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For Companies At a Glance
- Tasks: Develop and optimise retail pricing models using innovative data science techniques.
- Company: Join a forward-thinking company focused on enhancing pricing strategies and team capabilities.
- 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 methodologies.
- Qualifications: Must have a degree in Statistics, Mathematics, or a related field, with experience in pricing roles.
- Other info: Opportunity to mentor junior team members and lead exciting research projects.
The predicted salary is between 43200 - 72000 £ per year.
Job Title: Technical Pricing Manager
Location: Ideally working from our Peterborough office one day a week, however, depending on location we can look at a flexible approach with this.
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: Vermelo RPO
Contact Detail:
Vermelo RPO 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. Understanding how these tools work and their applications in real-world scenarios will give you a significant edge during interviews.
✨Tip Number 2
Brush up on your statistical concepts and machine learning methods. Being able to discuss these topics confidently will demonstrate your expertise and ability to communicate complex ideas effectively.
✨Tip Number 3
Network with professionals in the pricing and actuarial fields. Engaging with others in the industry can provide insights into current trends and challenges, which you can reference in your discussions with us.
✨Tip Number 4
Prepare examples of how you've delivered commercial value through pricing insights in previous roles. Real-life success stories will help illustrate your capabilities and fit for the Technical Pricing Manager position.
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 skills in using price optimisation tools like Earnix or Radar, and any relevant software packages such as R or Python.
Craft a Compelling Cover Letter: In your cover letter, explain how your background in statistics or mathematics aligns with the role of Technical Pricing Manager. Discuss specific examples of how you've delivered commercial value through pricing insights or research projects.
Showcase Your Technical Skills: Clearly outline your experience with advanced machine learning methods and statistical modelling. Mention any specific projects where you contributed to pricing model accuracy and efficiency, as this will demonstrate your capability for the role.
Highlight People Management Experience: If you have experience managing, mentoring, or coaching junior team members, make sure to include this in your application. This is an important aspect of the role, and showcasing your leadership skills can set you apart from other candidates.
How to prepare for a job interview at Vermelo RPO
✨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 can relate them to the insurance sector.
✨Familiarise Yourself with Earnix
Since the role involves using Earnix for predictive modelling, it’s crucial to have a good understanding of this tool. If you have experience with it, be ready to share insights on how you've leveraged it to optimise pricing strategies.
✨Prepare for Technical Questions
Expect to face technical questions related to pricing optimisation and machine learning methods. Brush up on your knowledge of advanced statistical techniques and be ready to explain how they can enhance pricing model accuracy.
✨Demonstrate Leadership Qualities
The role requires managing and mentoring junior team members. Highlight your leadership experiences and how you've successfully guided others in previous positions, showcasing your ability to foster a collaborative team environment.
