Python, SQL, Earnix, Radar or similar
• Owing to the nature of the role, they will need you to have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related degree, with a minimum of a 2:1 classification