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- Tasks: Own the telematics product, driving insights and improving risk pricing models.
- Company: Join Somerset Bridge Group, a leader in innovative insurance solutions.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Why this job: Make a real impact in a pivotal role for growth and customer satisfaction.
- Qualifications: Degree in relevant fields and experience in insurance pricing or coding.
- Other info: Flexible hours, career development opportunities, and a supportive team environment.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Telematics Manager role at Somerset Bridge Group.
We are recruiting for a Telematics Pricing Manager to own our telematics proposition, generating insight from telematics data and driving actionable insights that will improve accuracy of our risk pricing models. The role will be responsible for setting and achieving trading KPIs in line with business strategy whilst ensuring regulatory compliance. This is a pivotal role in the SBG growth strategy and product offering. You will take ownership of the product and ensure a customer centric approach to servicing our policies.
What you’ll be responsible for:
- Product ownership, responsible for setting and achieving target KPIs.
- Maintaining Loss Ratio KPIs and ultimate loss ratio indication system to support profitability decisions.
- Developing value from telematics and customer engagement tools.
- Creation and maintenance of monitoring tools.
- Ensuring costs and income are accurately managed.
- Keeping track of market movements through market models, benchmarking and analysis.
- Collaborating with other areas of the business to put in place trials to assess performance of changes.
- Managing a team of Analysts to deliver against business and function objectives.
- Taking a customer focused approach to decision making.
- Development of a rewards strategy to reduce customer road risk.
What you’ll need:
- Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, or a related field is desirable, or a non-related degree which covers modules in data/coding or programming.
- Further qualifications are desirable (e.g. Master’s degree, Project Management qualification, IFoA, CII, etc.).
- Experience of insurance pricing.
- Software / coding experience e.g. SQL / Python.
- Trading management.
- Technical awareness of modelling.
- Excellent stakeholder management skills.
- Experience managing projects.
- Prior line management experience is desirable.
- Experience of Databricks / Radar / Emblem is desirable.
- Knowledge of insurance products, customer segments and market dynamics is desirable.
- Knowledge of telematics products, telemetry data and customer engagement analysis is desirable.
Our Benefits:
- Hybrid working – 2 days in the office and 3 days working from home.
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- Discretionary annual bonus.
- Pension scheme – 5% employee, 6% employer.
- Flexible working – we will always consider applications for those who require less than the advertised hours.
- Flexi-time.
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs.
- Electric vehicle – salary sacrifice scheme.
- 100’s of exclusive retailer discounts.
- Professional wellbeing, health & fitness app - Wrkit.
- Enhanced parental leave, including time off for IVF appointments.
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance – 4 times your salary.
- 25% Car Insurance Discount.
- 20% Travel Insurance Discount.
- Cycle to Work Scheme.
- Employee Referral Scheme.
- Community support day.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Other
Industries: Insurance
Product Manager - Telematics in Bristol employer: Somerset Bridge Group
Contact Detail:
Somerset Bridge Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Manager - Telematics in Bristol
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Somerset Bridge Group. A friendly chat can sometimes lead to insider info or even a referral!
✨Tip Number 2
Prepare for the interview by diving deep into telematics and insurance pricing. Brush up on your SQL and Python skills too, as they might come up. Show them you’re not just a candidate, but the perfect fit!
✨Tip Number 3
Don’t forget to showcase your customer-centric approach! Think of examples where you’ve put customers first in your previous roles. This will resonate well with their focus on customer engagement.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the team at Somerset Bridge Group.
We think you need these skills to ace Product Manager - Telematics in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Telematics Manager role. Highlight your experience in insurance pricing and any relevant software skills like SQL or Python. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about telematics and how you can contribute to our growth strategy. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role involves generating insights from telematics data, be sure to showcase your analytical skills. Mention any tools or methodologies you've used in the past that relate to data analysis and risk pricing.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Somerset Bridge Group
✨Know Your Numbers
As a Product Manager in Telematics, you'll need to be comfortable with data. Brush up on your statistics and pricing models before the interview. Be ready to discuss how you’ve used data to drive decisions in past roles.
✨Showcase Your Technical Skills
Make sure to highlight your experience with SQL, Python, or any relevant software. Prepare examples of how you've used these skills to improve processes or outcomes in previous positions. This will show that you can handle the technical aspects of the role.
✨Understand the Market
Research the telematics market and current trends in insurance pricing. Be prepared to discuss how market dynamics can impact pricing strategies. This knowledge will demonstrate your proactive approach and understanding of the industry.
✨Customer-Centric Mindset
Since the role emphasises a customer-focused approach, think of examples where you’ve put customers at the heart of your decision-making. Be ready to explain how you would develop strategies to enhance customer engagement and reduce road risk.
