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For Companies At a Glance
- Tasks: Lead pricing strategy and manage a team to drive performance.
- Company: Join a market leader in a dynamic financial services environment.
- Benefits: Enjoy hybrid working, career progression, and a collaborative culture.
- Why this job: Make a significant impact in a pivotal role with excellent growth opportunities.
- Qualifications: Numerate degree required; pricing experience and analytical skills are essential.
- Other info: Flexible office days based on your location and circumstances.
The predicted salary is between 43200 - 72000 £ per year.
My client is looking to recruit either a Pricing or Senior Pricing Manager to join the business at an exciting time. This is a high profile and pivotal role that will offer you the opportunity to make a significant impact and be part of a market leading Pricing function. In this role, you will be required to ensure actuarial oversight and technical pricing excellence for the consumer base and the pricing of £300m of policies, and help deliver opportunities that drive Retention trading performance.
Specific responsibilities will include:
- Driving the Consumer pricing strategy
- Liaising with the FCA and Financial Ombudsman Service
- Modelling the tax implications of pricing changes
- Developing forecasting models
- Providing predictive analysis to support strategy
- Managing a small team of pricing analysts
The role will be outward facing and require you to partner with various stakeholders to explain technical concepts in a non-technical way, and also to provide oversight to delivery and growth plans to challenge and ensure excellence and best in class practice.
The Person
The successful candidate will be highly numerate and possess significant pricing experience, plus strong technical knowledge of pricing and analytical techniques. You will possess a relevant numerate degree and will ideally have an Insurance (General or Commercial) background or similar Financial Services experience. Experience of statistical modelling and stakeholder management is key, and you will be bright with an inquisitive and analytical mindset. Previous leadership experience would also be advantageous but not essential.
The Client
My client operates in a highly competitive and constantly evolving regulatory environment, and this role operates within the largest P&L for my client, so is a key role focused on helping drive profitability. My client has a fantastic reputation for offering genuine career progression, within a strong values-based culture where you will be rewarded for your performance in a collaborative environment. The role offers hybrid working, and there is flexibility on how many days in the office depending on the location and circumstances of the successful candidate.
Pricing - Senior Pricing Manager employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing - Senior Pricing Manager
✨Tip Number 1
Familiarise yourself with the latest trends in pricing strategies, especially within the insurance sector. Understanding how market dynamics affect pricing can give you an edge during discussions with stakeholders.
✨Tip Number 2
Brush up on your statistical modelling skills. Being able to demonstrate your ability to create and interpret forecasting models will be crucial in showcasing your technical expertise during interviews.
✨Tip Number 3
Network with professionals in the pricing and insurance fields. Engaging with industry peers can provide insights into best practices and may even lead to referrals that could help you land the job.
✨Tip Number 4
Prepare to discuss your experience in stakeholder management. Be ready to share examples of how you've effectively communicated complex concepts to non-technical audiences, as this is a key aspect of the role.
We think you need these skills to ace Pricing - Senior Pricing Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in pricing and analytics. Emphasise any leadership roles you've held and your ability to manage teams, as well as your technical knowledge of pricing strategies.
Craft a Compelling Cover Letter: In your cover letter, explain why you're the perfect fit for the Senior Pricing Manager role. Discuss your experience with stakeholder management and your ability to communicate complex concepts simply, as these are key aspects of the job.
Showcase Your Analytical Skills: Provide examples of how you've used statistical modelling and forecasting in previous roles. Highlight specific projects where your analytical skills led to improved pricing strategies or business outcomes.
Research the Company: Familiarise yourself with the company's market position and their approach to pricing. Mention any insights you have about their consumer base or regulatory environment in your application to demonstrate your interest and understanding.
How to prepare for a job interview at Morgan McKinley
✨Understand the Pricing Landscape
Familiarise yourself with current trends in pricing strategies, especially within the insurance sector. Be prepared to discuss how these trends could impact the company's pricing strategy and demonstrate your knowledge of the competitive landscape.
✨Showcase Your Analytical Skills
Since the role requires strong analytical capabilities, be ready to provide examples of how you've used statistical modelling and predictive analysis in previous roles. Highlight any specific tools or methodologies you are proficient in.
✨Communicate Clearly with Stakeholders
As the position involves liaising with various stakeholders, practice explaining complex technical concepts in simple terms. Prepare examples of how you've successfully communicated with non-technical audiences in the past.
✨Demonstrate Leadership Potential
Even if you don't have extensive leadership experience, think of instances where you've taken initiative or led a project. Discuss how you can manage and mentor a team of pricing analysts, focusing on collaboration and growth.
