Pricing Manager

3 weeks ago

Fleet Hampshire, United Kingdom RVU Full time

Full time - Hybrid

Fleet, Hampshire

About Tempcover

At RVU we combine the close-knit and agile environment of a startup, with the know-how, technology and backing of a well-established company.

Our mission is to empower people to make confident decisions. With our unique set of brands, including Uswitch, Confused.com, Tempcover, and Money.co.uk, we have the power to reach millions of consumers and the technology to deliver a world class online experience for them. We’re proud to be recruiting a VP of Engineering for our Tempcover brand, who are based in Fleet, Hampshire.

From originators to innovators, we’ve evolved our business for 15 years and our industry with pioneering ideas that remove the frustration of traditional insurance and put drivers in control of their insurance. Our mission is to make insurance flexible, quick, and easy for drivers and so far, we’ve sold over five million policies that have helped drivers get where they need to go, but we’re not finished there. We’re growing our team to help us continue on that mission.

Job Overview

The core responsibilities will be the generation, maintenance and development of optimised pricing models and monitoring pricing performance with a view to identifying value-add opportunities. A key element of the pricing models are the underlying statistical models that should accurately reflect customer behaviour (using market best practice techniques) and feed the price optimisation, built with Willis Towers Watson software (Emblem and Radar). These will need to be refreshed in a timely manner, with a focus on developing them further. Once live, the commercial and customer outcomes will need to be closely monitored, intervening when necessary to improve Tempcover’s trading performance. Pricing is a key contributor to the company’s profitability, so success in this area has a significant benefit to Tempcover’s P&L.

Responsibilities and Duties

  • Refresh pricing models, including refreshing and rebuilding statistical components, updating financial assumptions, maintaining optimisation constraints and setting the objective function in line with business objectives
  • Interpret the refreshed optimisation, identifying and understanding changes
  • Monitor performance of pricing models, in terms of accuracy, and commercial and customer outcomes, highlighting improvement areas and opportunities where necessary
  • Support the identification of model improvements and lead on their implementation
  • Strict adherence to pre- and post-implementation processes
  • Effectively communicate (written and spoken) with stakeholders

Qualifications

  • A numerate degree, preferably with a strong focus on Statistics, OR demonstrable experience of using Statistical modelling to achieve a business goal
  • Demonstrable experience of price optimisation software (e.g. Radar, Earnix) is desirable
  • Demonstrable experience of coding (e.g. SQL Server, R) to manipulate datasets is desirable
  • Attention to detail and the drive to develop are essential skills for this role

Our commitment to you:

At RVU, we are dedicated to developing valuable, inclusive, and user-friendly products and services for all. To achieve this it’s essential that our teams reflect the diverse range of people in our community. We believe in being the change we wish to see in the world, by embracing our differences and holding ourselves accountable to being open and inclusive teammates and wider community members.

We want to give you a great work environment. We want to contribute to both your personal and professional development and give you great benefits to make your time at Tempcover even more enjoyable.

Some of these benefits include:

• Discretionary bonus based on personal and business performance

• Annual leave of 25 days plus holiday purchase scheme

• Group pension scheme with 5% employer pension contribution

• Private Healthcare

• Group Life Assurance

• Employee Benefit Scheme that offers perks and discounts with major retailers.

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