Market Pricing Manager

Ageas; Greater London; Hybrid; GBP 60,000 - GBP 80,000; Part time

Job summary

A leading insurance company is seeking a Market Pricing Manager to oversee the pricing team and optimize pricing strategies. This role involves analyzing market trends, working cross-functionally, and applying advanced statistical techniques to ensure effective pricing. Candidates should have extensive experience in insurance pricing, team management, and familiarity with tools like Emblem or Radar. The position offers a hybrid working arrangement with a focus on data-driven decision-making.

Qualifications

• Degree level education or equivalent experience in numerical disciplines.
• Experience in insurance pricing or analytics.
• Knowledge of price optimisation strategies.

Responsibilities

• Manage and coach a team of Pricing Analysts.
• Monitor trading positions to meet targets.
• Approve maintenance of customer and market behaviour models.
• Compile timely recommendations for trading forums.
• Assess current and future pricing performance.

Skills

Educated to degree level in a numerical discipline or equivalent

Extensive experience in insurance pricing or related analytical background

Detailed knowledge or experience of price optimisation

Experience in using Emblem, Radar, Databricks or industry equivalent

Experience of dealing with and influencing colleagues at all levels

Tools

Emblem

Radar

Databricks

Job description

Job Title: Market Pricing Manager

Target Start Date: ASAP

Contract Type: Permanent, Part Time, Full Time, Job Share option available

Salary Range: £60,000 - £80,000

Location: Hybrid, once a month - Bournemouth

Work Level: 4

Closing Date for applications: Thursday 29th January

Hiring Manager: Tamzin Petersen

Market Pricing Manager: Fantastic opportunity to join our Market Pricing team as a Pricing Manager, assisting to plan and deliver pricing related projects to deadline and quality standards. You will directly influence the future growth of the business, with key deliverables to increase conversion, retention and overall company income and profitability. You will work closely with cross-functional teams across all products to develop and implement optimisation models, analyse market trends, and make data-driven decisions to ensure our pricing strategies align with our business objectives.

The role will involve the management of detailed analysis of data using sophisticated machine learning and statistical techniques within price optimisation to recommend pricing actions which increase volume, income and profit. In addition, the Pricing Manager will build pricing capability and core skills within the business, as well as influence the strategic direction of retail pricing in the wider Ageas UK Group.

Main Responsibilities:

• Management, development and coaching of Lead, Senior and Pricing Analysts (circa team of 5).
• Monitoring and management of trading position to ensure targets are met.
• Oversight and approval of the maintenance and application of models of customer and market behaviour; incorporating machine learning into behavioural models; enabling the exploration of new techniques to improve models.
• Compiling and ensuring the timely delivery of recommendations for trading forums; discussing propositions with senior stakeholders.
• Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.

Skills and experience:

• Educated to degree level or equivalent in a numerical discipline or qualified by experience.
• Extensive experience in insurance pricing or related analytical background.
• Detailed knowledge or experience of price optimisation.
• Experience in using Emblem, Radar, Databricks or industry equivalent.
• Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors,

To find out more about this role and for information please contact Zoe Powell OR Tamzin Petersen.

Alternatively, click on the “Apply Button” to be considered.