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- Tasks: Own the telematics product, driving insights and improving risk pricing models.
- Company: Join a leading insurance firm with a focus on innovation and customer-centric solutions.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Why this job: Make a real impact in a pivotal role that shapes our growth strategy.
- Qualifications: Degree in relevant fields or experience in data/coding; insurance pricing knowledge is a plus.
- Other info: Collaborative environment with opportunities for professional development and career growth.
The predicted salary is between 72000 - 108000 £ per year.
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.
Product Manager - Telematics in Bristol employer: Somerset Bridge
Contact Detail:
Somerset Bridge 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 telematics and insurance sectors on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by practising common questions related to product management and telematics. We recommend using the STAR method to structure your answers – it helps you showcase your experience effectively!
✨Tip Number 3
Showcase your skills with a portfolio! If you've worked on relevant projects or analyses, compile them into a neat presentation. This will help you stand out and demonstrate your expertise in telematics data.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are genuinely interested in joining our team.
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 Product Manager role. Highlight your experience with telematics, 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 team. Be sure to mention specific KPIs you've achieved in the past that relate to this role.
Showcase Your Analytical Skills: Since this role involves generating insights from data, make sure to showcase your analytical skills in your application. Mention any tools or methodologies you've used to analyse data and drive decision-making in previous roles.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you'll be able to keep track of your application status directly. Plus, we love seeing applications come through our own platform!
How to prepare for a job interview at Somerset Bridge
✨Know Your Numbers
As a Product Manager in Telematics, you'll need to be comfortable with data. Brush up on your understanding of key metrics like Loss Ratios and KPIs. Be ready to discuss how you've used data to drive decisions in the past.
✨Showcase Your Technical Skills
Make sure you highlight your experience with software and coding, especially SQL and Python. Prepare examples of how you've applied these skills in previous roles, particularly in insurance pricing or telematics.
✨Demonstrate Stakeholder Management
This role requires excellent stakeholder management skills. Think of specific instances where you've successfully collaborated with different teams or managed expectations. Be prepared to share how you approach building relationships.
✨Customer-Centric Mindset
Since the role emphasises a customer-focused approach, come equipped with examples of how you've prioritised customer needs in your decision-making. Discuss any strategies you've implemented to enhance customer engagement or reduce road risk.