Pricing Manager

Hastings Direct; London; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

An established industry player seeks a Pricing Manager to lead market pricing strategies and drive commercial performance. This role involves deep analysis of competitor pricing and market dynamics, utilizing advanced data science techniques to inform pricing decisions. You will collaborate with cross-functional teams to ensure alignment with business objectives while fostering a culture of fairness and compliance. Join a dynamic team in a flexible hybrid working environment, where your contributions will help shape the future of insurance in the UK. If you're passionate about data and pricing strategies, this opportunity is perfect for you.

Benefits

Flexible working

Competitive bonus scheme

Private medical insurance

Life assurance cover

Income protection

Matched pension contributions

Mental wellbeing programme

27 days annual leave

Qualifications

• Degree in mathematics, sciences, or economics required.
• Experience in pricing or analytical roles is essential.

Responsibilities

• Develop and deliver market pricing strategies to drive performance.
• Conduct market analysis and manage pricing models.

Skills

Analytical Skills

SQL

R/Python/Matlab

Mentoring and Training

Market Analysis

Education

Degree in a numerical discipline

Tools

Radar

Earnix

Job description

Job Title: Pricing Manager

Location: Hybrid/Onsite

Welcome to Hastings Direct

We’re a digital insurance provider with ambitious plans to become The Best and Biggest in the UK market. We’ve made huge investments in our data and tech capabilities over the past few years, along with nurturing our 4Cs culture. We’re proud of the journey we’re on as a company and know that our continued success will rely on the contribution of our talented colleagues.

We provide insurance for over three million customers, but we know there’s even bigger opportunity out there. The fact you’re now reading this job advert means we’ve tempted you to find out more about #lifeatHD – we really hope you like what you see, and you’ll join us to share in the success of the exciting chapter that lies ahead.

Role Overview

Market Pricing is responsible for developing and delivering Hastings’ market pricing strategy, which drives commercial performance while ensuring fair customer outcomes. Our team is dedicated to maintaining a competitive edge by deeply understanding competitor behaviours and market dynamics. We leverage data to predict insurer activities, price changes, and market volatility at a granular level. By traditional analytics and advanced data science techniques, we anticipate pricing trends and inform long-term strategies. We are committed to continuously monitoring and understanding the frequency of price changes in the market.

Key Responsibilities:

• Completing deep dive investigations into competitor pricing, using that insight to anticipate their future strategies and inform and optimize Hastings’ pricing.
• Managing the development of our market models and regular insights reporting.
• Reviewing the data, analytical, and modeling outputs of your team to ensure our standards are met; rolling your sleeves up and diving into the code when needed.
• Conducting market analysis to benchmark our pricing strategies against competitors and identify opportunities for improvement.
• Developing and implementing pricing strategies that respond to market trends and competitor actions.
• Collaborating with cross-functional teams to ensure pricing strategies align with overall business objectives.
• Keeping up to date with the latest thinking and developments in the business, the price comparison market, and the wider insurance industry; coming up with new ideas for test & learn, to inform and evolve our market pricing strategy.
• Fostering a culture of treating customers fairly, ensuring we follow internal governance processes and adhere to regulatory requirements.
• Managing and developing the team including Analysts and Data Scientists.

Essential Skills:

• Degree in a numerical discipline (e.g., mathematics, sciences, economics).
• Experience working in a pricing or commercially focused analytical role.
• SQL and experience working with large or complex datasets.
• R/Python/Matlab or coding statistical methods in other languages.
• Mentoring, training, or project-based management of junior colleagues.

Desirable Skills:

• Insurance industry experience or actuarial qualification (not essential).
• Experience with Radar, Earnix, or other specialist pricing software.
• Familiarity with deploying code and models into production environments.
• Working in a regulated industry and familiarity with governance processes.

The Interview Process:

Our interview process involves the below:

• Recruiter screening call
• 1st stage interview with hiring leader
• 2nd interview with hiring leaders Panel format

As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive. We also welcome applications through the Disability Confident Scheme (DCS). For more information on the DCS, please visit our inclusive business page on our careers website.

Benefits: in addition to a competitive salary and £5k car allowance you will also receive:

• Flexible working – we champion a flexible hybrid working approach.
• Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus.
• Physical wellbeing – Hastings pays for private medical insurance (PMI).
• Financial wellbeing – providing life assurance cover, income protection, and matched pension contributions up to 10%.
• Mental wellbeing programme – access to mental health resources and support.
• Additional Benefits: 27 days annual leave + bank holidays, with options to buy or sell leave, and more.

Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company, and community.

At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us.

Job posting end date: 30/04/2025