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- Tasks: Lead pricing strategies for Commercial Motor Insurance and collaborate with cross-functional teams.
- Company: Join Admiral Pioneer, a dynamic venture studio within Admiral Group focused on innovation.
- Benefits: Enjoy a competitive salary, 33 days holiday, and the chance to earn free shares.
- Why this job: Shape pricing excellence in a creative environment with opportunities for career growth.
- Qualifications: 5+ years in pricing roles, strong analytical skills, and experience in commercial insurance.
- Other info: Hybrid role based in Cardiff, with a focus on diversity and inclusion.
The predicted salary is between 43200 - 72000 £ per year.
We\’re looking for a Pricing Manager – Commercial Motor Insuranceto join our newly formed team at Admiral Pioneer!
About Pioneer
Disruptive. Customer Centered. Transformational.
Admiral Pioneer exists within Admiral Group as a venture studio, providing the greenhouse in which to grow new businesses. We’re leveraging Admiral’s strengths to deliver commercially strong businesses that answer the financial needs of new audiences and respond to emerging opportunities.
We seek to disrupt the markets we enter, taking a truly customer-centric approach. We achieve this by experimenting and proving new products, business models and partnerships through a disciplined, discovery-driven approach.
About the role
Please note: this is a hybrid role based in our Cardiff office 1-2 times per week.
As a Pricing Manager, you will lead the development and execution of pricing strategies across our Commercial Motor Insurance portfolio. This role offers significant autonomy and influence, including direct input into business strategy and team development. You will oversee pricing initiatives end-to-end, collaborate cross-functionally, and act as a key voice in steering profitability, competitiveness, and sustainable growth.
You will play a pivotal role in shaping pricing excellence, building a team over time, and preparing the function for scale.
Key Responsibilities:
- Pricing Strategy & Analysis:Lead the development, implementation, and optimization of pricing models for commercial motor insurance products. Conduct detailed pricing analyses to ensure competitiveness and profitability across various lines of business.
- Data Analysis:Utilize advanced data analytics to evaluate historical trends, identify emerging risks, and assess market conditions to inform pricing decisions.
- Model Development & Testing:Design, validate, and refine pricing models and tools, applying industry best practices and cutting-edge technology.
- Collaboration & Communication:Partner with cross-functional teams (e.g., underwriting, product development, risk management) to provide strategic pricing insights and recommendations.
- Reporting & Presentation:Develop and present pricing reports, dashboards, and presentations to senior stakeholders, clearly communicating findings and strategic recommendations.
- Market Research:Stay informed about market trends, competitor activities, and regulatory changes to ensure that pricing strategies remain competitive and compliant.
- Leadership Development:Over time, you will have the opportunity to take on additional leadership responsibilities, with the potential to grow into a Head of Pricing role as the team expands.
Required Skills & Experience
- 5+ years of experience in a pricing role within commercial insurance.
- Strong track record of leading pricing strategy, model development, and team oversight.
- Proficient in analytical tools and languages such as R, Python, SQL, and Excel.
- Deep understanding of pricing principles, insurance economics, and risk assessment methodologies.
- Proven ability to influence senior stakeholders and drive cross-functional alignment.
- Experience managing or mentoring analysts or small pricing teams.
- High level of commercial acumen and ownership mindset.
- Comfortable operating in a fast-paced, dynamic, and ambiguous environment.
Desirable skills
- Experience in a start-up or scale-up setting, or in building functions from scratch.
- Familiarity with machine learning techniques in insurance pricing.
- Knowledge of regulatory requirements and compliance in commercial motor insurance.
What’s in it for you
- Autonomy:With the opportunity to shape pricing strategies and develop new models, this role offers significant autonomy to drive change and influence key decisions.
- Career Growth:As Admiral Pioneer grows, so too will your role, with the potential to step into a Head of Pricing position as the team expands.
- Innovative Environment:Join a newly formed team within Admiral Group, where innovation and creativity are encouraged to tackle the challenges of commercial insurance pricing.
- Competitive Salary & Benefits:Along with a competitive salary, we offer an attractive benefits package and performance-based incentives.
Admiral: Where You Can
We take pride in being a diverse and inclusive business. It\’s a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.
Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.
We’re proud of our people-first culture. In fact, we\’ve been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.
Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.
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Pricing Manager employer: Admiral Group plc
Contact Detail:
Admiral Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Manager
✨Tip Number 1
Familiarise yourself with the latest trends in commercial motor insurance pricing. Understanding current market dynamics and competitor strategies will help you speak confidently about how you can contribute to Admiral Pioneer’s goals.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in pricing roles. Engaging with others can provide insights into the challenges and opportunities within the sector, which you can leverage during discussions with us.
✨Tip Number 3
Brush up on your analytical skills, particularly in tools like R, Python, and SQL. Being able to demonstrate your proficiency in these areas during interviews will show us that you’re ready to tackle the data-driven aspects of the role.
✨Tip Number 4
Prepare to discuss your leadership experiences and how you've influenced cross-functional teams in the past. We value candidates who can articulate their impact and vision for team development, so think of specific examples to share.
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 strategy and commercial insurance. Use specific examples that demonstrate your analytical skills and leadership capabilities, particularly in a fast-paced environment.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Admiral Pioneer. Discuss how your background aligns with their customer-centric approach and your vision for shaping pricing strategies in the commercial motor insurance sector.
Showcase Analytical Skills: Emphasise your proficiency in analytical tools like R, Python, SQL, and Excel. Provide examples of how you've used these tools to inform pricing decisions or develop models in previous roles.
Highlight Leadership Experience: If you have experience managing teams or mentoring analysts, make sure to include this in your application. Discuss how you can contribute to building a team and developing pricing excellence at Admiral Pioneer.
How to prepare for a job interview at Admiral Group plc
✨Showcase Your Analytical Skills
As a Pricing Manager, you'll need to demonstrate your proficiency in analytical tools like R, Python, SQL, and Excel. Be prepared to discuss specific examples of how you've used these tools to develop pricing models or conduct detailed analyses in your previous roles.
✨Understand the Market Landscape
Familiarise yourself with current trends in commercial motor insurance and be ready to discuss how these trends could impact pricing strategies. Showing that you are informed about competitor activities and regulatory changes will highlight your proactive approach.
✨Emphasise Leadership Experience
Since this role involves team oversight and potential leadership development, share your experiences in managing or mentoring teams. Highlight any successful projects where you influenced cross-functional collaboration or drove strategic initiatives.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in dynamic environments. Prepare to discuss how you would approach developing a new pricing model or responding to emerging risks, showcasing your strategic thinking and adaptability.
