At a Glance
- Tasks: Lead pricing strategy and optimise models for AXA UK's SME PMI.
- Company: Join AXA Health, a leader in health insurance with a focus on innovation.
- Benefits: Earn up to ÂŁ80,000, enjoy bonuses, and benefit from a generous pension scheme.
- Why this job: Make a real impact in pricing strategy while developing your skills in a dynamic environment.
- Qualifications: Expertise in retail pricing data, GLMs, and strong leadership skills required.
- Other info: Flexible working options and a commitment to employee wellbeing.
The predicted salary is between 48000 - 64000 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 handsâon 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 fastâpaced, 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.
- Solutionâfocused, dataâdriven mindset with delivery focus; collaborative and able to translate analytics into actionable pricing decisions with crossâfunctional 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 preâemployment 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 & performanceâbased 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 Bank Holidays
- Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
- Wellbeing services & resources
- AXA employee discounts
To apply, click on the 'apply for this job' button, you'll then need to log in or create a profile to submit your CV. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a longâterm condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to saraya.cussons@axa-uk.co.uk.
Market Pricing Manager (SME) in Royal Tunbridge Wells employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Market Pricing Manager (SME) in Royal Tunbridge Wells
â¨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
â¨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their pricing strategies and be ready to discuss how your skills align with their goals. Show them youâre not just another candidate!
â¨Tip Number 3
Practice your pitch! Be clear about your experience with pricing models and data analysis. Make sure you can confidently explain how you can contribute to their team and drive commercial outcomes.
â¨Tip Number 4
Donât forget to apply through our website! Itâs the best way to ensure your application gets seen. Plus, it shows youâre serious about joining the team at AXA Health.
We think you need these skills to ace Market Pricing Manager (SME) in Royal Tunbridge Wells
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Market Pricing Manager role. Highlight your experience with retail pricing data, GLMs, and any hands-on work with Radar pricing software. We want to see how your skills align with what we're looking for!
Showcase Your Achievements: Donât just list your responsibilities; showcase your achievements! Use specific examples that demonstrate your expertise in price optimisation and team leadership. We love seeing how you've made a difference in previous roles.
Be Clear and Concise: When writing your application, keep it clear and concise. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, especially since you'll be influencing stakeholders across various teams.
Apply Through Our Website: Remember to apply through our website! Itâs the easiest way for us to receive your application. Plus, it ensures youâre considered for all the great benefits we offer at AXA Health.
How to prepare for a job interview at AXA Group
â¨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.
â¨Showcase Your Leadership Skills
This role involves leading and developing a pricing team, so be prepared to share examples of how you've motivated teams in the past. Highlight your coaching style and how you foster a culture of creativity and teamwork. Think of specific instances where your leadership made a difference.
â¨Understand the Regulatory Landscape
AXA UK operates within a complex regulatory environment. Familiarise yourself with relevant regulations and be ready to discuss how you've ensured compliance in previous roles. This will show that you understand the importance of governance and audit readiness in pricing decisions.
â¨Communicate Effectively
Outstanding communication skills are crucial for this position. Practice articulating your thoughts clearly and confidently, especially when discussing technical concepts. Prepare to explain how you've managed stakeholder expectations and resolved conflicts in the past, as this will demonstrate your influencing skills.