Head of Pricing Transformation

Vermelo RPO; Manchester; Hybrid; GBP 60,000 - 85,000; Full time

Job summary

A leading provider of private insurance is seeking a Head of Pricing Transformation to lead the pricing strategy aimed at optimizing profitability. You will manage a team, drive change in pricing solutions, and collaborate with various departments. Ideal candidates will have strong experience in managing pricing teams, exceptional commercial acumen, and a quantitative degree. This role offers a collaborative environment with extensive benefits including a yearly bonus and private medical care.

Benefits

Private medical health care plan

Yearly bonus scheme

25 days annual leave plus Bank Holidays

Life Assurance 4x annual salary

Vibrant, modern offices

Qualifications

• Strong experience managing pricing teams and managers.
• Extensive experience owning general insurance products.
• Strong understanding of retail pricing optimisation and current trends.

Responsibilities

• Lead the pricing strategy to drive commercial outcomes.
• Enhance profitability through strategic ownership of pricing solutions.
• Collaborate with various teams to meet business objectives.

Skills

Commercial acumen

Team management

Communication skills

Retail pricing optimisation

Predictive modelling

Statistical programming

Education

Quantitative degree

Job description

Head of Pricing Transformation

We re looking for a talented individual to join a fast-paced, innovative company who are leaders in the insurance industry.

This role sits within our Retail Pricing division.

Locations available

Peterborough, Manchester, Stoke-On-Trent (flexible hybrid working). We have offices based in the above locations, however, we are open to largely remote working with the occasional travel to an office.

Role purpose:

The successful candidate is responsible for leading the pricing strategy in order to drive commercial outcomes across the company. This includes strategic leadership, team leadership, organisational awareness, ability to drive change, collaboration and innovation.

Key Responsibilities:

• Strategic ownership and leadership of pricing solutions
• Drive change to enhance profitability
• Combine pricing expertise and commercial acumen to deliver outcomes which optimise the P&L
• Ensure all activity is compliant with pricing governance and follows established controls
• Work closely with the Modelling & Optimisation Pricing Team and Street Pricing Team to ensure pricing models/approaches meet business objectives
• Manage relationships with key stakeholders around the business
• Manage a team of varying experience, including managers

About you:

• Exceptional commercial acumen
• Strong experience managing pricing teams and managers
• Strong communication skills across a variety of audiences, particularly with senior stakeholders
• Extensive experience owning general insurance products, including knowledge of current trends and issues
• Strong understanding of retail pricing optimisation
• Experience with predictive modelling techniques
• Experience in statistical and data science programming languages
• A quantitative degree

What we offer in return?

• A collaborative and fast paced work environment
• Private medical health care plan
• Yearly bonus scheme
• 25 days annual leave plus Bank Holidays and the ability to buy additional leave (annual leave also increases with service)
• Life Assurance 4x annual salary
• Vibrant, modern offices

About the business:

Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. Markerstudy also has a large and growing direct presence in the market as well.

Having acquired and successfully integrated Co-op Insurance Services in 2021, BGLi in 2022 & Atlanta in 2024. Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes.