Head of Retail Pricing (12 Month FTC)
Head of Retail Pricing (12 Month FTC)

Head of Retail Pricing (12 Month FTC)

Haywards Heath Full-Time 80000 - 120000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the Retail Pricing function, optimising strategies and driving continuous improvement.
  • Company: Join First Central, a market-leading insurance company focused on innovation and data-driven solutions.
  • Benefits: Enjoy remote work options, a supportive culture, and potential for contract extension or permanent role.
  • Why this job: Be part of a dynamic team that values creativity, collaboration, and making a real impact in the industry.
  • Qualifications: Minimum 2:1 in a numerical discipline with extensive experience in personal lines insurance pricing.
  • Other info: This is a 12-month fixed-term contract with opportunities for growth and development.

The predicted salary is between 80000 - 120000 £ per year.

Location: Haywards Heath, Home Office (Remote) or Manchester Salary: From £100,000 depending on experience Department: Commercial We’re First Central Insurance & Technology Group (First Central for short), an innovative, market-leading insurance company. We protect the things customers love so they can get on with what matters to them in life. Data drives us. It fuels our outstanding distribution, finance, technology and legal services. Our underwriting skills are built on data expertise; it creates the insights we need to give the right cover to the right customers at the right price. But, it’s the people inside and outside our business that power us. They make us stand out, help us succeed. We’re ambitious. We’re growing. We’ve won awards. Are you an experienced leader with a strong background in team management and a deep understanding of price optimisation? We are seeking a dynamic individual with proven expertise in the personal lines industry and a keen commercial awareness to join our team. If you have a track record of success as a Head of department or team leader and are proficient in using Radar for price optimisation, we want to hear from you! We’re looking for a Head of Retail Pricing to join our Commercial & Marketing team either working remotely or based in our Salford Quays, Manchester or Haywards Heath, West Sussex offices. This is a 12 month fixed term contract position and has potential to extend or become permanent, but we cannot guarantee at this point. In this role you’ll lead the development/advancement Retail Pricing function, making First Central best in class by ensuring delivery of targets and managing the assessment. We are passionate about continuous improvement, so you’ll provide thought leadership and people management to enable the development and execution of the group’s retail pricing function, supporting the delivery of the group’s sales and profit targets. This role is Certified in line with the Senior Managers and Certification Regime (SMCR). Core skills we’re looking for to succeed in the role: Previous Head of / team management experience Understanding of price optimisation and use of Radar Experience within the personal lines industry What’s involved: Lead the development and iteration of the Retail Pricing strategy Optimise First Central\’s trading position, ensuring delivery to targets and embedding a philosophy of continuous improvement Responsible for the development and management of new pricing strategies in line with business requirements Ensure First Central is at the forefront of advancement in the Insurance market Create an innovative approach which drives the business forward by introducing new analytical methods, making use of new data sources and producing reporting suites to track performance Support the broader business and commercial and marketing programmes through thought leadership into organisational programmes of work Provide input and advice into company analysis strategy and the effective implementation of that strategy to meet company requirements Maintain an ethically sound workplace culture of inclusivity, openness, ownership, collaboration, ambition, innovation, agility, and respect Responsibility for maintaining department risk registers (as applicable), providing evidence and commentary for controls, updates for Mitigation Actions and maintaining control matrices and attestations. Also, to ensure that your employees are aware of their responsibility to identify and report risk. Lead, motivate and develop the Retail Pricing Teams, and define the framework for the team’s goals and objectives. Build a strong network of close relationships across the business. Anticipate stakeholder needs & proactively manage key relationships internally & externally. Lead, influence, motivate and co-ordinate people to deliver enhancements through a multi-disciplined, agile approach. Represent the Retail Pricing Director in meetings as and when required Comply with the requirements, and act in accordance with, the Group Code of Conduct and Fitness and Propriety policies at all times Ensure compliance with Company Policies, Values and guidelines and other relevant standards/ regulations at all times, including compliance with the Senior Managers Certification Regime (SMCR) Conduct Rules Complete all mandatory training Travel to group locations on an ad hoc basis (currently Manchester, Gibraltar and Guernsey) Any other reasonable duties as required Qualifications: Minimum 2:1 in a numerical undergraduate discipline Experience: Extensive experience of personal lines insurance pricing or similar Strong experience managing a team and project leadership Experience developing and executing a best in market pricing vision Proven ability to produce outstanding results based on own initiative Strong background in statistical methods Experience of SAS, Emblem, Radar, Excel and advanced statistical techniques Skills: People and project management skills Ability to drive continued Capability development of a team Ability to lead and proactively support a team including strong oversight and influencing skills Innovative and decisive mind-set – with the ability to react quickly to problems and find effective solutions. Excellent communication skills, both verbal and written, with experience dealing with senior stakeholders Strong problem-solving skills, with the ability to adopt a logical approach to solving problems Excellent data and statistical analysis skills Strong IT skills (including Excel, Emblem, Radar and programming skills) Knowledge: Strong knowledge of motor insurance products and the motor insurance industry Solid understanding of the business objectives and operations Broad knowledge of statistical methods and techniques Advanced analytical and quantitative capabilities; programming and data modelling skills Behaviours: Forward thinking – aware of the longer-term implications and keep the big picture in mind, and identify actions to meet future challenges Commercially focused and excellent communicator Capable of quickly identifying emerging issues and having the ability to ensure the team gains insights and acts Consistently high performing over time across multiple leadership scenarios and demonstrate resilience, energy and flexibility to achieve the team goals Advanced analytical and quantitative capabilities; programming and data modelling skills Commercially focused and excellent communicator Able to transfer skills and knowledge to others An organised and proactive approach Strives to drive business improvements to contribute to the success of the business Are you the person we’re looking for? If so, we look forward to hearing from you. Apply today! People first. Always. We’re passionate about our colleagues and know the best people deserve an extraordinary working environment. We owe it to them so that’s what we offer. Our workplaces are energetic, inspirational, supportive. #J-18808-Ljbffr

