Job Board

Companies

Somerset Bridge Group

Pricing Compliance Manager

Full-Time 42000 - 84000 £ / year (est.) No home office possible

Apply now

At a Glance

Tasks: Manage pricing compliance and ensure ethical practices in pricing strategies.
Company: Somerset Bridge Group delivers innovative insurance solutions with a commitment to customer service excellence.
Benefits: Enjoy hybrid working, 25+ days annual leave, healthcare cash plan, and exclusive discounts.
Why this job: Join a dynamic team focused on fairness, creativity, and personal development in the insurance industry.
Qualifications: 4+ years in pricing compliance or data analytics; degree in relevant field required.
Other info: Flexible working hours and enhanced parental leave options available.

The predicted salary is between 42000 - 84000 £ per year.

Join to apply for the Pricing Compliance Manager role at Somerset Bridge Group

2 weeks ago Be among the first 25 applicants

Join to apply for the Pricing Compliance Manager role at Somerset Bridge Group

Somerset Bridge Group provided pay range

This range is provided by Somerset Bridge Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Direct message the job poster from Somerset Bridge Group

We are recruiting for a Pricing Compliance Manager to support the Head of Analytics and R&D to achieve targets & objectives of the Analytics and R&D function. The Pricing Compliance Manager will ensure that we provide good value to our customers, and that our pricing and our processes are compliant with all relevant regulations.

What you\’ll be responsible for:

Ensure all pricing-related activities are conducted in an ethical and legal manner and good value to customers, with extra attention to vulnerable customers.
Ensure compliance with all relevant regulatory requirements, industry standards, and company policies.
Monitor and review pricing practices to identify any areas of pricing errors or non-compliance and make recommendations for corrective action.
Design and implement controls and measures, and develop an early warning system to help identifying issues and risks early.
Analyse and interpret data to identify potential pricing risks and propose solutions to mitigate them.
Keep up to date with changes in insurance regulations and make necessary adjustments to pricing strategies.
Promote data governance best practices, ensuring data integrity, quality, and security in all pricing activities.
Understand all the data currently available; highlight concerns & propose solutions.
Work with internal stakeholders and suppliers to explore new data enrichment opportunities (DPIA, contracts, invoices, etc.)
Act as a subject matter expert on insurance pricing integrity and provide guidance to other team members.
Proactively identify opportunities for process improvement and implement changes as needed.
Collaborate with cross-functional teams, including legal, compliance, the Data and Ethics Committee, and the DPO to ensure pricing practices are in line with company policies and external regulations.
Work with internal and external stakeholders and suppliers to deliver objectives.
Review, organize, and summarize contracts, DPIAs, budgets and invoices, co-funds, etc.
Support the R&A function in managing complex projects involving multiple departments and third parties.

What you\’ll need:

A minimum of 4 years in pricing, pricing compliance or regulatory compliance, data analytics, or MI/BI roles.
Degree qualified in a relevant field (business studies, legal, mathematics, statistics, data science, actuarial science, physics, economics, or a related field).
Ability to champion the customer’s best interests by embedding fairness and ethical thinking into pricing processes.
Excellent judgement and confidence to challenge practices that may be technically compliant but not in the customer’s best interest.
Ability to read, understand, interpret and replay highly technical or legal language (contracts, regulations, etc.)
Comprehensive understanding of the motor insurance industry, its regulatory environment, and market trends.
Capability to interpret and synthesize large and complex datasets into actionable pricing recommendations.
Actuarial or CII qualification
Experience in pricing techniques, statistical modelling, and predictive analytics
Knowledge of statistical methods and general insurance pricing methods and techniques
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
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

About Somerset Bridge Group

Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry. Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers. Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance. With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.

We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That\’s why we are always looking for talented people to join our team – people who share our vision, who are passionate about what they do, and who want to be part of something special.

Equal Opportunity Employer

Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Accounting/Auditing
Industries

Insurance

Referrals increase your chances of interviewing at Somerset Bridge Group by 2x

Get notified about new Compliance Manager jobs in Greater Bristol Area, United Kingdom.

Greater Bristol Area, United Kingdom 2 weeks ago

Weston-Super-Mare, England, United Kingdom £50,000.00-£60,000.00 2 weeks ago

Bristol, England, United Kingdom 3 weeks ago

Bristol, England, United Kingdom 1 day ago

Bradley Stoke, England, United Kingdom 8 hours ago