MARKET PRICING MANAGER | 30004

Overview

Key responsibilities including but not limited to:

• Work closely with their Head of Pricing to deliver pricing strategy, deputising where needed
• Lead the development and refinement of pricing strategy in collaboration with the Head of Pricing, providing leadership and guidance to the pricing team
• Own market pricing activities including development of their demand, elasticity, and market pricing models and own and develop their pricing optimisation framework
• Providing inputs into the management and development of their lifetime value modelling and multi-year price optimisation models and strategic approach
• Monitor market trends and extract insight on competitor benchmarking to make rate recommendations
• Build a strong relationship with marketing and keep the business informed of their competitive position and conversion performance in their trading meetings
• Support the Head of Pricing as needed to act as pricing representative in trading meetings to put forth pricing viewpoints on trading performance and upcoming changes
• You’ll communicate results effectively to realise business gains from valuable insight and present rate recommendations to senior stakeholders, external parties, and pricing committees
• Support and peer review analysts with line management responsibility for one pricing analyst

Qualifications Required

• Ideally, you’ll already be a Pricing Manager or experienced senior analyst with technical pricing skills looking to step up
• Owing to the nature of the role, they will need you to have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related degree, with a minimum of a 2:1 classification

Experience Required

• You have strong commercial experience in a pricing role, preferably direct or aggregator-led personal lines insurance
• You’ll be an expert in predictive modelling and price optimisation with exposure to the latest emerging techniques in these domains such as machine learning and AI
• You’re up to date with technical developments in the insurance industry and best practice in actuarial methods
• You’re a confident user of pricing tools, systems, and languages such as Python, SQL, Earnix, Radar or similar

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