Product Manager - Telematics

Somerset Bridge; Bristol; On-site; GBP 80,000 - 95,000; Full time

Job summary

A well-established insurance provider in Bristol seeks a Telematics Manager to drive insights from telematics data and enhance risk pricing models. This role requires a strong background in insurance pricing and stakeholder management, along with proficiency in SQL and Python. The position offers a dynamic work environment with a hybrid working arrangement and excellent benefits including generous leave policies and a discretionary bonus.

Benefits

25 days annual leave rising to 30 days

Discretionary annual bonus

Hybrid working model

Healthcare Cash Plan

Life Assurance

Qualifications

• Experience of insurance pricing required.
• Excellent stakeholder management skills necessary.
• Prior line management experience desirable.

Responsibilities

• Set and achieve target KPIs for product ownership.
• Maintain Loss Ratio KPIs for profitability.
• Collaborate with business areas for performance trials.

Skills

Insurance pricing

Software / coding experience (SQL, Python)

Stakeholder management

Trading management

Technical awareness of modelling

Education

Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or Economics

Further qualifications (Master’s, Project Management, etc.)

Tools

Databricks

Radar

Emblem

Job description

Telematics Manager

Department: [SBL] Retail Pricing

Employment Type: Permanent - Full Time

Location: Bristol

Reporting To: Gareth Davies

Compensation: Up to £95,000 / year

Description

We are recruiting for a Telematics Pricing Manager to own our telematics proposition, generating insight from telematics data and driving actionable insights that will improve accuracy of our risk pricing models. The role will be responsible for setting and achieving trading KPIs in line with business strategy whilst ensuring regulatory compliance. This is a pivotal role in the SBG growth strategy and product offering. You will take ownership of the product and ensure a customer centric approach to servicing our policies.

What you\'ll be responsible for:

• Product ownership, responsible for setting and achieving target KPIs.
• Maintaining Loss Ratio KPIs and ultimate loss ratio indication system to support profitability decisions.
• Developing value from telematics and customer engagement tools.
• Creation and maintenance of monitoring tools.
• Ensuring costs and income are accurately managed.
• Keeping track of market movements through market models, benchmarking and analysis.
• Collaborating with other areas of the business to put in place trials to assess performance of changes.
• Managing a team of Analysts to deliver against business and function objectives.
• Taking a customer focused approach to decision making.
• Development of a rewards strategy to reduce customer road risk.

What you\'ll need:

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, or a related field is desirable, or a non-related degree which covers modules in data/coding or programming, for example.
• Further qualifications are desirable (e.g. Master’s degree, Project Management qualification, IFoA, CII, etc.)
• Experience of insurance pricing.
• Software / coding experience e.g. SQL / Python.
• Trading management.
• Technical awareness of modelling.
• Excellent stakeholder management skills.
• Experience managing projects.
• Prior line management experience is desirable.
• Experience of Databricks / Radar / Emblem is desirable.
• Knowledge of insurance products, customer segments and market dynamics is desirable.
• Knowledge of telematics products, telemetry data and customer engagement analysis is desirable.

Our Benefits:

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day