At a Glance
- Tasks: Lead pricing strategy and oversee performance management for a diverse portfolio.
- Company: Join a dynamic company focused on innovative pricing solutions in the insurance sector.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact on business strategy while leading a talented team in a fast-paced setting.
- Qualifications: 7+ years in pricing or actuarial roles, with strong leadership and data analysis skills required.
- Other info: Opportunity to work with advanced pricing models and cutting-edge data analytics.
The predicted salary is between 43200 - 72000 £ per year.
My client is seeking an accomplished Pricing Manager to lead and drive the pricing strategy within our portfolio. This strategic leadership role is responsible for overseeing the performance of the pricing portfolio, ensuring sustainable profitability, optimising risk selection, and driving data-driven decision-making. The successful candidate will lead a team of pricing analysts, collaborate with cross-functional stakeholders, and have a direct impact on portfolio strategy and performance management.
Key Responsibilities:
- Lead the design, implementation, and ongoing optimisation of pricing strategies across the portfolio, ensuring alignment with business objectives.
- Oversee portfolio performance management, analysing key metrics such as AP/TP ratio, RMI, AvEs, development triangles, and loss ratio performance.
- Develop and maintain advanced pricing models, including GLM, GBM, and other machine learning techniques, to support risk assessment and pricing decisions.
- Collaborate with underwriting, product development, and actuarial teams to refine pricing approaches and product offerings.
- Monitor portfolio profitability, identify emerging risks, and drive strategic actions to enhance performance.
- Lead, mentor, and develop a team of pricing analysts, fostering a culture of excellence, innovation, and continuous improvement.
- Present pricing insights, model outcomes, and strategic recommendations to senior management and non-technical stakeholders.
- Ensure pricing governance, compliance, and model validation processes are effectively managed.
- Leverage advanced data analytics to identify trends, optimise pricing decisions, and drive business value.
Qualifications and Experience:
- Minimum of 7 years of experience in pricing, portfolio management, or actuarial roles within General Insurance, with a strong focus on pricing strategy.
- Proven experience in leading pricing teams, including mentoring and performance management.
- Advanced expertise in technical pricing model development, including GLM, GBM, and machine learning techniques.
- Strong proficiency in data analysis with expertise in SQL, R, and data visualisation tools.
- Exposure to Java is advantageous.
- Comprehensive understanding of portfolio performance metrics (AP/TP ratio, RMI, AvEs, development triangles) and their application.
- Strong strategic thinking, problem-solving, and decision-making skills.
- Excellent communication and presentation skills, with a demonstrated ability to influence and challenge senior stakeholders constructively.
Pricing Manager employer: Versified
Contact Detail:
Versified Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Manager
✨Tip Number 1
Familiarise yourself with the key metrics mentioned in the job description, such as AP/TP ratio and loss ratio performance. Being able to discuss these metrics confidently during interviews will show your understanding of the role and its requirements.
✨Tip Number 2
Highlight your experience with advanced pricing models like GLM and GBM. Prepare examples of how you've successfully implemented these models in previous roles, as this will demonstrate your technical expertise and ability to drive data-driven decision-making.
✨Tip Number 3
Network with professionals in the insurance industry, particularly those involved in pricing and portfolio management. Engaging with others in the field can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 4
Prepare to discuss your leadership style and experiences in mentoring teams. Since the role involves leading a team of pricing analysts, showcasing your ability to develop talent and foster a culture of excellence will be crucial during the interview process.
We think you need these skills to ace Pricing Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing, portfolio management, and actuarial roles. Emphasise your leadership skills and any specific achievements related to pricing strategies and team management.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Pricing Manager role. Discuss your experience with advanced pricing models and data analytics, and how these can contribute to the company's objectives.
Showcase Technical Skills: Clearly outline your technical expertise in SQL, R, and any data visualisation tools you are proficient in. If you have experience with Java, mention it as an additional asset that could benefit the role.
Prepare for Interviews: Be ready to discuss your previous experiences in detail, particularly those involving team leadership and strategic decision-making. Prepare examples of how you've used data analytics to drive pricing decisions and improve portfolio performance.
How to prepare for a job interview at Versified
✨Showcase Your Technical Expertise
As a Pricing Manager, you'll need to demonstrate your advanced knowledge of pricing models like GLM and GBM. Be prepared to discuss specific examples of how you've developed and implemented these models in previous roles, and how they contributed to successful pricing strategies.
✨Highlight Leadership Experience
Since this role involves leading a team of pricing analysts, it's crucial to showcase your leadership skills. Share experiences where you've mentored team members or led projects, emphasising your ability to foster a culture of excellence and innovation.
✨Prepare for Data-Driven Discussions
Expect to engage in conversations about data analytics and performance metrics. Brush up on key metrics such as AP/TP ratio and loss ratios, and be ready to explain how you've used data to drive pricing decisions and enhance portfolio performance.
✨Communicate Effectively with Stakeholders
Strong communication skills are essential for this role. Practice presenting complex pricing insights in a clear and concise manner, ensuring you can convey technical information to non-technical stakeholders effectively. This will demonstrate your ability to influence and challenge senior management constructively.