Pricing Optimization Lead

Markel Corporation; Greater London; Hybrid; GBP 80,000 - GBP 100,000; Full time

Job summary

A leading insurance company in the UK is seeking a Pricing Optimisation Lead to shape pricing strategies within their International Portfolio Analytics team. You will engage with senior stakeholders, improve pricing models, and mentor junior team members. Candidates should have experience in pricing model development and strong analytical skills. This role offers flexible working arrangements and a comprehensive benefits package, including private medical cover and 25 days of holiday.

Benefits

25 days' holiday

Private medical cover

Pension scheme

Vitality wellbeing benefits

Qualifications

• Experience in pricing model governance and calibration.
• Strong problem-solving and analytics skills.
• Good coding or data analysis skills are beneficial.

Responsibilities

• Engage with senior stakeholders for aligning pricing strategies.
• Document and validate pricing methodologies.
• Mentor junior team members in their actuarial career development.

Skills

Pricing model development

Technical actuarial skills

Python

SQL

Power BI

Job description

We understand that career breaks happen for many reasons, and we value the skills and perspectives you bring. This role offers a supportive environment designed to help you transition smoothly and thrive. As a Pricing Optimisation Lead within our International Portfolio Analytics (IPA) team, you’ll play a key role in shaping pricing strategies and driving meaningful change across Markel International. You’ll collaborate with senior leaders and technical experts to develop best practice pricing approaches, ensuring our portfolio management translates into well-calibrated model improvements that deliver real business impact.**About the Team**The International Portfolio Analytics (IPA) team is a dynamic, multi-functional group that operates with creativity, autonomy, and empowerment. Embedded within the underwriting business and represented in senior leadership forums, the team supports all divisions of Markel International. Our core focus spans four critical areas:* **Portfolio Management*** **Pricing Transformation*** **Advanced Analytics*** **Catastrophe & Exposure Management****What You’ll Do**Explore opportunities to deliver smarter pricing solutions, including:* Reviewing, challenging, and improving pricing models and approaches to iterative development and calibration.* Offering practical recommendations and sharing best practices, balancing technical rigour with real-world application.* Supporting the ongoing development and maturity of models, including exploring opportunities with internal and external data sources.* Adding value to testing, validation, and governance processes to embed effective practices.* Mentoring and supporting junior team members in their actuarial career development.* Fostering collaboration between portfolio management, pricing transformation, and other teams.* Contributing ideas and expertise to shape the future direction of our team and the wider business.**Your Key Responsibilities*** Engage with senior stakeholders, including underwriting MDs and the office of the CUO, to align pricing strategies with business objectives.* Lead initiatives to improve pricing model governance and calibration.* Document and validate pricing methodologies and ensure clarity across teams.* Facilitate workshops and meetings to drive collaboration and decision-making.* Prepare governance materials and secure sign-off at key milestones.* Support continuous improvement across the International Portfolio Analytics function.**What We’re Looking For*** Experience in pricing model development, review, calibration, validation, and governance; familiarity with GLMs is helpful but not essential.* Strong technical actuarial skills with the ability to problem-solve and recommend analytics approaches.* Background in actuarial work—whether from London Market insurance, Personal Lines, Consulting, or elsewhere.* Ability to communicate complex concepts clearly and constructively, and to challenge approaches in a supportive way.* Willingness to learn and adapt, with an open mind to new tools, data sources, and ways of working.* Collaborative spirit and a desire to help others develop and succeed.* Good coding or data analysis skills (e.g., Python, SQL, Power BI) would be useful, but we’re happy to support your development.* Any experience with capital modelling is a plus but not required.* A collaborative, forward-thinking team that values creativity, autonomy, and fresh perspectives.* Opportunities to influence strategic pricing decisions and shape best practice across Markel International.* Access to cutting-edge tools, data, and analytics to drive meaningful change.* Support for your professional growth, including mentoring and development in technical and leadership skills.* Flexible working options to help you balance work and life while making a real impactWe’re open to flexible working requirements for all of these roles and offer benefits & support such as:* 25 days’ holiday (pro‑rated for the FTC)* Private medical cover for you and your family* Private dental insurance* Worldwide travel insurance* Pension scheme* Vitality wellbeing benefits* My Family Care for emergency childcare and eldercare* High street discounts and reduced gym membershipsChoose **‘Apply Now’** to fill out our short application, so that we can find out more about you.Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role, then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [e-mail] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.#LI-KD1**#LI-Hybrid #PlayYourPartUK**