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Contact Detail:

First Central Services Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Retail Pricing (12 Month FTC)

✨Tip Number 1

Network with professionals in the insurance industry, especially those who have experience in retail pricing. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in price optimisation.

✨Tip Number 2

Familiarise yourself with the Radar software if you haven't already. Consider taking online courses or tutorials that focus on its application in price optimisation, as this will demonstrate your commitment and readiness for the role.

✨Tip Number 3

Prepare to discuss your leadership style and how you've successfully managed teams in the past. Think of specific examples where you drove results through effective team management and how you fostered a culture of continuous improvement.

✨Tip Number 4

Research First Central's current market position and their approach to retail pricing. Understanding their business model and recent developments will help you tailor your discussions during interviews and show that you're genuinely interested in contributing to their success.

We think you need these skills to ace Head of Retail Pricing (12 Month FTC)

Team Management
Price Optimisation
Radar Proficiency
Personal Lines Insurance Expertise
Project Leadership
Statistical Analysis
Data Modelling Skills
Advanced Excel Skills
Communication Skills
Problem-Solving Skills
Stakeholder Management
Analytical Thinking
Commercial Awareness
Continuous Improvement Mindset
Risk Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in team management and price optimisation, particularly within the personal lines insurance sector. Use specific examples that demonstrate your leadership skills and achievements.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention how your background aligns with their needs, especially your expertise in using Radar for price optimisation and your understanding of the insurance market.

Showcase Relevant Skills: Emphasise your analytical and statistical skills in your application. Highlight your proficiency in tools like SAS, Emblem, and Excel, as well as your ability to drive continuous improvement within a team.

Demonstrate Cultural Fit: Research First Central's values and culture. In your application, reflect on how you embody these values, such as inclusivity, collaboration, and innovation, to show that you're not just a fit for the role but also for the company.

How to prepare for a job interview at First Central Services

✨Showcase Your Leadership Experience

As a Head of Retail Pricing, you'll need to demonstrate your leadership skills. Prepare specific examples of how you've successfully managed teams and projects in the past, focusing on your ability to motivate and develop others.

✨Highlight Your Pricing Expertise

Make sure to discuss your experience with price optimisation and tools like Radar. Be ready to explain how you've used data to drive pricing strategies and improve business outcomes in the personal lines insurance sector.

✨Demonstrate Commercial Awareness

First Central values commercial awareness, so be prepared to discuss market trends and how they impact pricing strategies. Show that you understand the competitive landscape and can think strategically about pricing decisions.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your problem-solving skills and decision-making abilities. Think through potential challenges you might face in the role and how you would address them, particularly in relation to team dynamics and pricing strategies.

Head of Retail Pricing (12 Month FTC)
First Central Services
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