Head of Market Pricing
Description
We're making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market-leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.
Here at AXA UK, we have an excellent opportunity for a capable Individual Pricing manager to join AXA Health's Pricing Team. You'll implement the retail pricing strategy for the Individual PMI and non-PMI portfolio, leading the team to continually refine retail pricing models and fine tune optimisation of Individual rates in the market to strike the required balance between volume and value.
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.
What you'll be doing:
• Leading the Individual PMI pricing strategy for AXA UK, ensuring alignment with commercial objectives and guiding the design, prioritisation, and continual refinement of optimisation and rating models.
• Reviewing and challenging behavioural, demand, and market models to ensure robustness, regulatory compliance, and ongoing value enhancement.
• Overseeing model performance monitoring to prioritise reviews and enable agile interim rating changes during model assessments.
• Pricing legacy Individual PMI and non-PMI portfolios, driving sophistication and cadence improvements prior to migration.
• Validating the LTV projection framework, ensuring robustness of assumptions and timely reviews.
• Embedding fair value principles in pricing decisions in line with the fair pricing policy and conduct expectations.
• Maintaining governance and audit readiness through documentation and validation of pricing assumptions/outputs; develop data-driven monitoring for pricing changes.
• Leading, coaching and developing pricing analysts; build actuarial, data science, and commercial capabilities; represent pricing in trading, product, and governance forums, collaborating with Distribution, Propositions, Finance, Medical Underwriting, and Compliance.
Due to the number of applications, we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we're able to effectively manage interest. Therefore, if you're interested in joining us at AXA, please don't hesitate to apply.
What you'll bring:
• Expert knowledge of retail pricing data and modelling in insurance for AXA UK, including GLMs and machine learning (GBMs), with hands-on Radar pricing software experience.
• Deep expertise in price optimisation, reserving, and P&L dynamics to drive commercial outcomes and financial performance.
• Proven track record leading and motivating a pricing team, fostering a culture of energy, empowerment, creativity, teamwork, and strong coaching.
• Comprehensive understanding of the regulatory environment and the dynamics of large organisations in which AXA UK operates.
• Demonstrated resilience and ability to manage multiple priorities in a fast-paced, demanding environment.
• Outstanding communication and influencing skills with strong stakeholder management; ability to build credibility, manage expectations, and resolve conflicts.
• Strong educational foundation in mathematics or statistics (2:1 or higher) and ideally actuarial qualification or progress toward qualification.
• Solution-focused, data-driven mindset with delivery focus; collaborative and able to translate analytics into actionable pricing decisions with cross-functional partners (Distribution, Propositions, Finance, Compliance).
This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre-employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.
What we offer:
At AXA UK, we're appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:
• Competitive annual salary of up to £80,000
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• Private medical cover
• 28 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Wellbeing services & resources
• AXA employee discounts
To apply, click on the 'apply for this job' button, you'll then need to log in or create a profile to submit your CV. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to saraya.cussons@axa-uk.co.uk.
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Who we are:
At AXA Health, we're passionate about helping our members to put their health first, whether that's individuals and families, small businesses, or huge corporates. From fast access to diagnosis and treatment, to guidance and tools that can help them manage their health every day, not just when there's a problem, our members can be confident we'll guide them, every step of the way.