Risk Pricing Modelling Manager
Job Title: Risk Pricing Modelling Manager
Location: West-Midlands (1 day per week), can be remote if needed
Remuneration: £80,000 - £100,000 per annum + 20% bonus
Contract Details: Permanent, Full Time
Responsibilities:
- Develop, recommend, and manage risk pricing for Personal Motor products, optimising premium strength and providing insights into cost inflation drivers.
- Collaborate with stakeholders throughout the organisation to lead pricing activities, including large-scale price builds, claims projections, and costing product changes and propositions.
- Conduct technical assessments to inform sound judgements and support informed business decisions.
- Manage a small team of 6 Analysts and Lead Analysts, supporting their development and influencing their working methods.
- Demonstrate expertise in understanding and predicting claims inflation, monitoring the adequacy of pricing assumptions, and analysing complex data to provide commercially sound recommendations.
- Build strong relationships with stakeholders and exhibit excellent project management skills.
- Simplify complex concepts for others, ensuring effective communication and understanding.
- Review quality models, interpret model outcomes, assess external market drivers, and secure agreements for product price strategies through formal governance.
About the Role:
Join our well-established Pricing Department, dedicated to fair and accurate customer pricing. As a Risk Modelling Manager, you'll have the opportunity to advance your career in a role that combines technical leadership with people management, shaping pricing strategies and influencing the team's working methods from day one.
About You:
We are seeking a knowledgeable and dynamic insurance pricing professional with a background in technical pricing roles, preferably with experience in Personal Motor products. Strong experience within the general insurance sector, specifically the UK market, is essential. While prior knowledge of Risk Pricing is preferred, professionals with expertise in related areas such as Reserving or Capital Modelling will also be considered. You should demonstrate a deep understanding of claims inflation, pricing assumptions, and the ability to analyse complex data to provide valuable recommendations. Additionally, you should possess strong relationship-building, stakeholder management, and project management skills. The ability to simplify complex concepts for others is crucial.
Join our inclusive and supportive team dedicated to providing fair pricing for our members. Apply today to take your risk modelling and management career to the next level!
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