£70,000 - £80,000 dependent on experience

Pricing Manager

Salary £70,000 – 80,000 per annum dependent on experience

Hybrid – Home and Hub (London or Kent)

As our new Pricing Manager, you will be managing Saga’s risk pricing for your assigned insurance product to support the delivery of the insurance strategy, customer outcomes and contribution to the achievement of the overall P&L for Acromas Insurance Company Limited (AICL).

We are looking for an experienced technical pricing expert who has a proven track record of management, taking responsibility of the performance of the Home portfolio, and developing innovative solutions in order to continuously improve AICL’s risk pricing capabilities and generate value.

You will bring an understanding of the drivers of best-in-class risk pricing and commercial success in a Personal Lines insurance business and implement innovative and new approaches to grow the relevant book profitably.

You will be working closely with our Head of Home Pricing to strongly influence and shape the strategy and pricing policies to ensure loss ratio and policy volume targets are met over a 5-year horizon. Additionally, you will be work closely with the wider business to use your technical expertise to support key aspects of the Group’s strategy and company’s key shareholder objectives.

Role Responsibility

As our new Pricing Manager you will be responsible for managing the performance of the Home book to ensure that loss ratio and policy volume targets are met over the short-term and over a 5-year horizon.

Areas you will be accountable for include:

• Leading the development of innovative pricing models to ensure risk pricing is at market leading standard
• Developing new solutions, with a keen commercial focus, to expand the footprint, working closely with the underwriting, fraud, claims, finance, and retail pricing teams to generate and implement robust end-to-end proposals
• Being a data leader by extracting competitive advantage from Saga’s unique data assets and constantly seeking new 3rd  party data sources to generate value to risk pricing and the wider business
• Overseeing the scope, format, quantity, and frequency of management information production
• As the subject matter expert on Pricing, setting the best standards for pricing practices and being a role model to other managers, leads and analysts
• Solving complex issues, both within day-to-day work and as a consultant for other members of the team and department
• Maintaining a wide awareness of developments in the general insurance market and applying commercial awareness to understand emerging trends and take appropriate actions.
• Supporting the Head of Technical Pricing by strongly influencing and shaping the team’s priorities, resourcing, strategy, pricing policies and direction
• Building and managing a successful and dynamic team

The Ideal Candidate

You will be a pricing expert (preferably in Home) with experience in coaching or managing small teams. Whilst being a qualified actuary would be desirable, we are happy to consider part-qualified candidates or those who are not taking actuarial exams.

Skills we would look for in a Pricing Manager include:

• Detailed knowledge of General Insurance pricing processes and methodologies with specific experience in home pricing
• Mastery of risk price modelling with GLMs and/or machine learning.
• Strong numerical and statistical capabilities. 
• Excellent oral and written communication skills.
• Strong influencing and relationship management skills
• Possesses strong coaching abilities and actively motivates others to win.
• Proactive, enthusiastic, and self-motivated
• Strong organisational skills, e.g. time management, documentation etc.
• Viewed as a technical expert and a role model for analysts, leads and managers
• Knowledge of modelling software, such as Radar, Emblem, or similar systems.
• Experienced in some programming languages such as SQL, R and Python
• Understanding of regulatory requirements in relation to pricing

Package Description

Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that\'s why we have put together an amazing benefits package for all colleagues.

We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.

BENEFITS AVAILABLE TO ALL COLLEAGUES:

• Our working week is 35 hours per week, these can be worked flexibly to suit your working style
• 25 days holiday + bank holidays
• Option to purchase additional leave up to 5 extra days
• Pension scheme matched up to 10%
• Life assurance policy on joining us
• Wellbeing programme
• Colleague discounts including family discounts on cruises and holidays
• Range of reductions and offers from leading retailers, travel groups and entertainment companies
• Enhanced maternity and paternity leave
• Grandparents leave
• Company performance related annual bonus - Up to 5%
• Income protection
• Access to Saga Academy, our bespoke learning platform

About the CompanyOver the past 70 years we have become the UK\'s specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.​Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.Job Reference:saga/TP/56250/3102