Market Pricing Manager (SME)
Market Pricing Manager (SME)

Market Pricing Manager (SME)

Full-Time 43200 - 72000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead pricing strategy and optimise models for AXA UK's SME PMI.
  • Company: Join a leading insurance company with a focus on innovation and collaboration.
  • Benefits: Competitive salary, bonuses, pension scheme, life assurance, and private medical cover.
  • Why this job: Make a real impact in pricing strategy while developing your skills in a dynamic environment.
  • Qualifications: Expertise in retail pricing data, modelling, and strong leadership skills required.
  • Other info: Opportunity for career growth and continuous learning in a fast-paced industry.

The predicted salary is between 43200 - 72000 ÂŁ per year.

What you’ll be doing:

  • Leading the SME PMI pricing strategy for AXA UK, ensuring alignment with commercial objectives and guiding the design, prioritisation, and continual refinement of optimisation and rating models.
  • Reviewing and challenging behavioural, demand, and market models to ensure robustness, regulatory compliance, and ongoing value enhancement.
  • Overseeing model performance monitoring to prioritise reviews and enable agile interim rating changes during model assessments.
  • Pricing legacy SME PMI and non-PMI portfolios, driving sophistication and cadence improvements prior to migration.
  • Validating the LTV projection framework, ensuring robustness of assumptions and timely reviews.
  • Embedding fair value principles in pricing decisions in line with the fair pricing policy and conduct expectations.
  • Maintaining governance and audit readiness through documentation and validation of pricing assumptions/outputs; develop data-driven monitoring for pricing changes.
  • Leading, coaching and developing pricing analysts; build actuarial, data science, and commercial capabilities; represent pricing in trading, product, and governance forums, collaborating with Distribution, Propositions, Finance, Medical Underwriting, and Compliance.

What you’ll bring:

  • Expert knowledge of retail pricing data and modelling in insurance for AXA UK, including GLMs and machine learning (GBMs), with hands‑on Radar pricing software experience.
  • Deep expertise in price optimisation, reserving, and P&L dynamics to drive commercial outcomes and financial performance.
  • Proven track record leading and motivating a pricing team, fostering a culture of energy, empowerment, creativity, teamwork, and strong coaching.
  • Comprehensive understanding of the regulatory environment and the dynamics of large organisations in which AXA UK operates.
  • Demonstrated resilience and ability to manage multiple priorities in a fast‑paced, demanding environment.
  • Outstanding communication and influencing skills with strong stakeholder management; ability to build credibility, manage expectations, and resolve conflicts.
  • Strong educational foundation in mathematics or statistics (2:1 or higher) and ideally actuarial qualification or progress toward qualification.
  • Solution‑focused, data‑driven mindset with delivery focus; collaborative and able to translate analytics into actionable pricing decisions with cross‑functional partners (Distribution, Propositions, Finance, Compliance).

This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre‑employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.

What we offer:

  • Competitive annual salary of up to ÂŁ80,000
  • Annual company & performance‑based bonus
  • Contributory pension scheme (up to 12% employer contributions)
  • Life Assurance (up to 10 x annual salary)
  • Private medical cover
  • 28 days annual leave plus

Market Pricing Manager (SME) employer: AXA Group

AXA UK is an exceptional employer that prioritises employee growth and development, particularly for the Market Pricing Manager role. With a competitive salary, generous benefits including a contributory pension scheme and private medical cover, and a vibrant work culture that fosters creativity and collaboration, employees are empowered to thrive in a fast-paced environment. The company’s commitment to fair pricing principles and regulatory compliance ensures that team members contribute to meaningful outcomes while enjoying a supportive atmosphere that values their expertise.
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Contact Detail:

AXA Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Market Pricing Manager (SME)

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those already working at AXA UK. A friendly chat can open doors and give you insider info on what they're really looking for.

✨Tip Number 2

Prepare for the interview by diving deep into the company’s pricing strategies and recent developments. Show us that you’re not just another candidate; you’re someone who’s genuinely interested in how AXA UK operates.

✨Tip Number 3

Practice your storytelling skills! Be ready to share specific examples of how you've led teams or tackled complex pricing challenges. We want to hear about your successes and how you can bring that energy to our team.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, it shows us you’re serious about joining the StudySmarter family.

We think you need these skills to ace Market Pricing Manager (SME)

Pricing Strategy
Behavioural Modelling
Market Modelling
Model Performance Monitoring
LTV Projection Framework
Fair Value Principles
Governance and Audit Readiness
Data-Driven Monitoring
Team Leadership
Retail Pricing Data
GLMs and Machine Learning
Price Optimisation
Stakeholder Management
Mathematics or Statistics
Actuarial Qualification

Some tips for your application 🫡

Tailor Your CV: Make sure your CV speaks directly to the Market Pricing Manager role. Highlight your experience with pricing strategies, data modelling, and team leadership. We want to see how your skills align with what we’re looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about pricing in insurance and how your background makes you the perfect fit for our team. Keep it engaging and relevant to the job description.

Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you’ve driven commercial outcomes or improved pricing models in previous roles. Numbers and results speak volumes!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!

How to prepare for a job interview at AXA Group

✨Know Your Numbers

As a Market Pricing Manager, you'll need to demonstrate your expertise in retail pricing data and modelling. Brush up on your knowledge of GLMs and machine learning techniques like GBMs. Be ready to discuss how you've applied these in past roles, especially with Radar pricing software.

✨Showcase Your Leadership Skills

This role involves leading and developing a pricing team, so be prepared to share examples of how you've motivated and coached others. Highlight any experiences where you fostered a culture of creativity and teamwork, as this will resonate well with the interviewers.

✨Understand the Regulatory Landscape

Having a comprehensive understanding of the regulatory environment is crucial. Familiarise yourself with the key regulations affecting AXA UK and be ready to discuss how you've navigated compliance in previous roles. This shows that you can maintain governance and audit readiness.

✨Communicate Effectively

Outstanding communication and influencing skills are essential for this position. Practice articulating complex pricing strategies in a clear and concise manner. Think about how you've managed stakeholder expectations and resolved conflicts in the past, as these examples will showcase your ability to build credibility.

Market Pricing Manager (SME)
AXA Group

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