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For Companies At a Glance
- Tasks: Lead the creation of innovative pricing models and optimise retail pricing strategies.
- Company: Join Thinkways Software Technologies, a forward-thinking company focused on data-driven solutions.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Be part of a dynamic team that values innovation and continuous improvement in pricing strategies.
- Qualifications: Must have a degree in Statistics or Mathematics and experience in pricing or actuarial roles.
- Other info: Opportunity to mentor junior team members and work with advanced data science techniques.
The predicted salary is between 43200 - 72000 £ per year.
Job Title: Technical Pricing Manager
Location: A large portion of the team are based in Peterborough, however we are happy to have a largely remote working approach to this, with the occasional travel should you not be local.
Role purpose
We are looking for a Technical Pricing Manager to generate incremental lifetime value of our portfolio through the delivery and development of retail pricing models and optimisations using innovative and cutting-edge modelling approaches.
You will help continuously improve the pricing process and enhance the abilities of the wider team, as well as being involved with integrating and establishing the use of advanced data science and statistical techniques to enhance pricing model accuracy and output.
Key Responsibilities
- End to end production of pricing models using a tailor-made pricing pipeline
- Use of Earnix 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
- Evaluate and utilise tools and data items created by the data science teams
- Ensure all activity is compliant with pricing governance and follows established controls
- Work closely with the Commercial Pricing Team to ensure pricing models meet business objectives, and manage relationships with key stakeholders around the business
- Manage, mentor and coach more junior members of the team
About You
- Highly numerate with a graduate or postgraduate degree in Statistics, Mathematics or another analytical subject
- Experience in a pricing or actuarial role within general insurance
- Experience with price optimisation tools (Earnix/Radar)
- Experience using and implementing advanced machine learning methods
- Able to communicate complicated statistical concepts to an informed but non-technical audience
- Experience with using software packages such as R or Python to solve problems
- Proven ability to deliver commercial value through pricing insight
- Proven ability to provide commercial uplift from research and development projects
- Strong people management skills
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Technical Pricing Manager 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 Technical Pricing Manager
✨Tip Number 1
Familiarise yourself with Earnix and other price optimisation tools mentioned in the job description. Having hands-on experience or even a solid understanding of these tools can set you apart from other candidates.
✨Tip Number 2
Brush up on your statistical modelling skills, especially using R or Python. Being able to demonstrate your ability to apply advanced machine learning methods will be crucial in showcasing your fit for this role.
✨Tip Number 3
Network with professionals in the pricing and actuarial fields. Engaging with others who have experience in similar roles can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss how you've delivered commercial value through pricing insights in your previous roles. Be ready with specific examples that highlight your impact on pricing performance and efficiency.
We think you need these skills to ace Technical Pricing Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in pricing or actuarial roles, especially within general insurance. Emphasise your familiarity with price optimisation tools like Earnix or Radar, and any advanced machine learning methods you've implemented.
Craft a Strong Cover Letter: In your cover letter, explain how your skills align with the role's requirements. Discuss your ability to communicate complex statistical concepts to non-technical audiences and your experience in mentoring junior team members.
Showcase Relevant Projects: Include specific examples of projects where you delivered commercial value through pricing insights. Highlight any research and development initiatives that improved pricing methodologies or model accuracy.
Proofread and Format: Before submitting your application, ensure that your documents are free from errors and well-formatted. A clean, professional presentation can make a significant difference in how your application is perceived.
How to prepare for a job interview at Thinkways Software Technologies Pvt. Ltd.
✨Showcase Your Analytical Skills
As a Technical Pricing Manager, you'll need to demonstrate your strong analytical abilities. Be prepared to discuss specific examples of how you've used statistical methods or pricing models in previous roles, especially if you have experience with tools like Earnix or Radar.
✨Communicate Complex Concepts Simply
You'll often need to explain complicated statistical concepts to non-technical stakeholders. Practice articulating your ideas clearly and concisely, using relatable examples to ensure your audience understands the value of your insights.
✨Highlight Your Team Management Experience
Since the role involves mentoring junior team members, be ready to share your experiences in managing and coaching others. Discuss your approach to leadership and how you've successfully developed talent within your teams.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving skills and decision-making process. Think about past challenges you've encountered in pricing or actuarial roles and how you overcame them, particularly focusing on the impact of your solutions.
