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 demonstrate your understanding of the role and its requirements.
✨Tip Number 2
Showcase 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 highlight your technical expertise and relevance to the position.
✨Tip Number 3
Network with professionals in the insurance and pricing sectors. Engaging with industry peers can provide insights into current trends and challenges, which you can reference in your discussions with us, showing that you're proactive and well-informed.
✨Tip Number 4
Prepare to discuss your leadership style and experiences in mentoring teams. Since this role involves leading a team of pricing analysts, demonstrating your ability to foster a culture of excellence and innovation will be crucial in making a strong impression.
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 or 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 skills in SQL, R, and any data visualisation tools you are proficient in. If you have experience with Java, mention it as an advantage, as it could set you apart from other candidates.
Prepare for Interviews: Be ready to discuss your previous experiences in detail, particularly your approach to developing pricing strategies and leading teams. Prepare examples that demonstrate your strategic thinking and problem-solving abilities.
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.
✨Prepare for Data-Driven Discussions
Since the role involves leveraging data analytics, brush up on your skills in SQL, R, and data visualisation tools. Expect questions that assess your ability to analyse key metrics and make data-driven decisions, so be ready to share insights from your past experiences.
✨Highlight Leadership Experience
This position requires leading a team of pricing analysts, so it's crucial to showcase your leadership skills. Prepare examples of how you've mentored team members, fostered a culture of innovation, and driven performance improvements within your team.
✨Communicate Effectively with Stakeholders
You'll need to present complex pricing insights to both technical and non-technical stakeholders. Practice explaining your pricing strategies and model outcomes in a clear and concise manner, ensuring you can influence and engage senior management effectively.