Pricing Lead

At a glance:

• Salary - The expected salary for this role is up to £135,500 

• Contract type - This is a permanent position 

• Working pattern - This is a blended working role, therefore your time will primarily be split between working from home and the London Head Office. However, there will also be an expectation to visit other locations as the need arises. 

About the role:
 

Here at John Lewis Financial Services we are looking to appoint a Pricing Lead to develop and implement an Insurance Pricing Strategy that aligns with the overarching Business Strategy of John Lewis Financial Services. You will also oversee and manage the Insurance Pricing and Analytics teams, ensuring the effective delivery of insurance pricing artifacts and processes.

This is a great time to join the business and you will have the autonomy to lead the creation of our Pricing function, setting the foundation and direction of this newly formed area.  You will be a key member of the Insurance Broking Leadership team and will contribute to the strategic development of our proposition.

Key responsibilities: 

• Managing the development of the pricing team, promoting both technical skills and business understanding..

• Accountable to local management, the board of directors, and other governance committees as necessary.

• Assuming the role of Chairperson of the Pricing Committee.

• Taking full responsibility for maintaining compliance with all applicable regulations.

• Ensuring the accurate implementation of pricing strategies.

• Producing accurate and timely management information (MI) and business intelligence (BI) reports, as well as analysis and insights, for the pricing team and the wider organization.

• Making recommendations of pricing actions to adopt, with a particular focus on generating insights and value from our proprietary retail data.

• Providing Partners with an opportunity to contribute their perspectives and ideas to the business.

• Dedicating yourself to your personal and professional development, serving as a role model for all Partners.

• Utilising insights and networks, both internal and external, to remain informed about key customer requirements, market conditions, and trends, including technological advancements.

• Assuming responsibility for business processes, frameworks, and tools within your area of responsibility, continuously enhancing them to improve efficiency and effectiveness.
   

What will you be doing?

• You will have the ownership of developing and implementing pricing strategies for the motor and home insurance portfolios.

• Responsible for developing and maintaining mathematical models that enable precise optimisation across specified time horizons.

• Ownership of the development of the pricing strategy to guarantee alignment with the company's overall business strategy.

• Responsible for monitoring pricing performance to identify strengths, weaknesses, opportunities, and threats, and taking appropriate action.
   

Essential skills you’ll need: 

• An appropriate degree in a relevant field such as Mathematics and Statistics.

• Previous experience in motor and home street pricing or be qualified through previous experience.

• Experience in developing predictive models for general insurance utilising Price Optimisation software (such as Willis Towers Watson or Earnix)

• Demonstrable knowledge of general insurance principles, products, and practices.

• Comprehensive understanding of relevant regulations, particularly GIPP and Consumer Duty.

• Proven ability in leading and developing teams.

• Strategic and innovative thinker with the ability to anticipate and respond to regulatory changes.

• Comprehensive business judgment and ability to resolve complex issues with practical solutions.

• Proven capability to operate effectively at all levels and gain the trust and confidence of colleagues and senior management.

Desirable skills you’ll have:

• Experience of working for an Insurance Broker and setting prices for Price Comparison Websites

• Machine learning or data science experience.

• Familiarity with CDL Strata, Kingfisher, Hummingbird, Goldfinch, and RTP.
   

Benefits of the Partnership and the role: 

• - Hybrid Working. 

• ️ - Full - time working holiday entitlement 25 days holiday, plus public and bank holidays

• ⚖ - Excellent work life balance, including focus on well being and flexible working and our marketing leading equal parenthood leave Policy

• - Defined Contribution pension scheme where your contributions will be matched by the Partnership (up to 8% of pay) and, after three years’ service, you’ll receive an additional Partnership contribution of 4% of pay, regardless of whether you pay in or not

• - You’ll get Partnership discount in store and online once you complete Probation. That’s 25% off in John Lewis & Partners (12% off electrical products) and 20% in Waitrose & Partners. You’ll also be able to nominate someone you live with to share your discount

• -  Simple cycle to work support scheme

• - We’re really proud of our exclusive hotels based in some of Britain’s most beautiful areas and once you’ve been with us for three months, you’re welcome to explore them

• Health Care cover with Bupa

• Personal use car allowance - £240pm

• -  Learn more about our extensive range of exciting benefits that you could enjoy when you join us, visit - https://www.jlpjobs.com/about/benefits/ 

Next Steps: 

• The application form consists of a CV upload followed by application questions. Please ensure you refresh the page each time you complete a task to ensure you complete everything that you need to in time. (If internal, check your Workday notifications and see further guidance on the PDW under "Internal application process").

• Once you've submitted an application the next steps of the process, if successful, are likely to include a 2 stage interview early January.

• You'll be asked about any adjustments you might need to support the recruitment process. Let us know, and we'll be sure to discuss it with you. 

• Thanks for your patience in the meantime and for showing an interest in joining JLP. 

• We occasionally close vacancies early in the event we receive a high volume of applications. Therefore, we recommend you apply early ​

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