Pricing Manager

Salary: £56,000 - £80,000 per annum, plus annual bonus

Location: London (Hybrid Working)

Contract Type: Permanent, Full Time

Our client, an esteemed Insurance Company, has been consistently recognized as a UK Top Employer for the past three years.
They are seeking a highly skilled Pricing Manager to join their team working across both the broker and direct standard motor products.

As a Pricing Manager, you will be responsible for overseeing and managing the pricing strategies and risk assessment processes to optimise profitability and manage risk across the organisation.
You will work closely with cross-functional teams, including underwriters, actuaries, and data scientists, to develop and implement pricing models, analyse market trends, and make data-driven decisions to ensure pricing strategies to align with the business objectives.

You will plan and deliver pricing related projects to deadline and quality standards with a specific focus on the trading position.
You will directly influence the future growth and profitability of the business.

The role will involve the management of detailed analysis of data using sophisticated actuarial and statistical techniques in order to recommend pricing actions which increases volume and hits profit targets.

In addition, the Pricing Manager will build pricing capability and core skills within the business, as well as influence the strategic direction of risk pricing and within the wider Ageas UK Group.

Main Responsibilities:

• Management, development and coaching of Lead, Senior and Pricing Analysts (circa team of 6).


• Monitoring and management of trading position to ensure targets are met.


• Approving predictive and machine learning models and ensuring best practice.


• Data enhancement, governance and ensuring accurate and relevant datasets for modelling, pricing and monitoring.


• Development and maintenance of pricing models and support for their deployment.


• Compiling and ensuring the timely delivery of results and recommendations for pricing committee.


• Carry out deployment/send instructions for rate releases and review of rates into rate engine/live environment.


• Project management across all stages of the price control cycle as required.


• Deputise for Senior Managers/the Head of Pricing where required, including meetings with senior management and directors.

Required Skills/Experience:

• Educated to degree level or equivalent in a numerical discipline or qualified by experience.


• Extensive experience in insurance pricing or related analytical background.


• Highly skilled in the use of programming language (e.g.
  SAS) to manipulate data.


• Experience in SOME of the following predictive modelling techniques e.g.
  Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines and Neural Nets.


• Experienced in the use of a programming language (e.g.
  R, Matlab, Python or Octave).


• Experience in using Emblem and Radar.


• Experience of using analytics to solve complex business problems.


• Effective coaching of junior staff and development of pricing skills.


• Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors.


• Ability to convey advanced statistical concepts to a non-statistical audience.


• Self-motivated, with the drive, energy and ability to work on own initiative.


• Very strong planning, prioritisation and organisational skills.

In return for your hard work and commitment, our client offers fantastic benefits, including:

• Flexible Working - our client gives employees flexibility around location (as long as it's within the UK) and, for many of our roles, flexibility within the working day to manage other commitments, such as school drop offs etc.


• Minimum of 31 days holiday (inc.
  bank holidays) and you can buy and sell days.


• Dental Insurance Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities - Yoga, Mindfulness.


• Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.


• Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.


• Partner Life Assurance and Critical Illness cover


• Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover


• Deals on various gadgets including Wearables, Tablets and Laptops.