At a Glance
- Tasks: Lead a team in developing advanced risk models and drive innovative pricing strategies.
- Company: Join a rapidly growing insurance company ranked No.1 in the UK for home insurance.
- Benefits: Enjoy hybrid work, generous pension, private medical cover, and a ÂŁ1,000 learning budget.
- Why this job: Shape the future of pricing with cutting-edge technology and make a real impact.
- Qualifications: Experience in UK General Insurance and strong statistical modelling skills required.
- Other info: Inclusive environment with opportunities for personal and professional growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Risk Pricing Manager – Motor Policy Expert is a forward‑thinking business that loves to get things done. Leveraging proprietary technology and smart data, we offer reliable products and a wow customer experience. Having achieved rapid growth since being founded in 2011, we've won over 1.5 million customers in Home, Motor and Pet insurance and have been ranked the UK’s No.1-rated home insurer by Review Centre since 2013.
About Pricing: We’re at the start of an exciting transformation. With bold investment in pricing, data and technology, we’re building a new team to redefine how we make pricing decisions. By combining advanced analytics, machine learning, rich data, and modern cloud infrastructure, we aim to unlock faster, smarter, and fairer pricing — creating real impact for both our customers and the business.
About the Risk Pricing team: As a manager in the Risk Pricing team, you’ll play a pivotal role in shaping strategy, leading high‑impact initiatives, and guiding a group of talented analysts. We’re seeking someone with the vision, leadership, and technical depth to elevate our pricing capabilities and influence broader business direction. Reporting directly to the Head of Motor Pricing, you will help build and scale a lean team as we prepare for significant growth.
Your Day to Day:
- Model Development: Lead – mentor the Risk Modelling team in the design, development, and validation of advanced risk models using a range of modelling techniques, including GLMs and GBMs, within Emblem and Python. Ensure models are robust, interpretable, and aligned with business objectives and regulatory standards.
- Monitoring: Establish and oversee a comprehensive model monitoring framework to track performance, identify underperforming models, and implement timely corrective actions to maintain model accuracy and reliability.
- Research & Development: Drive innovation within the Risk Pricing function by researching and integrating new data sources, exploring emerging modelling methodologies, and applying cutting‑edge analytical techniques to enhance model performance and competitive advantage.
- Collaboration: Collaborate cross‑functionally with Underwriting, Fraud, Risk & Reserving, Technology, and Home Retail Pricing teams to translate analytical insights into actionable business strategies and deliver impactful, measurable outcomes.
- Stakeholder Communication: Communicate complex modelling outcomes effectively to key stakeholders across Retail, Finance, and Underwriting. Present insights clearly and persuasively to ensure the value and implications of risk pricing are understood, trusted, and leveraged across the business.
Who Are You: We know we have high expectations, so please don’t worry if you don’t tick all the boxes, you’ll certainly learn on the job!
Essential:
- Experience in UK General Insurance (Motor and/or Home), with a solid understanding of pricing principles and regulatory governance.
- Familiarity with pricing / modelling software: e.g. Emblem, Radar, Earnix etc.
- Hands‑on experience with statistical modelling (e.g. GLMs, GBMs, clustering) applied to risk pricing.
- Data proficiency: SQL, experience handling large, complex datasets.
- Strong communication skills, with the ability to present technical insights to non‑technical stakeholders.
- Demonstrated ability to manage and prioritise multiple projects in a fast‑paced environment.
- Experienced in leading, developing, and motivating high‑performing analytical teams.
- Skilled at setting clear objectives, providing technical guidance, and fostering a collaborative culture that promotes learning, innovation, and delivery excellence.
Nice‑to‑have:
- Programming proficiency: Python, R.
- Familiarity with data modelling and creation of data pipelines.
- Experience with cloud platforms (e.g. AWS/GCP/Azure).
Benefits:
- This role will be based in our London office in a 50/50 Hybrid mode.
- Generous pension contribution scheme.
- Private medical & dental cover.
- Learning budget of ÂŁ1,000 a year + study leave.
- Enhanced maternity & paternity.
- Travel season ticket loan.
- Access to a wide selection of London O2 events and use of a private lounge.
- Employee wellbeing programme.
What We Stand for: “We pride ourselves on being an equal opportunity employer. We treat all applications equally and recruit based solely on an individual’s skills, knowledge, and experience. The quality and growing diversity of our team is a testament to this commitment.”
Next Steps: At Policy Expert, we are committed to fostering an inclusive and supportive environment for all candidates. If you require any reasonable adjustments during the interview process to accommodate your needs, please let us know. We aim to be in touch within 14 working days of your application – you will be notified if successful or unsuccessful. Please be encouraged to apply even if you do not meet all the requirements.
Risk Pricing Manager - Motor employer: Policy Expert
Contact Detail:
Policy Expert Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Pricing Manager - Motor
✨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.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and how they use data in pricing. This will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your communication skills! Being able to explain complex ideas simply is key, especially when talking to non-technical stakeholders. Try explaining your past projects to friends or family to get comfortable with it.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Risk Pricing Manager - Motor
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Risk Pricing Manager role. Highlight your experience in UK General Insurance and any relevant modelling software you've used. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about pricing and how your background aligns with our goals. Be sure to mention any innovative projects you've led or contributed to, as we love forward-thinkers.
Showcase Your Data Skills: Since data proficiency is key for this role, make sure to highlight your experience with SQL and any statistical modelling techniques you've applied. We’re keen on seeing how you’ve used data to drive decisions in your previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Policy Expert
✨Know Your Numbers
As a Risk Pricing Manager, you'll need to demonstrate your understanding of pricing principles and statistical modelling. Brush up on GLMs, GBMs, and any relevant software like Emblem or Radar. Be ready to discuss how you've applied these in past roles.
✨Showcase Your Leadership Skills
This role involves leading a team, so be prepared to share examples of how you've motivated and developed high-performing teams. Highlight your experience in setting clear objectives and fostering a collaborative culture that promotes learning and innovation.
✨Communicate Clearly
You'll need to present complex modelling outcomes to non-technical stakeholders. Practice explaining your work in simple terms, focusing on the value and implications of your insights. This will show your ability to bridge the gap between technical and business perspectives.
✨Be Ready for Collaboration
Collaboration is key in this role. Think of examples where you've worked cross-functionally with other teams, such as Underwriting or Technology. Discuss how you translated analytical insights into actionable strategies that delivered measurable outcomes.