Head of Pricing Strategy

1 month ago

Haywards Heath, West Sussex, United Kingdom Vermelo RPO Full time
Job Title: Head of Retail Pricing

Locations: Haywards Heath or Manchester (Hybrid)

Role Overview

Vermelo RPO is seeking a seasoned Head of Retail Pricing to lead our pricing strategy and drive business growth. As a key member of our team, you will be responsible for developing and implementing pricing strategies that align with our business objectives.

We are a leading provider of private insurance in the UK, insuring a significant portion of the private cars on the UK roads. Our team is building a market-leading pricing environment, integrating AI, machine learning, and distributed computing into our underwriting, pricing, and product management processes.

Key Responsibilities:
  1. Lead the retail pricing team to deliver pricing that aligns with our business strategy and risk appetite.
  2. Collaborate with underwriting, risk pricing, and data science teams to deliver rates that meet our business objectives.
  3. Own the behavioural modelling, scenario testing, and price optimisation environment.
  4. Monitor trading and the quality of retail modelling.
  5. Engage with underwriting and deliver scenario testing analysis.
  6. Collaborate with underwriting, risk pricing, and data science teams to deliver pricing outcomes as one team.
  7. Own the retail pricing policy and best-practice standards, ensuring accurate and compliant rates.
  8. Leverage machine learning and distributed computing platforms to guide the team in delivering efficient and robust outcomes.
  9. Stay abreast of market conditions, emerging issues, and the regulatory environment.
  10. Research and leverage new and existing internal and/or external data sources.
  11. Engage with Markerstudy Distribution to ensure alignment of end-to-end pricing and help support best practice across the group.
  12. Engage with executive management around the activities and outputs of the team and help define the overall pricing strategy.
  13. Link-in with the data and machine learning team and help drive forward the industrialisation of data, reporting, and modelling.

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