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 role.
- Benefits: Competitive salary, performance bonus, private health cover, and 27 days holiday.
- Other info: Hybrid working model with flexibility to work remotely up to 2 days a week.
- 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.
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. On behalf of a client in our partner network, we are currently looking for a Pricing Strategy Manager to join their team.
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 sits at the intersection of analytics, commercial strategy, and product, and will work closely with the Chief Actuary and CMO.
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 employer: NextStep
Our client is a leading UK insurance group that not only offers competitive salaries and comprehensive benefits, including private health cover and an enhanced pension scheme, but also fosters a dynamic work culture that values analytical thinking and strategic insight. With opportunities for professional growth and the chance to make a significant impact in a complex business environment, this role as Pricing Strategy Manager provides a unique platform for talented individuals to thrive while enjoying the flexibility of hybrid working from London.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Strategy Manager
✨Tip Number 1
Get your profile sorted on our website! It’s super easy and helps us match you with the right opportunities. Make sure to highlight your experience in pricing strategy and analytics.
✨Tip Number 2
Network like a pro! Reach out to connections in the insurance and financial services sectors. A friendly chat can sometimes lead to unexpected job leads or insights about the company culture.
✨Tip Number 3
Prepare for interviews by brushing up on your analytical skills. Be ready to discuss how you’ve used data to drive pricing strategies in the past. We want to see that blend of numbers and narrative!
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you’re genuinely interested in the role.
We think you need these skills to ace Pricing Strategy Manager
Some tips for your application 🫡
Craft Your Profile Thoughtfully:When creating your profile on our website, make sure to highlight your relevant 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!
Show Off Your Analytical Skills:Since this role requires a strong quantitative background, don’t shy away from showcasing your experience with statistical modelling and data analysis. Mention any tools you’ve used like SQL, Python, or R to give us a clear picture of your capabilities.
Be Clear and Concise:While we don’t require a cover letter, your profile should still tell a compelling story. Use clear language to articulate your experience and how it relates to the Pricing Strategy Manager role. Remember, clarity is key!
Engage with Us:If you have questions or need clarification about the role, feel free to reach out! We’re here to help you through the application process and want to ensure you feel confident in your submission.
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 drive pricing decisions in the past.
✨Understand the Competitive Landscape
Familiarise yourself with the current pricing dynamics in the insurance sector. Research competitors and be prepared to discuss how you would approach pricing strategy in response to market pressures and regulatory changes.
✨Articulate Your Strategic Vision
You’ll need to present your ideas to senior leaders, so practice articulating your strategic recommendations clearly. Think about how to convey complex pricing dynamics in a way that’s easy to understand for non-technical stakeholders.
✨Showcase Stakeholder Management Skills
Highlight your experience working with cross-functional teams. Be ready to share examples of how you've successfully managed relationships with senior business leaders and translated pricing strategies into actionable plans.
