Senior Retention Pricing Manager

About The Role

RAC have an exciting opportunity within our dynamic Consumer Roadside Pricing Team based at our Bristol office. We are currently for an experienced Senior Retention Pricing Manager with strong analytical & problem-solving skills to join on a permanent basis. This role will be delivered on a flexible hybrid model of working three days from home and two days at our Bradley Stoke office.

This role is both high-profile and critical to business performance. It also offers a considerable amount of exposure, as well as presenting the opportunity to make a significant impact as you ensure actuarial oversight and technical pricing excellence for the entire RAC Membership (c2.1m Members) and the pricing of £300m of policies.

What You’ll Do…

You’ll influence and constructively challenge at Senior & Executive organisational levels, providing oversight to delivery and growth plans to challenge the norm where required and ensure executional excellence and best in class practise. You’ll also be asked to do the following;

• Drive and develop the successful delivery of Consumer pricing strategy, development and initiatives across the Division, driving profitability upwards.
• Lead programme execution where required to deliver on initiatives and programmes critical to Division and group commitments.
• Produce Executive summaries of FCA regulatory pricing changes, understanding and communicating the impact these may have on the Business.
• Liaise with the Financial Conduct Authority and Financial Ombudsman Service as required. Ensure Financial Ombudsman pricing complaints are responded to appropriately.
• Undertake detailed statistical analysis using actuarial modelling techniques to support the Risk Based Pricing element of the Renewal Pricing Strategy.
• Support business decisions by providing accurate and predictive analysis to support business strategy.
• Develop forecasting models & explain weekly/ yearly variances vs forecast
• Develop action plans to ensure that the Breakdown Pricing Strategy aligns to the evolving regulatory landscape.
• Manage and develop a small team of pricing analysts who will provide accurate and timely analysis of business trading data to inform your strategic thinking and decision making.

What You’ll Need...

We’re looking for a skilled analytical thinker with the ability to handle competing priorities, complex dynamics and exercise judgement in the development and implementation of strategic plans. You’ll also need strong experience of delivering complex programmes at a senior level. You’ll also possess the following;

• Extensive pricing experience and demonstrable expertise in relevant field (such as Finance, Insurance, Banking etc.).
• Excellent technical knowledge of pricing and analytical techniques.
• Highly numerate with strong analytical & problem solving skills
• Experience of statistical modelling software (e.g. Emblem, R, python) advantageous, but not required.
• Experience of optimisation software (e.g. Radar optimiser, Earnix) advantageous, but again not required.
• Strong delivery and leadership experience with exceptional communication and negotiation skills
• Strong stakeholder management experience with a demonstrable ability to build relationships based on credibility and trust with Exec, regulators and Group-wide stakeholders at all levels.

In return, we offer…

At RAC, our colleagues do whatever it takes to help our customers. And we believe in rewarding you in return. As well as a competitive salary, you’ll have all these extra benefits:

• FREE RAC Ultimate Complete Breakdown Service from Day One.
• 25 days annual leave entitlement plus bank holidays.
• Option to join RAC’s Group Personal Pension scheme where we will match / contribute up to 6.5% on qualifying earnings.
• 2 x Basic Salary Core Employer funded Life Assurance cover (4 x for pension scheme members) with the option to flex up to 10 x cover through our flexible benefits offering.
• Family leave support including paid time off, flexibility and resources to help balance work and family commitments.
• Confidential personal support service, available 24 hours a day every day of the year for you and any family members ages 16+ in your household.
• Car salary sacrifice scheme – after 12 months of employment, where you’ll enjoy significant tax savings, including electric vehicle options.
• Access to Orange Savings, our online discounts portal offering 1000’s of savings on high street retailers, supermarkets, holidays, tech and much, much more.
• FREE onsite parking.

When you join us you will automatically be opted into our Colleague Share Scheme, called ‘Owning it together’. This is a unique opportunity for our colleagues to get rewarded for the outstanding work they deliver, to share in the future success of the RAC and is no ordinary work benefit, incentive, or bonus!