Assistant Retail Pricing Manager

Somerset Bridge Group; Bristol; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A financial services provider in Bristol is seeking an Assistant Retail Pricing Manager to support the retail pricing strategy for motor insurance. Responsibilities include implementing pricing strategies, analyzing market trends, preparing reports, and collaborating with internal teams. The ideal candidate will possess strong analytical skills, proficiency in SQL and Excel, and leadership capabilities for mentoring a team. The role offers a hybrid work model and competitive benefits including annual leave and a pension scheme.

Benefits

Hybrid working – 2 days in the office

25 days annual leave

Discretionary annual bonus

Pension scheme – 5% employee, 6% employer

Flexible working arrangements

Health cashback plan

Employee discounts

Enhanced parental leave

Qualifications

• Strong analytical and data interpretation skills.
• Proficiency in pricing software and programming tools.
• Excellent verbal and written communication skills.
• Team leadership capabilities to guide analysts.

Responsibilities

• Assist in implementing retail pricing strategy.
• Prepare detailed analysis of pricing changes.
• Monitor and evaluate performance of pricing strategies.
• Supervise and mentor pricing analysts.

Skills

Analytical skills

Data interpretation

Statistical modelling

Team leadership

Problem-solving

Tools

Excel

SQL

R

Python

Radar

Emblem

Job description

Assistant Retail Pricing Manager

Department: [SBL] Retail Pricing

Employment Type: Permanent - Full Time

Location: Bristol

Description

The Assistant Retail Pricing Manager will support the development and execution of the company's retail pricing strategy for motor insurance products. The role involves managing pricing projects, leading a small team, and collaborating with cross‑functional stakeholders to ensure pricing models are competitive, profitable, and in line with regulatory standards. This position serves as a bridge between senior leadership and analysts, playing a key role in translating strategic goals into actionable pricing initiatives.

What you'll be responsible for:

Pricing Strategy Execution

• Assist in implementing the retail pricing strategy in line with the company’s growth and profitability goals.
• Provide input into strategic decisions by analysing market trends, competitor pricing, and customer behaviour.

Analysis and Reporting

• Prepare detailed and accurate analysis of pricing changes and their impact on portfolio performance.
• Communicate insights and recommendations to senior managers through presentations and detailed reports.

Performance Monitoring

• Monitor and evaluate the performance of implemented pricing strategies, recommending adjustments to improve outcomes.

Innovation and Development

• Contribute to the development and deployment of new pricing techniques, including machine learning and automation tools.
• Identify opportunities to improve existing models, processes, and systems.

Team Leadership

• Supervise and mentor pricing analysts, fostering their professional growth.
• Oversee the production of high‑quality pricing models and reports, ensuring adherence to timelines and accuracy.

Stakeholder Collaboration

• Work closely with the Retail Pricing Manager to align on strategic goals and priorities.
• Collaborate with underwriting, marketing, and claims teams to gather insights and refine pricing recommendations.
• Act as a point of contact for internal stakeholders regarding pricing updates, methodologies, and queries.

Regulatory and Compliance Oversight

• Ensure pricing activities comply with all applicable regulations and internal policies.
• Support audits and prepare documentation for regulatory reporting as needed.

What you'll need:

• Strong analytical and data interpretation skills, with a solid grasp of statistical modelling and actuarial methods.
• Proficiency in pricing software and programming tools such as Excel, SQL, R, Python, or similar platforms.
• Proficiency in Radar or Emblem advantageous.
• Excellent communication skills, both verbal and written, with the ability to present complex concepts to varied audiences.
• Strong project management and organisational abilities, with a capacity to handle multiple priorities effectively.
• Team leadership and mentoring capabilities to guide and develop analysts.
• Problem‑solving skills and a proactive, solutions‑focused mindset.

Our Benefits

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day