Pricing Manager and Principle Pricing Analyst

Vermelo RPO; London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

A major insurance company is seeking dynamic individuals for Pricing Manager and Principal Pricing Analyst roles. These positions involve leading a team, developing pricing strategies, and collaborating with various stakeholders while working in a flexible hybrid environment. The company offers competitive benefits, including private healthcare and generous annual leave.

Benefits

Private medical healthcare plan

28 days annual leave plus bank holidays

Life assurance 4x annual salary

Vibrant, modern offices

Qualifications

• Experience managing pricing teams.
• Strong understanding of general insurance products.
• Proficiency in statistical and data science programming.

Responsibilities

• Mentor and lead a team of analysts.
• Provide strategic input into pricing solutions.
• Manage pricing processes effectively.

Skills

Mentoring

Commercial Acumen

Communication

Predictive Modelling

Statistical Programming

Education

Quantitative Degree (Mathematics, Statistics, Engineering, etc.)

Tools

WTW's Radar

Emblem

Earnix

Job description

Pricing Manager / Principal Pricing Analyst

Locations available: Peterborough, Manchester, Stoke-On-Trent, or London (flexible hybrid working)

We have offices based in the above locations; however, we are open to largely remote working with occasional travel to an office.

We are looking for talented individuals at multiple levels (Principal Analyst and Pricing Manager) to join a fast-paced, innovative environment and become leaders in the insurance industry.

Role purpose

Responsible for mentoring or leading a team of analysts to develop and deliver pricing solutions that support and influence the company's strategic goals.

This includes team leadership, strategic input, and process management. The role combines technical expertise with people management and cross-functional collaboration.

Key Responsibilities:

1. Provide strategic input into pricing solutions.
2. Manage pricing processes effectively.
3. Combine pricing expertise and commercial acumen to deliver outcomes that optimize the P&L.
4. Ensure all activities comply with pricing governance and established controls.
5. Collaborate closely with the Modelling & Optimisation Pricing Team to ensure pricing models and approaches meet business objectives.
6. Manage relationships with key stakeholders across the business.
7. Manage, mentor, and coach junior team members.

Key Skills, Knowledge, and Experience required:

• Experience mentoring or managing pricing teams.
• Experience managing general insurance products, including knowledge of current trends and issues.
• Strong commercial acumen.
• Excellent communication skills across various audiences.
• Experience with predictive modelling techniques.
• Proficiency in statistical and data science programming languages.
• Exposure to or expertise in WTW's Radar, Emblem, or Earnix software.
• A quantitative degree (Mathematics, Statistics, Engineering, Physics, Computer Science, Actuarial Science) or equivalent experience.
• Strong understanding of retail pricing optimisation and concepts (advantageous but not essential).

What we offer in return:

• A collaborative and fast-paced work environment.
• Private medical healthcare plan.
• 28 days annual leave plus bank holidays, with the option to buy additional leave.
• Life assurance 4x annual salary.
• Vibrant, modern offices.

About the business:

Markerstudy is a leading UK provider of private insurance, insuring around 5% of private cars, 20% of commercial vehicles, and over 30% of motorcycles, with total premiums of circa £1.2 billion. The company has a significant and growing direct presence in the market.

Having acquired and integrated Co-op Insurance Services in 2021, BGLi in 2022, and Atlanta in 2024, Markerstudy is pursuing innovative pricing techniques, leveraging an award-winning insurer-hosted rating platform, and challenging existing embedded processes.