At a Glance
- Tasks: Lead the development of advanced pricing models using data-driven techniques.
- Company: Join a forward-thinking insurance company focused on innovation and growth.
- Benefits: Enjoy remote work flexibility, competitive salary, and opportunities for professional development.
- Other info: Collaborative environment with a focus on continuous improvement and technical excellence.
- Why this job: Make a real impact by shaping pricing strategies that drive profitability and sustainability.
- Qualifications: Experience in insurance pricing and strong skills in statistical modelling and programming.
The predicted salary is between 60000 - 80000 £ per year.
Location: Primarily remote with occasional travel.
Role Overview
The Senior Technical Pricing Manager is responsible for leading the development and advancement of pricing models, data assets, and analytical capability. The role focuses on delivering robust, data-driven pricing through advanced statistical and machine learning techniques, ensuring models are predictive, scalable, and aligned to regulatory requirements. This position combines deep technical expertise with strategic oversight, owning the end-to-end pricing model lifecycle while driving continuous improvement in pricing infrastructure, tools, and methodologies. The role also ensures that technical insights are translated into actionable pricing strategies that support profitability and sustainable growth.
Key Responsibilities
- Lead the design, development, validation, and deployment of advanced pricing models (e.g. GLMs, GAMs, machine learning models).
- Own the full pricing model lifecycle including data sourcing, feature engineering, model build, testing, deployment, and monitoring.
- Drive continuous improvement in pricing capability through enhanced modelling techniques, automation, and modern data science practices.
- Develop and maintain pricing data pipelines, tools, and infrastructure in collaboration with data and technology teams.
- Perform deep-dive analysis on pricing performance, including loss ratio, rate adequacy, and portfolio profitability.
- Conduct model validation and governance, ensuring models are robust, explainable, and compliant with regulatory requirements (e.g. fair value, non-discrimination).
- Establish monitoring frameworks to track model performance and trigger recalibration where required.
- Support business planning and forecasting through scenario modelling and predictive analytics.
- Provide technical oversight and challenge to third-party pricing providers and delegated authority partners.
- Translate complex analytical outputs into clear, commercially relevant insights for senior stakeholders and committees.
- Lead and develop technical pricing talent, embedding best practice in modelling, coding, and analytical thinking.
Key Skills and Experience
- Strong experience in insurance pricing (personal and/or commercial lines) with hands-on model development.
- Advanced knowledge of statistical modelling techniques (e.g. GLMs) and machine learning methods (e.g. gradient boosting, random forests).
- Proficiency in programming languages such as Python, R, or similar.
- Experience with data manipulation, feature engineering, and working with large datasets.
- Understanding of pricing optimisation, demand modelling, and portfolio segmentation (desirable).
- Experience with model governance, validation, and regulatory frameworks within insurance pricing.
- Exposure to delegated authority models or external pricing providers advantageous.
- Strong analytical and problem-solving capability with high attention to detail.
- Ability to translate complex technical outputs into clear business recommendations.
- Commercial awareness with a data-driven mindset.
- Effective stakeholder communication and influencing skills.
- Collaborative approach with the ability to work across technical and non-technical teams.
- Commitment to continuous improvement, innovation, and technical excellence.
Senior Technical Pricing Manager in Portsmouth employer: Vermelo
As a Senior Technical Pricing Manager at our company, you will thrive in a dynamic and supportive work environment that prioritises innovation and professional growth. With a primarily remote setup complemented by occasional travel, we offer flexibility alongside access to cutting-edge tools and resources, fostering a culture of collaboration and continuous improvement. Our commitment to employee development ensures that you will have ample opportunities to enhance your skills and advance your career while contributing to impactful pricing strategies that drive sustainable growth.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Technical Pricing Manager in Portsmouth
✨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 Vermelo. 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 Senior Technical Pricing Manager in Portsmouth
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 Vermelo.
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 Vermelo'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 Vermelo
✨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 Vermelo.
✨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 Vermelo 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 Vermelo 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.
