Pricing Manager

Allianz UK; London; Hybrid; GBP 110,000 - 150,000; Full time

Job summary

A leading company in the insurance sector seeks a Pricing Manager to drive financial targets and manage a team within their Retail Pricing Portfolio. This role offers the opportunity to integrate AI models and enhances actuarial skills through extensive training programs. The successful candidate will enjoy flexible working options and a generous benefits package.

Benefits

Flexible buy/sell holiday options

Annual performance related bonus

Contributory pension scheme

Discount on insurance products

Retail discounts

Volunteering days

Qualifications

• Experience within pricing and delivering financial targets.
• Managing and mentoring junior team members.

Responsibilities

• Defining and delivering pricing analysis projects.
• Establishing a robust rate relativity review process.
• Deputising for the Head of Pricing.

Skills

Pricing portfolio expertise

Risk Premium models

Machine Learning exposure

Job description

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Role Description

Allianz Personal are looking for a Pricing Manager to join our Retail Team. We're seeking a true expert who will take the responsibility for delivering the financial targets of our Motor products.

Role Description

Allianz Personal are looking for a Pricing Manager to join our Retail Team. We're seeking a true expert who will take the responsibility for delivering the financial targets of our Motor products.

Based in our London office on a hybrid basis, you'll work closely with the wider Pricing team to help us shape the future path of Pricing by integrating our models into customer rating and accurately manage the insurance risk of the business we write.

The role sits within the Retail Pricing Portfolio team, and involves managing a team of analysts, as well as forming relationships across numerous teams and departments within both AZP and Allianz Group.

You'll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing-based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK.

Our team values continuous learning, you can enjoy free access to top training platforms like DataCamp, Databricks Academy, and LinkedIn Learning. Additionally, we host Lunch and Learn sessions on key business topics hosted by experts across the team and monthly insight sessions, including the Data Science Forum and analyst forum, to refine your technical skills.

About You

Your role will vary day to day, but here is a bit of what you can expect:

• Deputising for the relevant Head of Pricing, and contributing to the product underwriting strategy.
• Defining and delivering pricing analysis projects to improve underwriting performance whilst supporting GWP targets through competitive product/price positioning.
• Inputting into product development, by primarily identifying innovative underwriting segmentation improvements to support volume growth and profitability ambitions.
• Establishing a robust rate relativity review process to optimise the conversion and profitability of individual risk segments within the portfolio.
• Reviewing overall product and individual scheme profitability, providing necessary pricing input into the budget planning process for existing lines, and the evaluation of new schemes or partnership bids.
  
  

Essential Skills

• Solid pricing portfolio expertise with experience in challenging the status quo to introduce innovation
• Experience within pricing and delivering the financial targets using Risk Premium models from other teams, coupled with commercial awareness of the Motor market.
• Previous exposure to the use of Machine Learning models in an insurance setting.
• Experience of managing and mentoring junior team members, as well as being a role model.
  
  

Desirable Skills

• Ideally, you'll have previous experience with the Motor insurance product, however we'll consider candidates from other backgrounds such as Home or other types of Motor insurance.
  
  

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days
  
  

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Diversity & Inclusion

At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.

We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

[e-mail]

For any inquiries or to submit your application, please contact: Matthew Mckevitt

We reserve the right to close the advert early if we reach enough applications.

Closing date 21/05/25

Join us - Let’s Care for Tomorrow

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Marketing and Sales

• Industries

  Financial Services and Insurance

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