Pricing Manager - Protect (South)
Pricing Manager - Protect (South)

Pricing Manager - Protect (South)

Reigate Full-Time 47700 - 63800 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a talented team to shape pricing strategies and drive excellence in Home Insurance.
  • Company: Join Tesco Underwriting, dedicated to serving customers and communities with warmth and care.
  • Benefits: Enjoy hybrid working, generous holidays, private healthcare, and a 10% discount on Tesco products.
  • Why this job: Make a real impact in a high-performing team while developing your skills and career.
  • Qualifications: Strong understanding of personal lines underwriting, experience with pricing tools, and a degree in a numerical subject.
  • Other info: Flexible working options available; we celebrate diversity and inclusivity in our workplace.

The predicted salary is between 47700 - 63800 £ per year.

Overview

Serving our customers, communities, and planet a little better every day.

Salary – Salary is from £66,400 + annual bonus & benefits

Work Level – 2 – Permanent roles

Location – Reigate

Office Attendance – Our roles are hybrid, however you need to travel to our Reigate office 2 days per week for this role.

Closing Date for applications – 13 February 2026

At Tesco Insurance, we help customers through some of life’s most difficult and vulnerable moments. Whether it\’s a bump in the road, damage to a home, or a sudden emergency, every call is a chance to show we care and to do the right thing with empathy and expertise.

We’re proud of our NPS and customer satisfaction scores but even prouder of the skilled and compassionate colleagues behind those results. Whether resolving a claim or partnering with suppliers to deliver great customer outcomes, we’re building a team that listens, learns, and leads with kindness. Here, your ideas matter, your growth is supported, and your work makes a real difference – especially when customers need us most.

Opportunity

We’re recruiting Pricing Managers – Protect (South) within our Motor Risk Pricing team in Reigate. This team looks after the technical and live claims cost models, identifies and assesses new data sources, monitors the day-to-day performance of the portfolio and regularly proposes price changes based on emerging experience. We pride ourselves on our agile, varied and collaborative environment.

The Role

  • Maintaining the technical claim cost pricing models ensuring accuracy and stability are considered.
  • Assess the value and impact of new data sources.
  • Developing the suite of model monitoring reports to identify trends at the earliest opportunity.
  • Bringing price proposals to the appropriate forums for discussion and approval, ensuring the customer is considered.
  • Working closely with your retail pricing counterparts to deliver good end to end outcomes.
  • Line management for two analysts.

What you’ll bring (min criteria)

  • Strong theoretical and practical understanding of Personal Lines pricing.
  • Deep knowledge and experience of modelling techniques – principally GLM and GBM.
  • Prior experience of using insurance pricing software, e.g. Radar.
  • Knowledge of programming languages e.g., SAS, R, and Python.
  • Great attention to detail and an analytical mentality.

We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us.

What’s in it for you?

  • Prepare for your retirement with our colleague pension scheme.
  • Private Healthcare & Virtual GP Service for you and your family 365 days a year.
  • Performance related annual bonus.
  • Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
  • Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to £2K). As an added perk, we’ll give you a second card to share with someone else.
  • Green Car Leasing Scheme.
  • Critical Illness cover.
  • Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
  • Take part in our Buy as you Earn and Save as you Earn share schemes.

Everyone’s welcome

We want all our colleagues to always feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information

We also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities, at every level of the organisation.

Interviews commencing Feb 2026.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there\’s no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we\’re helping our colleagues and serving our customers, communities and planet a little better every day.

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for.

Everything we do is about making things better. Not just for others, but for you too. It\’s why you\’ll get bags of choice and plenty of development. It\’s why you\’ll always be heard and find balance that works for you. It\’s why you\’ll feel totally at home in a place where everyone\’s welcome.

So, if you want a career where you can do good and feel good, you\’ve found it.

Let\’s make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice – because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes – people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone\’s welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!

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Pricing Manager - Protect (South) employer: Tesco Insurance

At Tesco Insurance and Money Services, we pride ourselves on fostering a warm and inclusive work culture that prioritises employee well-being and development. As a Pricing Manager in Reigate or Edinburgh, you'll enjoy a competitive salary, generous benefits including private healthcare and a robust pension scheme, and the opportunity to lead a talented team while making a tangible impact on our pricing strategies. With a commitment to personal growth and a flexible working environment, we ensure that every colleague feels valued and empowered to thrive.
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Contact Detail:

Tesco Insurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pricing Manager - Protect (South)

✨Tip Number 1

Familiarise yourself with the specific pricing tools mentioned in the job description, such as Radar and SAS. Having hands-on experience or even a basic understanding of these tools can set you apart during discussions.

✨Tip Number 2

Network with current or former employees of Tesco Insurance and Money Services. Engaging with them on platforms like LinkedIn can provide you with insider knowledge about the company culture and expectations for the Pricing Manager role.

✨Tip Number 3

Prepare to discuss your experience with predictive modelling and data analysis in detail. Be ready to share specific examples of how your insights have driven pricing strategies or improved profitability in previous roles.

✨Tip Number 4

Showcase your leadership skills by preparing examples of how you've successfully managed or coached a team in the past. Highlighting your ability to motivate and develop others will resonate well with the management aspect of this role.

We think you need these skills to ace Pricing Manager - Protect (South)

Strong understanding of Personal Lines underwriting and pricing principles
Experience with industry standard pricing tools such as Radar and SAS
Proficiency in data analysis and modelling software, including Excel
Ability to communicate complex analyses in simple terms
Excellent organisational skills and ability to meet deadlines
Teamwork and relationship-building skills
Coaching and management experience
Knowledge of predictive modelling techniques using R and Python
Analytical thinking and problem-solving skills
Attention to detail in documentation and process management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in pricing and underwriting, particularly in personal lines. Use specific examples that demonstrate your analytical skills and ability to drive pricing excellence.

Craft a Compelling Cover Letter: In your cover letter, express your passion for pricing and how your background aligns with the role. Mention your experience with industry-standard pricing tools like Radar and SAS, and how you can contribute to Tesco's success.

Showcase Your Team Leadership Skills: If you have prior management or coaching experience, be sure to highlight this in your application. Discuss how you've motivated teams and supported their development, as this is a key aspect of the role.

Demonstrate Your Analytical Abilities: Provide examples of how you've built predictive models or analysed trends in previous roles. Be clear about the impact of your work on growth and profitability, as this will resonate with the hiring team.

How to prepare for a job interview at Tesco Insurance

✨Understand the Role

Make sure you have a solid grasp of what a Pricing Manager does, especially in the context of personal lines insurance. Familiarise yourself with the key responsibilities mentioned in the job description, such as driving pricing excellence and building predictive models.

✨Showcase Your Analytical Skills

Prepare to discuss your experience with data analysis and modelling tools like Radar and SAS. Be ready to explain how you've used these tools to drive pricing strategies or improve performance in previous roles.

✨Communicate Clearly

Since the role involves communicating complex analyses to various stakeholders, practice explaining your past projects in simple terms. Avoid jargon and focus on the impact of your work on financial outcomes.

✨Demonstrate Leadership Potential

If you have prior management or coaching experience, be sure to highlight it. Discuss how you've motivated teams and supported their development, as this is a key aspect of the role you'll be applying for.

Pricing Manager - Protect (South)
Tesco Insurance
Location: Reigate

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