Overview
Key responsibilities including but not limited to:
- Work closely with their Head of Pricing to deliver pricing strategy, deputising where needed
- Lead the development and refinement of pricing strategy in collaboration with the Head of Pricing, providing leadership and guidance to the pricing team
- Own market pricing activities including development of their demand, elasticity, and market pricing models and own and develop their pricing optimisation framework
- Providing inputs into the management and development of their lifetime value modelling and multi-year price optimisation models and strategic approach
- Monitor market trends and extract insight on competitor benchmarking to make rate recommendations
- Build a strong relationship with marketing and keep the business informed of their competitive position and conversion performance in their trading meetings
- Support the Head of Pricing as needed to act as pricing representative in trading meetings to put forth pricing viewpoints on trading performance and upcoming changes
- You’ll communicate results effectively to realise business gains from valuable insight and present rate recommendations to senior stakeholders, external parties, and pricing committees
- Support and peer review analysts with line management responsibility for one pricing analyst
Qualifications Required
- Ideally, you’ll already be a Pricing Manager or experienced senior analyst with technical pricing skills looking to step up
- Owing to the nature of the role, they will need you to have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related degree, with a minimum of a 2:1 classification
Experience Required
- You have strong commercial experience in a pricing role, preferably direct or aggregator-led personal lines insurance
- You’ll be an expert in predictive modelling and price optimisation with exposure to the latest emerging techniques in these domains such as machine learning and AI
- You’re up to date with technical developments in the insurance industry and best practice in actuarial methods
- You’re a confident user of pricing tools, systems, and languages such as Python, SQL, Earnix, Radar or similar
#J-18808-Ljbffr
MARKET PRICING MANAGER | 30004 employer: The Emerald Group Ltd, Search and Selection
Join a forward-thinking UK insurance business that champions innovation and collaboration in the Pricing function. With a hybrid work model allowing for flexibility, employees benefit from a supportive culture that prioritises professional growth and development, alongside competitive remuneration and comprehensive benefits. This role not only offers the chance to influence pricing strategy but also fosters strong interdepartmental relationships, making it an ideal environment for those seeking meaningful and impactful work.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
