Pricing Governance Manager

AXA; Wells; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a Pricing Governance Manager in Wells, England. This role is crucial for implementing pricing governance and ensuring compliance with regulations while achieving commercial goals. Candidates should have solid understanding of PMI products and excellent mathematical skills. The role offers hybrid work arrangements, competitive salary, and various employee benefits including a pension scheme and private medical cover.

Benefits

Competitive annual salary

Annual company & performance-based bonus

Contributory pension scheme

Life Assurance

Private medical cover

28 days annual leave plus Bank Holidays

Opportunity to buy or sell leave

Wellbeing services

Employee discounts

Qualifications

• Comprehensive understanding of the regulatory environment in which the business operates.
• Experience successfully managing multiple priorities.
• Self-motivated with a can-do attitude, valuing collaboration.

Responsibilities

• Implement pricing governance strategy to achieve commercial objectives.
• Maintain key pricing policy and philosophy documents.
• Provide support to pricing proposals to ensure adherence to policies.
• Keep updated on legal, regulatory, compliance requirements.
• Coordinate Model Governance Committee and Pricing & Underwriting Committee.

Skills

Understanding of PMI products

Excellent mathematical skills

Solution focused

Ability to grasp technical concepts

Demonstrable resilience

Job description

We're making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market‑leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.

We're looking for a Pricing Governance Manager to join us. Reporting into the Head of Pricing Governance and Controls, you'll ensure effective pricing governance for AXA Health, implementing positive, balanced and effective pricing risk control, with a strong focus on achieving good customer outcomes whilst enabling AXA Health to meet commercial targets. This role is key in understanding regulatory requirements relating to pricing and owning key pricing documentation, whilst working with the Pricing team to ensure policies are appropriate and adhered to.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.

What you'll be doing:

• Implementing pricing governance strategy and approach, ensuring a balanced approach to enable AXA Health to achieve commercial objectives whilst generating positive customer outcomes.
• Owning and maintaining key pricing policy and philosophy documents, including fair pricing policy, updating and gaining sign‑off as appropriate.
• Providing effective support and challenge to pricing proposals as they are being developed to ensure Pricing team adhere to relevant policies.
• Proactively being aware of existing and upcoming legal, regulatory, compliance, and other internal business requirements, recommending appropriate new governance and controls.
• Ensuring accurate and timely reporting is completed to assess adherence to policies and policies, providing summary for Pricing Oversight Committee.
• Maintaining pricing risks and controls on Scala, ensuring they are up to date and accurate, reporting on effectiveness and highlighting gaps and additional controls needed.
• Coordinating Model Governance Committee and Pricing & Underwriting Committee to enable agile decision‑making whilst controlling pricing risk.
• Ensuring actions from audits, technical reviews, PAPs, incidents are captured and work with action owners, Risk and Compliance to ensure completion.

What you'll bring:

• Understanding of PMI products and personal lines pricing approaches and systems.
• Comprehensive understanding of the regulatory environment in which the business operates and understanding of the dynamics of large organisations.
• Demonstrable resilience and experience of successfully managing multiple priorities.
• Ability to grasp and explain a range of technical concepts to all business stakeholders.
• Excellent mathematical skills.
• Solution focused, with a strong focus on delivery, and desire for continuous improvement.
• Self‑motivated with a can‑do attitude, valuing the contribution of others and understanding the need for collaboration.

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 dependent on experience
• 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

To apply, click on the 'apply for this job' button, you'll then need to log in or create a profile to submit your CV. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long‑term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to saraya.cussons@axa‑uk.co.uk.

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Who we are:

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.