Head of Modelling and Optimisation

Vermelo RPO; Manchester; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

A leading company in the insurance sector is looking for two strategic roles: Head of Modelling & Optimisation and Head of Pricing Transformation. Successful candidates will lead innovative pricing solutions and manage teams to enhance pricing processes. The roles require extensive experience in retail pricing optimization and strong communication abilities to interact with diverse stakeholders.

Benefits

Private medical healthcare plan

Yearly bonus scheme

28 days annual leave plus bank holidays

Life Assurance at 4x annual salary

Modern office environment

Qualifications

• Experience managing pricing teams and managers.
• Extensive experience with general insurance products.
• Proficiency in predictive modelling techniques.

Responsibilities

• Lead technical pricing solutions to drive commercial outcomes.
• Develop pricing models to improve performance and efficiency.
• Collaborate with teams to align pricing models with objectives.

Skills

Team Management

Communication

Commercial Acumen

Predictive Modelling

Statistical Programming

Education

Quantitative Degree

Tools

WTW Radar

Earnix

Job description

Head of Modelling & Optimisation, Head of Pricing Transformation

Two positions are available: Head of Modelling & Optimisation and Head of Pricing Transformation.

These roles are within our Retail Pricing - Modelling & Optimisation division.

Location: We operate flexible hybrid working arrangements with offices based in Manchester and Peterborough.

Role purpose

The successful candidate will lead technical pricing solutions to drive commercial outcomes across the company. This includes strategic and technical leadership, team management, organizational awareness, change management, collaboration, and innovation.

Key Responsibilities

• Strategic ownership and leadership of pricing solutions
• Drive change and innovation for continuous improvement
• End-to-end development of pricing models using a tailored pricing pipeline
• Utilize pricing software to build predictive statistical models and optimize customer prices intelligently
• Enhance and implement improvements to the pricing process to boost performance and efficiency
• Lead research and development to innovate current modelling and pricing methodologies
• Ensure compliance with pricing governance and controls
• Collaborate with the Street Pricing Team to align models with business objectives and manage stakeholder relationships
• Manage a team with varied experience, including managers

About you:

• Experience managing pricing teams and managers
• Excellent communication skills with diverse audiences, especially senior stakeholders
• Extensive experience with general insurance products, current trends, and issues
• Experience with WTW Radar or Earnix software
• Strong commercial acumen
• Experience in retail pricing optimization
• Proficiency in predictive modelling techniques
• Skills in statistical and data science programming languages
• A quantitative degree

What we offer in return?

• A collaborative and fast-paced work environment
• Private medical healthcare plan
• Yearly bonus scheme
• 28 days of annual leave plus bank holidays and options to buy additional leave
• Life Assurance at 4x annual salary
• Vibrant, modern offices

About the business:

Markerstudy is a leading UK private insurance provider, insuring around 5% of private cars, 20% of commercial vehicles, and over 30% of motorcycles, with total premiums of circa £1.2 billion. The company has a significant direct market presence.

Following acquisitions of Co-op Insurance Services in 2021, BGLi in 2022, and Atlanta in 2024, Markerstudy is pursuing innovative pricing techniques using an award-winning insurer-hosted rating platform while challenging existing processes.