Technical Pricing Manager

JR United Kingdom; Peterborough; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the insurance sector seeks a Technical Pricing Manager to enhance pricing strategies using innovative modelling techniques. This role involves developing and optimising pricing models, leveraging data science, and guiding junior team members, contributing directly to the commercial performance of the business. The ideal candidate will hold an analytical degree and possess experience in pricing or actuarial roles, along with proficiency in machine learning methodologies.

Qualifications

• Highly numerate with a graduate or postgraduate degree in Statistics, Mathematics or another analytical subject.
• Experience in a pricing or actuarial role within general insurance.
• Experience using and implementing advanced machine learning methods.
• Able to communicate complicated statistical concepts to an informed but non-technical audience.

Responsibilities

• End to end production of pricing models using a tailor-made pricing pipeline.
• Use of Earnix to build predictive statistical models and intelligently optimise customer prices.
• Contribute and implement improvements to the pricing process to increase pricing performance and efficiency.
• Contribute and lead research and development opportunities to help innovate and improve current modelling and pricing methodologies.
• Evaluate and utilise tools and data items created by the data science teams.

Skills

Statistical analysis

Pricing optimization tools (Earnix/Radar)

Machine learning

R

Python

Education

Graduate or postgraduate degree in Statistics, Mathematics or analytical subject

Job description

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Location: Ideally working from our Peterborough office one day a week, however, depending on location we can look at a flexible approach with this.

We are looking for a Technical Pricing Manager to generate incremental lifetime value of our portfolio through the delivery and development of retail pricing models and optimisations using innovative and cutting-edge modelling approaches.

You will help continuously improve the pricing process and enhance the abilities of the wider team, as well as being involved with integrating and establishing the use of advanced data science and statistical techniques to enhance pricing model accuracy and output.

Key Responsibilities

• End to end production of pricing models using a tailor-made pricing pipeline
• Use of Earnix to build predictive statistical models and intelligently optimise customer prices
• Contribute and implement improvements to the pricing process to increase pricing performance and efficiency
• Contribute and lead research and development opportunities to help innovate and improve current modelling and pricing methodologies
• Evaluate and utilise tools and data items created by the data science teams
• Ensure all activity is compliant with pricing governance and follows established controls
• Work closely with the Commercial Pricing Team to ensure pricing models meet business objectives, and manage relationships with key stakeholders around the business
• Manage, mentor and coach more junior members of the team

About you:

• Highly numerate with a graduate or postgraduate degree in Statistics, Mathematics or another analytical subject
• Experience in a pricing or actuarial role within general insurance
• Experience with price optimisation tools (Earnix/Radar)
• Experience using and implementing advanced machine learning methods
• Able to communicate complicated statistical concepts to an informed but non-technical audience
• Experience with using software packages such as R or Python to solve problems
• Proven ability to deliver commercial value through pricing insight
• Proven ability to provide commercial uplift from research and development projects