Pricing Manager - Protect (South)

Tesco Insurance • Reigate • Permanent • Apply by 20-Mar-2026

Serving our customers, communities, and planet a little better every day.
Salary - Salary is from £57,760 (North) or £66,400 (South) + annual bonus & benefits
Work Level - 2 - Permanent role
Location - Reigate or Edinburgh or Glasgow
Office Attendance - Our roles are hybrid, however you need to travel to our Reigate or Edinburgh office 2 days per week for this role.
Closing Date for applications - Applications close on 20/03/2026.

We're recruiting a Pricing Manager within our Motor Retail Pricing team based in our Reigate / Edinburgh / Glasgow office. This team looks after the price optimisation algorithm, building market and behavioural models, identifying and assessing new data sources, whilst monitoring the day-to-day trade performance and regularly proposing price changes based on emerging experience and market movements. We pride ourselves on our agile, varied and collaborative environment.

The Role
•Supporting the continual improvement in Motor Retail market and behavioural models and supporting data feeds.
•Extracting and analysing data sources, including the use of feature engineering new using a range of modelling techniques, to support the business with Pricing analysis and insight.
•Periodically testing new techniques to ensure approach to model building, price optimisation remains market leading.
•Developing model monitoring reports to review regularly and take appropriate action.
•Support and feed into the price optimisation process that sets the margin layer for retail prices.
•Bringing price proposals to the appropriate forums for discussion and approval, ensuring the customer is considered.
•Working closely with your retail and risk pricing counterparts to deliver good end-to-end outcomes.
•Line management for up to two analysts.

What you'll bring (min criteria)
•Strong theoretical and practical understanding of Personal Lines pricing
•Deep knowledge and experience of modelling techniques - principally GLM and GBM
•Prior knowledge of price optimisation
•Knowledge and experience of programming languages e.g., SAS, SQL, R, and Python
•Prior experience of using insurance pricing software, e.g. Radar, Emblem
•Strong analytical background with a great attention to detail
•Experience communicating complex concepts in non-technical language

We don't expect you to tick every box, and if you feel you hit most of the brief, it's worth exploring to further develop your career here with us.

What's in it for you?
•Prepare for your retirement with our colleague pension scheme.
•Private Healthcare & Virtual GP Service for you and your family 365 days a year.
•Performance related annual bonus.
•Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
•Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday. As an added perk, we'll give you a second card to share with someone else.
•Green Car Leasing Scheme.
•Critical Illness cover.
•Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
•Take part in our Buy as you Earn and Save as you Earn share schemes.

Everyone's welcome
We want all our colleagues to always feel welcome and be themselves. We're committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information
We also know the importance of balancing work with life's other commitments. Please talk to us at interview about the flexibility you need, as we're committed to exploring part time and flexible working opportunities, at every level of the organisation.

Interviews commencing March 2026.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there's no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we're helping our colleagues and serving our customers, communities and planet a little better every day.

We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you've worked hard for.

Everything we do is about making things better. Not just for others, but for you too. It's why you'll get bags of choice and plenty of development. It's why you'll always be heard and find balance that works for you. It's why you'll feel totally at home in a place where everyone's welcome.

So, if you want a career where you can do good and feel good, you've found it.

Let's make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice - because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes - people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone's welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you're interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!