MARKET PRICING MANAGER | 30004

The Emerald Group Ltd, Search and Selection; Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

The Emerald Group Ltd is recruiting a Pricing Manager to lead pricing strategy within their insurance pricing team in Greater London. You will deputise for the Head of Pricing and drive development of pricing models, demand elasticity, and optimisation framework.

You'll apply advanced analytics, Python, SQL, Earnix or Radar to monitor market trends, benchmark competitors, and present rate recommendations to senior stakeholders. Line management for one pricing analyst is included.

Qualifications

• Pricing-focused degree with quantitative coursework.
• Experience in pricing or analytics in insurance.
• Knowledge of machine learning techniques.

Responsibilities

• Deliver pricing strategy and lead pricing team
• Own market pricing activities and pricing models
• Develop lifetime value modelling and price optimisation
• Monitor market trends and competitor benchmarking
• Present rate recommendations to stakeholders
• Support pricing analyst and act as pricing rep in meetings

Skills

Pricing strategy

Leadership

Pricing analytics

Quantitative modeling

Communication

Python

SQL

Machine Learning

Education

Degree in Mathematics or related field

Tools

Earnix

Radar

Python

SQL

Job description

Overview

Key responsibilities including but not limited to:

• Work closely with their Head of Pricing to deliver pricing strategy, deputising where needed
• Lead the development and refinement of pricing strategy in collaboration with the Head of Pricing, providing leadership and guidance to the pricing team
• Own market pricing activities including development of their demand, elasticity, and market pricing models and own and develop their pricing optimisation framework
• Providing inputs into the management and development of their lifetime value modelling and multi-year price optimisation models and strategic approach
• Monitor market trends and extract insight on competitor benchmarking to make rate recommendations
• Build a strong relationship with marketing and keep the business informed of their competitive position and conversion performance in their trading meetings
• Support the Head of Pricing as needed to act as pricing representative in trading meetings to put forth pricing viewpoints on trading performance and upcoming changes
• You’ll communicate results effectively to realise business gains from valuable insight and present rate recommendations to senior stakeholders, external parties, and pricing committees
• Support and peer review analysts with line management responsibility for one pricing analyst

Qualifications Required

• Ideally, you’ll already be a Pricing Manager or experienced senior analyst with technical pricing skills looking to step up
• Owing to the nature of the role, they will need you to have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related degree, with a minimum of a 2:1 classification

Experience Required

• You have strong commercial experience in a pricing role, preferably direct or aggregator-led personal lines insurance
• You’ll be an expert in predictive modelling and price optimisation with exposure to the latest emerging techniques in these domains such as machine learning and AI
• You’re up to date with technical developments in the insurance industry and best practice in actuarial methods
• You’re a confident user of pricing tools, systems, and languages such as Python, SQL, Earnix, Radar or similar