Pricing Manager (Retirement Income)

Just Group; Greater London; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Salary & pension

Life assurance

Private medical cover

Bonus scheme

Birthday leave

Headspace access

EAP

Job summary

Just Group is seeking a Pricing Manager (Retirement Income) in London (Hybrid) to manage and develop pricing for retirement income products. You will support the retirement income strategy, analyze competitor pricing, and propose pricing changes to maximize commercial outcomes.

Join Just Group’s Retail Retirement Actuarial and Reinsurance team to drive pricing initiatives, collaborate with stakeholders, and contribute to product development and market analysis in a fast-paced environment.

Qualifications

• Experience in UK retirement industry and knowledge of retirement income products.
• Pricing experience and commercial focus for annuity products.
• Actuarial models and interpreting results experience.
• Proven experience in retail retirement income market.
• Strong P&L management understanding and ability to act on metrics.
• Ability to work under pressure in a fast-paced environment.
• Highly numerate with strong analysis skills.
• Excellent verbal and written communication, and interpersonal skills.
• Ability to negotiate/influence stakeholders across levels.

Responsibilities

• Propose all pricing changes to retirement income products to stay competitive.
• Communicate and manage pricing proposals with stakeholders.
• Implement pricing changes in Just’s administration platforms.
• Own production of pricing management information for reporting.
• Contribute to development of the Just Retail business plan.
• Support pricing-related product development and market analysis.
• Lead pricing-related queries for retirement income pricing.
• Provide analytical support to the Income product team.
• Maintain understanding of retirement income market and competitors.

Skills

UK retirement industry

Pricing experience

Annuity pricing

Actuarial models

Retail retirement income

P&L management

Numeracy

Verbal & written comms

Stakeholder influence

Deadline-driven

Analytical thinking

Job description

Pricing Manager (Retirement Income) Location: London (Hybrid) Contract: Permanent Hours: Full time 35 hour

Are you looking to continue your career in Pricing and Propositions - if so we have an exciting role available here at Just Group This is a great opportunity to join our Retail Retirement Actuarial and Reinsurance team as a Pricing Manager, to provide ongoing management and continual development of new business pricing for the retirement income products provided by Just Group. This role will play a key part in supporting the delivery of our overall retirement income strategy, proposing all pricing changes and analysing competitor pricing strategies, trends and tactics in order to maximise our commercial offering.

About Just

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do. This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Key Responsibilities

• Accountable for proposing all pricing changes to retirement income products to ensure we remain competitive within all desired market segments and in line with business plan targets
• Communicate and manage relationships with key stakeholders in order to ensure that pricing proposals and strategy are clearly understood and implemented effectively
• Implement pricing changes into Just’s administration platforms, with communication to relevant stakeholders
• Own the production of all relevant pricing management information for internal and external reporting and developing this as required
• Contribute to development of the overall Just Retail business plan
• Support the development and implementation of new products and enhancements to income products through pricing and market analysis, in order to gain and maintain competitive advantage
• Support the delivery of change initiatives where relevant – utilise technology in order to deliver efficient and effective changes to models, tools and processes
• Act as the lead for all retirement income pricing related queries
• Provide analytical support to the Income product team
• Maintain a thorough understanding of the retirement income sector, the market environment and relative competitive positioning of the products

Skills and Experience

• Experience within the UK retirement industry along with an in depth knowledge of retirement income products, their mechanics and where sales and profit have been a key focus
• Experience in product pricing, as well as a proven understanding of the commerciality of annuity products
• Actuarial models and interpreting results experience
• Proven experience of working in the retail retirement income market
• Strong understanding of P&L management and ability to understand and be able to action changes to business plan metrics
• Ability to work under pressure, in a fast-moving environment, to tight deadlines
• Highly numerate with excellent analysis and problem resolution skills
• Excellent verbal, written communication and interpersonal skills, with the ability to present complex financial and product concepts in a clear and concise manner
• Ability to negotiate / influence key internal and external stakeholders across all levels

Our behaviours

At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.

What’s in it for you

• A competitive salary, pension scheme and life assurance
• 25 days annual leave plus an additional day on us for your birthday
• Private medical cover and income protection, just in case
• A generous and highly achievable bonus scheme
• Opportunities to progress your career in-role and within the company
• Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
• A variety of employee funded benefits available via our online benefits portal
• Plus, several additional purchase options available for you and your loved ones
• Explore our full range of benefits on our dedicated benefits page.

Belonging at Just

Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Be Bold. Be Brilliant. Be Just