Pricing Transformation Lead

Markel International Services Ltd; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading specialty insurer in the UK seeks a Senior Leader for their Pricing Transformation function. This role involves driving strategic change across pricing, underwriting, and model development. Ideal candidates will have strong technical pricing skills, a consulting mindset, and proven leadership in transformation initiatives. Responsibilities include leading projects, mentoring junior staff, and collaborating across teams. The position offers a competitive salary, annual bonus, and a robust benefits package including a company pension scheme, medical cover, and opportunities for career advancement.

Benefits

Annual bonus

Strong benefits package

Company pension scheme

Private medical cover

Flexible working patterns

Qualifications

• Experienced in insurance pricing development, ideally with an actuarial background.
• Ability to diagnose, design, and deliver change across functions.
• Proven leadership in complex environments.

Responsibilities

• Lead design and delivery of pricing transformation initiatives.
• Drive technical pricing development.
• Collaborate with underwriting teams.
• Identify operational bottlenecks and design scalable solutions.
• Mentor junior analysts and developers.
• Represent the Pricing Transformation function in discussions.

Skills

Strong technical pricing

Consulting mindset

Deep understanding of underwriting workflows

Proven ability to lead transformation initiatives

Excellent communication skills

Experience in mentoring and developing junior talent

Strategic thinker

Tools

Excel

Python

Job description

A senior leadership role embedded within the Pricing Transformation function, responsible for driving strategic and technical change across pricing, underwriting, and model development. This is not a traditional actuarial or consulting role – it combines deep technical expertise with transformation delivery, stakeholder engagement, and team enablement.

You will shape the future of pricing in General Insurance through innovation and transformation, solve complex problems with high-impact, low-effort solutions that directly influence underwriting and portfolio performance and act as a senior decision-maker, partnering with leadership to define and deliver change. The role will work across disciplines – actuarial, underwriting, and development to embed best practice and accelerate delivery.

We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further

Who we are :

Business Unit overview :

The International Portfolio Analytics (IPA) team at Markel is a dynamic, multi-functional group that operates with creativity, autonomy, and empowerment. Embedded within the underwriting business and represented in senior leadership forums, the team supports all divisions of Markel International. Its core focus lies in the key areas essential to driving profitability and performance for a specialty lines insurer: Portfolio Management, Pricing Transformation, Advanced Analytics, and Catastrophe & Exposure Management.

Part of Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

What you’ll be doing :

• Lead the design and delivery of pricing transformation initiatives, including innovation of models in Excel and Python, and underwriting engagement
• Own and drive technical pricing development, including recalibration, rate adequacy, and feature expansion
• Collaborate with underwriting teams to build credibility and deliver impactful change
• Identify operational and technical bottlenecks, and design solutions that scale
• Mentor junior analysts and developers, embedding best practice and accelerating capability
• Represent the Pricing Transformation function in cross-functional forums and leadership discussions

Key Skills :

• Strong technical pricing, ideally with an actuarial background and experience with insurance pricing development
• Consulting mindset – able to diagnose, design, and deliver change across functions
• Deep understanding of underwriting workflows and how pricing impacts decision-making
• Proven ability to lead transformation initiatives in complex environments
• Comfortable working with developers, actuaries, and analysts to translate strategy into delivery
• Excellent communication and stakeholder engagement skills – able to build trust and influence across levels
• Experience in mentoring and developing junior talent
• Strategic thinker with a bias for action and practical delivery

What’s in it for you?

• A great starting salary plus annual bonus & strong benefits package…
• Up to 16% company pension scheme,
• Private medical and dental cover, Menopause plan, emergency care benefit (children / Pets / dependants)
• Income protection, Life assurance, electric car scheme, travel insurance
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy / sell extra leave
• As well as other great benefits on offer there are countless opportunities to learn new skills and develop in your career!

Are you ready to play your part?

If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward, reach their full potential and seize opportunities. You’ll find your fit amongst our diverse global community of optimists and problem-solvers. We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs.

Join us and play your part in something special!

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

At Markel we are all about the people , celebrating the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We will ensure that individuals are provided with any reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at or call us at 0161 507 5827 to request any accommodations or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.