Pricing Manager - Household Customer Pricing and Implementation, Open to flexibility

Leeds, West Yorkshire
£53,000 - £77,300 per annum + 4% Flex, Car
11 Sep 2018
25 Sep 2018
Lloyds Banking Group
Contract Type

Pricing Manager - Household Customer Pricing and Implementation, Open to flexibility

At Lloyds Banking Group, our Insurance business is one of the largest in the UK. We have a strong heritage, helping approximately six million customers every day with their diverse and critical needs including life insurance, pensions, investments and general insurance (home, car, travel). Our aim is to put customers at the heart of everything we do.

This role offers a superb opportunity to become part of our Household Customer Pricing and Implementation team, working with multiple brands and channels in a highly dynamic and challenging environment.

The core purpose of the Pricing Manager position is to develop and deliver the new business customer pricing strategy through ownership of the end to end pricing process, ensuring that our technical capabilities are continuously reviewed and refined and are at the forefront of market developments

You will need to demonstrate a detailed knowledge of statistical methodologies and pricing techniques, honed through significant experience of scoping, evaluating and delivering multiple pricing structures.

There will be frequent contact with internal stakeholders from General Insurance and across the wider Insurance Division so, in addition to your knowledge of statistical and pricing techniques, you'll need to have strong communication skills.

You'll lead a team of analysts, helping them to achieve their objectives and those of the LBG GI business. You'll share your technical expertise with the team and provide coaching in personal skills that will help with these colleagues' - and your own - development.

You'll be responsible for managing the team's deliverables, ensuring timeliness, accuracy and quality, such as:

  • Ensuring new business pricing structures are built on sound business models, which adhere to model development and peer review standards
  • Proactively managing the ongoing statistical/actuarial analysis of the commercial performance of LBG GI Household new business pricing models

You'll need to maintain an in-depth level of technical knowledge of general insurance products, market, regulatory and professional developments and market trends. Your expert knowledge will help you to propose, evaluate and present future pricing strategies to senior management. After winning approval and buy-in, you'll then be responsible for driving them through to implementation while respecting and embedding good governance around pricing.

To be successful in this position, you'll need to have a significant level of General Insurance Pricing experience and hold a FIA, FFA or ACII qualification, or be progressing towards another relevant professional qualification.

You'll need an excellent knowledge of statistical analysis tools and techniques e.g. Access, SAS, Microsoft Excel (including Visual Basic), Generalised Linear Modelling and high levels of attention to detail and accuracy demonstrated in a technical area. You'll have a knowledge and understanding of UK insurance regulations and be up to date on new developments.

You'll be self-motivated to achieve personal goals and to motivate the team in the achievement of business objectives, creating a team culture of high performance and technical excellence. You'll have experience of coordinating and delivering work as part of a team and a flexible management style appropriate for professional colleagues.

You'll have excellent communication and negotiating skills, with a particular emphasis on report writing, and be able to engage and persuade the business of the importance of the pricing perspective in key projects.

In addition to managing the team's current performance and deliverables, you'll also need to be able to look beyond the horizon of existing projects to identify future opportunities and challenges, keeping in mind our aim of growing our business while keeping customers and their needs at the heart of what we do.

In return we offer a great opportunity to be part of a dynamic team with prospects to really develop your capabilities and career. Whatever your aspiration, you can also expect excellent benefits, personal development and a career that's enriching and full of opportunity. join us and you'll be part of an organisation that values your contribution and empowers you to make a difference.

Together we make it possible.