At a Glance
- Tasks: Lead the development of pricing strategies and optimise for margin and competitive positioning.
- Company: Join a leading UK insurance group with a dynamic and impactful team.
- Benefits: Competitive salary, performance bonuses, private health cover, and 27 days holiday.
- Other info: Enjoy hybrid working with flexibility and excellent career growth opportunities.
- Why this job: Make a real impact in a critical role at the intersection of analytics and strategy.
- Qualifications: 5-8 years in pricing strategy or commercial analytics, strong quantitative skills required.
The predicted salary is between 75000 - 95000 £ per year.
About NextStep NextStep connects top consulting talent with high-potential opportunities through smart, AI-powered matching. We partner with ambitious companies across sectors to place experienced professionals in roles where they can have a real impact.
About the Company Our client is a leading UK insurance group with revenues exceeding £2bn, offering personal and commercial lines products through both direct and broker channels. With increasing pricing pressure from aggregators and a competitive landscape reshaped by inflation and regulatory change, the Group Strategy team is looking for a Pricing Strategy Manager to lead the development of the firm's long-term pricing framework.
The Role As Pricing Strategy Manager, you will lead the development and implementation of the firm's pricing strategy across its core product lines. You will blend analytical rigour with commercial judgement, building models that optimise for both margin and competitive positioning, and translating complex pricing dynamics into clear strategic recommendations for the ExCo. This is a rare opportunity to own a truly critical lever in a large, complex business.
What You'll Do
- Develop and maintain the group's pricing strategy framework, setting the approach to rate adequacy, competitive positioning, and price optimisation across personal and commercial lines.
- Build analytical models to assess the impact of pricing changes on volume, margin, and customer lifetime value and run structured pricing experiments to test assumptions.
- Monitor competitive pricing dynamics across key products and channels, identifying opportunities and threats that require a strategic response.
- Work with Actuarial, Product, and Marketing teams to translate pricing strategy into operational decisions and system requirements.
- Present pricing strategy recommendations to the ExCo and Product Board, with clear articulation of risks, trade-offs, and expected outcomes.
What We're Looking For
- 5–8 years of experience in pricing strategy, commercial analytics, or management consulting, ideally with exposure to financial services, insurance, or subscription-based businesses.
- Strong quantitative background, experienced with statistical modelling, pricing analytics, and working with large datasets (SQL, Python, or R useful).
- Able to think strategically and analytically simultaneously, comfortable with both the numbers and the narrative.
- Excellent stakeholder management skills; credible and persuasive with senior business leaders.
- Exposure to FCA regulatory requirements and consumer duty pricing obligations is a meaningful advantage.
Compensation & Benefits Base salary of £75,000 – £95,000, depending on experience. Annual performance bonus. Private health cover, enhanced pension, and 27 days holiday. Hybrid working from London with flexibility to work remotely up to 2 days per week.
How to Apply To be considered for this role, please create your profile at getnextstep.com. Once your profile is complete, our matching system will evaluate your background against the role criteria and match you with the company if it's a strong fit. No cover letter required. This role is listed by NextStep on behalf of our client. All applications are handled with confidentiality.
Pricing Strategy Manager in London employer: NextStep
Our client is a leading UK insurance group that not only offers competitive salaries and bonuses but also prioritises employee well-being with private health cover and an enhanced pension scheme. The work culture fosters collaboration and innovation, providing ample opportunities for professional growth and development in a dynamic environment. With the flexibility of hybrid working from London, employees can enjoy a balanced work-life while contributing to impactful pricing strategies in a complex industry.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Strategy Manager in London
✨Tip Number 1
Get your networking game on! Reach out to people in the industry, especially those who work in pricing strategy or at insurance firms. A friendly chat can lead to insider info and even job referrals.
✨Tip Number 2
Show off your analytical skills! Prepare to discuss your experience with statistical modelling and pricing analytics during interviews. Bring examples of how you've used data to drive decisions in past roles.
✨Tip Number 3
Practice your storytelling! When presenting your ideas, make sure you can clearly articulate the risks and trade-offs involved in pricing strategies. This will impress senior leaders and show you can think strategically.
✨Tip Number 4
Don't forget to apply through our website! Creating a profile at getnextstep.com is super easy and helps us match you with the right opportunities. Plus, no cover letter needed – just focus on showcasing your skills!
We think you need these skills to ace Pricing Strategy Manager in London
Some tips for your application 🫡
Craft Your Profile Thoughtfully:When creating your profile on our website, make sure to highlight your experience in pricing strategy and analytics. We want to see how your background aligns with the role, so be specific about your achievements and skills!
Showcase Your Analytical Skills:Since this role requires a strong quantitative background, don’t shy away from detailing your experience with statistical modelling and data analysis. We love seeing how you’ve used tools like SQL, Python, or R to drive results.
Be Clear and Concise:While there’s no cover letter required, your profile should still tell a compelling story. Keep it clear and concise, focusing on your strategic thinking and stakeholder management skills that are crucial for this position.
Stay Updated on Industry Trends:Make sure you’re aware of the latest trends in pricing strategy and regulatory requirements in the insurance sector. This knowledge can really set you apart and show us that you’re ready to tackle the challenges of the role!
How to prepare for a job interview at NextStep
✨Know Your Numbers
As a Pricing Strategy Manager, you'll need to demonstrate your analytical skills. Brush up on your statistical modelling and pricing analytics. Be ready to discuss how you've used data to influence pricing decisions in the past.
✨Understand the Competitive Landscape
Familiarise yourself with the current trends in the insurance market, especially regarding pricing pressures from aggregators. Show that you can identify opportunities and threats in competitive pricing dynamics during your interview.
✨Articulate Your Strategy
Prepare to present your thoughts on pricing strategy clearly and concisely. Think about how you would communicate complex pricing dynamics to senior leaders, as this will be crucial for the role. Practice articulating risks, trade-offs, and expected outcomes.
✨Engage with Stakeholders
Highlight your experience in stakeholder management. Be prepared to share examples of how you've successfully collaborated with teams like Actuarial, Product, and Marketing to implement pricing strategies. This will show your ability to work cross-functionally.
