At a Glance
- Tasks: Lead pricing strategy and initiatives to drive profitability and retention.
- Company: Join a leading organisation with a strong market presence and strategic priorities.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Dynamic environment with opportunities to influence and challenge at executive levels.
- Why this job: Make a significant impact in a high-profile role with exposure to senior leadership.
- Qualifications: Extensive pricing experience and strong analytical skills required.
The predicted salary is between 59400 - 72600 £ per year.
This is a high-profile and critical role offering considerable exposure and the opportunity to make a significant impact by ensuring actuarial oversight and technical pricing excellence across a large consumer member base and significant policy portfolio.
The role holder will deputise for the Director of Pricing and Value on retention matters.
The role will help to develop opportunities based on expert market insight to deliver best in class pricing practice and execution, that drives our Retention trading performance.
You’ll influence and constructively challenge at senior & Exec organisational levels, providing oversight to delivery and growth plans to challenge the norm where required and ensure executional excellence and best in class practise.
- Context
- Highly competitive market, set against a background of changing social, legal and economic pressures, with an emergence of new risk scenarios.
- Changing regulatory environment.
- UK based and operating within one of the organisation’s largest P&Ls.
- Critical role in achieving and maintaining the organisation’s strategic priorities, whilst driving profitability and mitigating churn.
- Reports To
- Director of Pricing and Value.
- Key Relationships
- Senior Leadership and Finance Directors.
- Consumer Pricing & Finance Teams.
Key Responsibilities
- Drive and develop the successful delivery of Consumer pricing strategy, development and initiatives across the Division, driving profitability upwards.
- Lead programme execution where required to deliver on initiatives and programmes critical to Division and group commitments.
- Produce Executive summaries of FCA regulatory pricing changes, understanding and communicating the impact these may have on the Business.
- Liaise with the Financial Conduct Authority and Financial Ombudsman Service as required. Ensure Financial Ombudsman pricing complaints are responded to appropriately.
- Undertake detailed statistical analysis using actuarial modelling techniques to support the Risk Based Pricing element of the Renewal Pricing Strategy and ensure correct implementation.
- Consider and model the tax implications of pricing changes.
- Support business decisions by providing accurate and predictive analysis to support business strategy.
- Investigate and drive forward market leading pricing capabilities.
- Develop forecasting models and explain weekly / yearly variances vs forecast.
- Understand FCA regulatory guidance, both Pricing and non-Pricing.
- Develop action plans to ensure that the pricing strategy aligns to the evolving regulatory landscape.
- Lead the Product & Pricing (P&P) Forum and translate outcomes to inform the Executive P&P, acting as an advisory service to non-actuarial business stakeholders.
- Ensure decisions taken are compliant and adhere to Governance sign-off processes.
- Manage and develop a small team of pricing analysts who will provide accurate and timely analysis of business trading data to inform strategic thinking and decision making.
- Key Performance Indicators
- P&L and Budget plan delivery supported.
- Business margins maintained / increased.
- Organisation perceived by others as a market leader.
- Business and Compliance Risks managed within agreed appetite.
- Compliance with all appropriate company policies, ensuring appropriate sign-offs are achieved through the Pricing & Product Forum and Executive Board.
Skills, Knowledge & Experience
- Extensive pricing experience and demonstrable expertise in a relevant field such as Finance, Insurance or Banking.
- Excellent technical knowledge of pricing and analytical techniques.
- Highly numerate with strong analytical and problem-solving skills.
- Experience of statistical modelling software (e. g. Emblem, R, Python) advantageous, but not required.
- Experience of optimisation software (e. g. Radar Optimiser, Earnix) advantageous, but not required.
- Personal Attributes
We’re looking for a skilled analytical thinker with the ability to handle competing priorities, complex dynamics and exercise judgement in the development and implementation of strategic plans.
You’ll also need strong experience of delivering complex programmes at a senior level.
- Strong delivery and leadership experience with exceptional communication and negotiation skills.
- Strong stakeholder management experience with a demonstrable ability to build relationships based on credibility and trust with Exec, regulators and Group-wide stakeholders at all levels.
- Finance acumen to build, track and deliver business cases.
- Experience of leading diverse, professional teams.
Qualifications
- Progress towards a relevant professional qualification, e. g. CII, MBA or FIA, desirable.
- #J-18808-Ljbffr
Pricing Manager employer: Venquis
As a Pricing Manager at our organisation, you will be part of a dynamic and innovative team that values excellence and collaboration. We offer a supportive work culture that prioritises employee growth through continuous learning opportunities and mentorship from senior leaders. Located in the UK, you will enjoy a competitive salary, comprehensive benefits, and the chance to make a meaningful impact on our strategic priorities while working in one of our largest P&Ls.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Venquis. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Pricing Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Venquis.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Venquis's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Venquis
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Venquis.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Venquis will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Venquis employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
