Head of Technical Pricing

AXA UK plc; City of Westminster; On-site; GBP 90,000 - 110,000; Full time

Job summary

A leading insurance provider in the UK is seeking a Pricing Strategy Leader to oversee individual PMI pricing aligning with commercial goals. Ideal candidates will have deep knowledge in insurance pricing data, experience in team leadership, and an educational background in mathematics or statistics. The role offers a competitive salary of up to £110,000 alongside various benefits like annual bonuses, a contributory pension scheme, and private medical cover.

Benefits

Competitive annual salary

Annual company & performance-based bonus

Contributory pension scheme (up to 12% employer contributions)

Life Assurance (up to 10× annual salary)

Private medical cover

28 days annual leave plus Bank Holidays

Qualifications

• Experienced in GLMs and machine learning techniques for pricing.
• Proven track record in leading and motivating teams.
• Comprehensive understanding of regulatory environments.

Responsibilities

• Lead the individual PMI pricing strategy ensuring alignment with commercial objectives.
• Review and challenge market models, ensuring compliance and enhancement.
• Coach and develop pricing analysts, building actuarial and data capabilities.

Skills

Expert knowledge of retail pricing data and modelling in insurance

Deep expertise in price optimisation

Outstanding communication and influencing skills

Solution-focused, data-driven mindset

Education

Strong educational foundation in mathematics or statistics (2:1 or higher)

Tools

Radar pricing software

Job description

What you’ll be doing:

• Leading the Individual PMI pricing strategy for AXA UK, ensuring alignment with commercial objectives and guiding the design, prioritisation, and continual refinement of optimisation and rating models.
• Reviewing and challenging behavioural, demand, and market models to ensure robustness, regulatory compliance, and ongoing value enhancement.
• Overseeing model performance monitoring to prioritise reviews and enable agile interim rating changes during model assessments.
• Pricing legacy Individual PMI and non-PMI portfolios, driving sophistication and cadence improvements prior to migration.
• Validating the LTV projection framework, ensuring robustness of assumptions and timely reviews.
• Embedding fair value principles in pricing decisions in line with the fair pricing policy and conduct expectations.
• Maintaining governance and audit readiness through documentation and validation of pricing assumptions/outputs; develop data‑driven monitoring for pricing changes.
• Leading, coaching and developing pricing analysts; build actuarial, data science, and commercial capabilities; represent pricing in trading, product, and governance forums, collaborating with Distribution, Propositions, Finance, Medical Underwriting, and Compliance.

Qualifications:

• Expert knowledge of retail pricing data and modelling in insurance for AXA UK, including GLMs and machine learning (GBMs), with hands‑on Radar pricing software experience.
• Deep expertise in price optimisation, reserving, and P&L dynamics to drive commercial outcomes and financial performance.
• Proven track record leading and motivating a pricing team, fostering a culture of energy, empowerment, creativity, teamwork, and strong coaching.
• Comprehensive understanding of the regulatory environment and the dynamics of large organisations in which AXA UK operates.
• Demonstrated resilience and ability to manage multiple priorities in a fast‑paced, demanding environment.
• Outstanding communication and influencing skills with strong stakeholder management; ability to build credibility, manage expectations, and resolve conflicts.
• Strong educational foundation in mathematics or statistics (2:1 or higher) and ideally actuarial qualification or progress toward qualification.
• Solution‑focused, data‑driven mindset with delivery focus; collaborative and able to translate analytics into actionable pricing decisions with cross‑functional partners (Distribution, Propositions, Finance, Compliance).

At AXA Health, we’re passionate about helping our members to put their health first, whether that’s individuals and families, small businesses, or huge corporates. From fast access to diagnosis and treatment, to guidance and tools that can help them manage their health every day, not just when there’s a problem, our members can be confident we’ll guide them every step of the way.

This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre‑employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.

What we offer:

• Competitive annual salary of up to £110,000
• Annual company & performance‑based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10× annual salary)
• Private medical cover
• 28 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Wellbeing services & resources
• AXA employee discounts