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- Tasks: Lead technical pricing solutions and drive commercial outcomes for the company.
- Company: Thinkways Software Technologies is a dynamic player in the insurance sector, innovating pricing techniques.
- Benefits: Enjoy flexible hybrid working, private healthcare, yearly bonuses, and 28 days annual leave.
- Why this job: Join a fast-paced environment where your leadership can drive change and innovation in pricing.
- Qualifications: Strong experience in pricing management, communication skills, and a quantitative degree required.
- Other info: Positions available in Manchester and Peterborough with a vibrant office culture.
The predicted salary is between 48000 - 72000 £ per year.
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Head of Modelling & Optimisation, Head of Pricing Transformation
Two positions are available, Head of Modelling & Optimisation and Head of Pricing Transformation.
These roles sit within ourRetail Pricing – Modelling & Optimisation division.
Location: We operate flexible hybrid working for these positions and have offices based in Manchester and Peterborough.
Role purpose
The successful candidate is responsible for leading technical pricing solutions in order to drive commercial outcomes across the company. This includes strategic and technical leadership, team leadership, organisational awareness, ability to drive change, collaboration and innovation.
Key Responsibilities
- Strategic ownership and leadership of pricing solutions
- Drive change and innovation to ensure continuous improvement
- End to end production of pricing models using a tailor-made pricing pipeline
- Use of pricing software to build predictive statistical models and intelligently optimise customer prices
- Contribute and implement improvements to the pricing process to increase pricing performance and efficiency
- Contribute and lead research and development opportunities to help innovate and improve current modelling and pricing methodologies
- Ensure all activity is compliant with pricing governance and follows established controls
- Work closely with the Street Pricing Team to ensure pricing models meet business objectives, and manage relationships with key stakeholders around the business
- Manage a team of varying experience, including managers
About You
- Strong experience managing pricing teams and managers
- Strong communication skills across a variety of audiences, particularly with senior stakeholders
- Extensive experience owning general insurance products, including knowledge of current trends and issues
- Experience of WTW\’s Radar software or Earnix software
- Strong commercial acumen
- Experience of retail pricing optimisation
- Experience with predictive modelling techniques
- Experience in statistical and data science programming languages
- A quantitative degree
What we offer in return?
- A collaborative and fast paced work environment
- Private medical health care plan
- Yearly bonus scheme
- 28 days annual leave plus of Bank Holidays and the ability to buy additional leave
- Life Assurance 4x annual salary
- Vibrant, modern offices
About The Business
Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. Markerstudy also has a large and growing direct presence in the market as well.
Having acquired and successfully integrated Co-op Insurance Services in 2021, BGLi in 2022 & Atlanta in 2024. Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes.
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Seniority level
-
Seniority level
Director
Employment type
-
Employment type
Full-time
Job function
-
Job function
Management
-
Industries
Strategic Management Services
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Head of Modelling and Optimisation employer: Thinkways Software Technologies Pvt. Ltd.
Contact Detail:
Thinkways Software Technologies Pvt. Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Modelling and Optimisation
✨Tip Number 1
Familiarise yourself with the latest trends in pricing optimisation and modelling. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the insurance and pricing sectors. Attend industry events or webinars to connect with potential colleagues and learn about the challenges they face, which can give you an edge in discussions.
✨Tip Number 3
Brush up on your knowledge of WTW's Radar software or Earnix software, as familiarity with these tools is crucial for the role. Consider online tutorials or forums to enhance your understanding.
✨Tip Number 4
Prepare to discuss your experience in leading teams and driving change. Think of specific examples where you've successfully implemented pricing strategies or innovations, as this will demonstrate your capability to lead in this role.
We think you need these skills to ace Head of Modelling and Optimisation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in managing pricing teams and your familiarity with predictive modelling techniques. Use specific examples that demonstrate your strategic leadership and technical skills relevant to the Head of Modelling and Optimisation role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for pricing optimisation and innovation. Discuss how your background aligns with the responsibilities outlined in the job description, particularly your experience with pricing software like WTW's Radar or Earnix.
Showcase Your Communication Skills: Since strong communication skills are essential for this role, consider including examples of how you've effectively communicated with senior stakeholders in previous positions. This could be in your CV or cover letter.
Highlight Relevant Qualifications: Ensure you mention your quantitative degree and any additional certifications or training related to data science programming languages. This will reinforce your suitability for the technical aspects of the role.
How to prepare for a job interview at Thinkways Software Technologies Pvt. Ltd.
✨Showcase Your Leadership Skills
As the Head of Modelling and Optimisation, you'll be leading a team. Be prepared to discuss your previous leadership experiences, how you've managed teams, and your approach to driving change and innovation within an organisation.
✨Demonstrate Technical Expertise
Familiarise yourself with the specific pricing software mentioned in the job description, such as WTW's Radar or Earnix. Be ready to explain how you've used these tools in past roles to build predictive models and optimise pricing strategies.
✨Understand the Business Context
Research Thinkways Software Technologies and its position in the market. Understand their current challenges and trends in retail pricing. This will help you align your answers with their business objectives and demonstrate your commercial acumen.
✨Prepare for Stakeholder Engagement
Given the role involves managing relationships with key stakeholders, think of examples where you've successfully communicated complex ideas to various audiences. Highlight your strong communication skills and how they have contributed to successful outcomes in your previous roles.
