Senior Pricing Manager

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Job Details - Senior Pricing Manager

Pricing teams at Hastings are responsible for developing and delivering Hastings' pricing strategies across two key areas:

1. Retail Pricing focuses on developing the street pricing strategy to drive commercial performance while ensuring fair customer outcomes.
2. Risk Pricing focuses on technical pricing and ensuring adequate prices are charged. It analyses risk factors and builds risk models to calculate risk-based prices and loadings that accurately reflect the underlying risk exposure.

Senior Pricing Managers are key members of pricing leadership. They lead the pricing managers, analysts and data scientists ensuring smooth delivery of pricing processes and initiatives, while helping set the overall strategic agenda in collaboration with senior stakeholders.

Accountabilities

1. Setting the overall direction for pricing, planning workstreams, managing priorities.
2. Building relationships with stakeholders to align pricing capabilities with business objectives.
3. Leading enhancements to pricing models, rating algorithms and/or optimisation.
4. Reviewing all pricing outputs and loadings to ensure standards are met.
5. Staying current on industry trends to guide the pricing strategy.
6. Ensuring regulatory compliance and treating customers fairly.
7. Fostering a culture that balances commercial versus risk management principles.
8. Conducting in-depth analyses of pricing dynamics, customer mix, and behaviour patterns to identify opportunities.
9. Collaborating with cross-functional teams, including underwriting, retail pricing, telematics, fraud and the experimental pricing.
10. Communicating complex pricing insights and recommendations to senior leadership, supporting strategic decision-making processes.
11. Mentoring and developing the pricing team, ensuring continuous learning and upskilling in data analysis and pricing methodologies.

To achieve this you will need to:

1. Be a fast learner to understand our business, its value drivers and the wider industry context.
2. Have a customer focus to both spot profit opportunities and do the right thing.
3. Think strategically about driving the business forward with data-led insight and approaches.
4. Embrace flexibility to adapt to changing priorities and get the best out of a diverse team.

Skills we would love you to have

1. Degree in a numerical discipline (e.g. mathematics, sciences, engineering, computing).
2. Experience managing a pricing or analytical team.
3. Strong stakeholder management experience within a fast-paced environment.
4. Great communication skills with the ability to flex between technical and non-technical.
5. SQL and experience working with large or complex datasets.
6. R/Python/Matlab or coding statistical methods in other languages.
7. Knowledge of statistical and/or machine learning modelling techniques.
8. Insurance industry experience or actuarial qualification.
9. Experience with Radar, Earnix or other specialist pricing software.
10. Familiarity with deploying code and models into production environments.
11. Working in a regulated industry and familiarity with governance processes.

What we offer

Join us and you'll find a different way of doing things. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you'll be helping to drive our growth, so in return, we'll give you all the support, training and development you need.

Reward

1. Salary - Attractive salary based on experience + car allowance.
2. Flexible Working - We champion a flexible and hybrid working approach.
3. Competitive Bonus Scheme - All colleagues are eligible for our annual 4Cs performance bonus.
4. Physical Wellbeing - Hastings pays for private medical Insurance (PMI).
5. Financial Wellbeing - Includes life assurance cover, income protection, pension contribution match up to 10%, and an award-winning package.
6. Mental Wellbeing programme - Support for mental health through various programs.
7. There's more! - 27 days annual leave + bank holidays, with options to buy or sell leave, and access to various health and wellness programs.

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.

At Hastings Direct, we're committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, or throughout your journey with us at Hastings, we encourage you to be open with us.