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- Tasks: Lead a team to enhance pricing algorithms and improve customer journeys.
- Company: CFC is an innovative insurance company focused on technology and collaboration.
- Benefits: Enjoy a fun work culture, flexible hours, and opportunities for professional growth.
- Why this job: Join a dynamic team at the forefront of technology in the insurance industry.
- Qualifications: Experience in pricing algorithms for casualty or professional lines is essential.
- Other info: We value passion, collaboration, and a willingness to challenge the status quo.
The predicted salary is between 43200 - 72000 £ per year.
Together with other likeminded professionals, you will be leading and mentoring a team that builds and enhances CFC’s pricing algorithm. We believe the work you do each day has a material impact on almost every aspect of CFC!
In this role, you will be working closely with our underwriting, data science & AI, pricing operations, products and technology teams to proactively improve the predictiveness of our pricing algorithms and the customer journey. You will work in collaboration with other teams and use traditional or new generation modelling techniques like Gradient Boost Models, Decision Tree or Random Forest to identify market opportunities, conduct competitor analysis, and bring CFC’s innovative insurance solutions to market.
You will also be involved in portfolio optimisation to drive commercial strategic direction from the pricing perspective, ensuring CFC profitability objectives are met. We believe in an iterative working approach with a robust feedback loop between Underwriting, Claims, Reserving and Pricing.
Amongst other things, your role will develop and maintain appropriate pricing frameworks and methodologies across all of CFC’s products, including setting the technical price and input into the suggested price. Working in a multi-disciplinary team to assist in developing new insurance products: You will work closely with the Pricing Operations team in the testing, implementation, documentation and maintenance of pricing tools.
You will work closely with underwriting, claims and IT teams to identify emerging risks and claim trends to allow for these in the pricing models. You will undertake regular granular deep dive analysis across CFC’s products, reviewing rating structures and assumptions against our own experience and external sources as well as identifying and enriching new rating factors to enhance risk selection and long-term profitability.
You will develop and monitor a suite of consistent and accurate KPIs to support the identification of strategic opportunities and portfolio optimisation decisions. You will help set and monitor risk appetites and risk tolerances to ensure delivery against the business plan. You will undertake experience and/or exposure-based pricing analysis to support commercial decisions on portfolio transfers.
Are you a pricing actuary with experience in developing pricing algorithms for casualty or professional lines within the SME, middle-market or London market space? Are you excited about working at the forefront of technology with multi-disciplinary teams to deliver the best customer journey and stay ahead of the competition? Are you a driven, self-starter with a strong work ethic, who likes working in a collaborative, team-first environment and is looking for a new challenge in a non-traditional pricing team? We’re keen to meet you and hear more about you and your ethos.
Core Values
- Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and make the difference to our colleagues, customers, brokers and carriers.
- Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
- Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
Pricing Manager employer: CFC
Contact Detail:
CFC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Manager
✨Tip Number 1
Familiarise yourself with the latest pricing algorithms and modelling techniques mentioned in the job description, such as Gradient Boost Models and Random Forest. This will not only enhance your understanding but also demonstrate your proactive approach during discussions.
✨Tip Number 2
Network with professionals in the actuarial and pricing fields, especially those who have experience in casualty or professional lines. Engaging with industry peers can provide insights into current trends and challenges, which you can reference in conversations with us.
✨Tip Number 3
Prepare to discuss your experience with portfolio optimisation and how you've contributed to commercial strategic decisions in previous roles. Highlighting specific examples will showcase your ability to drive profitability and align with our objectives.
✨Tip Number 4
Showcase your collaborative skills by preparing examples of how you've successfully worked in multi-disciplinary teams. Emphasising your ability to communicate effectively with underwriting, claims, and IT teams will resonate well with our team-first ethos.
We think you need these skills to ace Pricing Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing algorithms, actuarial work, and collaboration with multi-disciplinary teams. Use specific examples that demonstrate your skills in developing pricing frameworks and methodologies.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your values align with CFC's core values, such as challenging the status quo and fostering a collaborative environment.
Showcase Technical Skills: Emphasise your proficiency in modelling techniques like Gradient Boost Models, Decision Trees, or Random Forests. Provide examples of how you've used these techniques to identify market opportunities or improve pricing strategies.
Highlight Team Collaboration: Discuss your experience working in teams, particularly in a pricing context. Mention any cross-departmental projects you've been involved in, especially those that required close collaboration with underwriting, claims, or IT teams.
How to prepare for a job interview at CFC
✨Understand the Pricing Algorithms
Make sure you have a solid grasp of pricing algorithms, especially those relevant to casualty or professional lines. Be prepared to discuss your experience with traditional and new generation modelling techniques like Gradient Boost Models and Decision Trees.
✨Showcase Your Collaborative Spirit
Since this role involves working closely with various teams, highlight your experience in collaborative environments. Share examples of how you've successfully worked with underwriting, data science, and IT teams to achieve common goals.
✨Prepare for Technical Questions
Expect technical questions related to pricing frameworks and methodologies. Brush up on your knowledge of KPIs and portfolio optimisation strategies, as these will likely be key discussion points during the interview.
✨Emphasise Your Passion for Innovation
CFC values innovation and challenging the status quo. Be ready to discuss how you've previously identified market opportunities or improved processes, and express your enthusiasm for working at the forefront of technology in the insurance sector.
