Pricing Systems Architect

16 hours ago


Bournemouth, Bournemouth, United Kingdom Vitality Corporate Services Limited Full time
Job Overview

We are seeking an experienced Pricing Systems Architect to join our team at Vitality Corporate Services Limited. As a key member of the Pricing & Underwriting Governance Team, you will play a crucial role in delivering key pricing changes and turning new innovative pricing strategies into workable solutions across our specialized pricing systems.

The ideal candidate will have experience in implementing pricing reviews and building new pricing factors in an insurance pricing system, as well as advanced skills in Microsoft Excel, including macros and complex formulas. Excellent interpersonal, communication, and influencing skills are also essential for this role.

The estimated salary for this position is £55,000 - £65,000 per annum, depending on experience. We offer a range of benefits, including bonus schemes, pension matching, award-winning health insurance, and life assurance.

About The Role

  • Implement Individual, Small Group, and Large Corporate UK PMI rate reviews and new pricing factors.
  • Understand the practical implications of new pricing strategies and proactively feed these into pricing recommendations.
  • Deliver all pricing changes as required by Market Pricing, Technical Pricing, and the VitalityHealth Change Programme, including annual new product launch.
  • Maintain existing quoting tools in Microsoft Excel.
  • Act as a point of contact for users of system and Excel Quote Tools, supporting them to help resolve issues and errors.
  • Test and implement improvements and fixes to the existing quoting system and tools.
  • Work with IT architects and technology partners to implement new versions of our pricing engine.

What You Need to Thrive

  • Good knowledge of Maths / Statistics.
  • Experience of implementing pricing reviews and building new pricing factors in an insurance pricing system.
  • Experienced in the use of Microsoft Excel at an Advanced level (including macros and complex formulas).
  • Knowledge of the UK health insurance market or relevant transferable skills and knowledge from other financial services industries such as Life insurance or general insurance.
  • Excellent interpersonal, communication, and influencing skills.
  • High level of attention to detail.
  • Ability to understand and apply commercial principles.
  • Ability to translate customer requirements into solutions.

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