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Pricing Lead

Cardiff

  1. Full time

Closing date

28/05/2024

About the job

Admiral has always considered our pricing capability to be a fundamental cornerstone of the successful growth of our business. We are now looking for a motivated, skilled and experienced individual in pricing to join our Admiral Business team within Admiral Pioneer that is developing a new proposition for small businesses.

The Pricing Lead will play an instrumental role in designing and implementing the pricing strategy and models for our proposition, which will comprise a range of products to protect small businesses (e.g. Liability, Property and Professional Indemnity.).

The Pricing Lead will develop and refine our pricing models to market so that we can develop insight into pricing strategies by product and customer segment, enabling us to gauge how and when to participate in pricing for the different products and navigating profitable growth.

The ideal candidate will be excited by the idea of working in a fast-paced and entrepreneurial environment to build a new business and will combine hands-on pricing experience with a passion for leveraging the potential of data and advanced analytics.

About Admiral Pioneer

Admiral Pioneer is a new entity within the Admiral Group with the objective of seeding, launching, and scaling new businesses.

We aim to build multiple businesses, all anchored around meeting customer needs in new and better ways. We aren’t an incubator, we are building a dynamic and energizing environment where we will provide all the excitement and freedom of a start-up, with the support and stability of an established organization.

Admiral Business is our business focused on developing innovative propositions for small businesses with the customer and data at the core.

Role Responsibilities

  • Pricing Modelling - Creating, analysing and refining our pricing structures across a range of small business insurance products to drive business performance
  • Analytics Development - Assessing the usefulness of external data sources and managing data partnerships.
  • Portfolio Management – Developing pricing insights, communicating results and developing pricing proposals to enhance business performance
  • Collaboration – Work with pricing & analytics peers across Admiral Group to take advantage of relevant experience and expertise.
  • Statistical Analysis - Your ability to compile and analyze statistical data provides valuable insights for strategic decision-making and continuous improvement.
  • Cultural Alignment - You embody our culture of innovation, collaboration, and customer-centricity. Your 'can-do' attitude and commitment to excellence set the standard for our team.

Key Skills, Qualifications, and Experience:

  • Knowledge: You have a deep understanding of SME insurance and pricing
  • Experience: Your track record demonstrates your proficiency in pricing modelling, management and decision-making. You will have experience in using pricing tools and software packages such as SAS and Emblem.
  • Problem-Solving: Your analytical skills and strategic mindset enable you to identify opportunities, threats and overcome challenges.
  • Analytical Acumen: You're skilled in compiling and analyzing statistical data to share and communicate with business stakeholders to inform strategic decisions. Your curiosity to develop pricing models means you are seeking out new data sets to utilise.
  • Adaptability: You thrive in dynamic, fast-paced environments.
  • Cultural Alignment: Your values align with our commitment to innovation, collaboration, and customer-centricity.

Join us and be part of a team that's redefining the future of insurance with the Admiral Business Team!

Location / Hybrid Working

We operate a hybrid working approach in Admiral Business with our office in Central Cardiff and homeworking.

Salary, Benefits and Work-Life Balance

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.

Our Commitment to You

At Admiral, we are committed to being a diverse and inclusive workplace. Admiral is proud to be an equal opportunities employer and does not discriminate on the basis of race, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), national origin, gender, gender identity, sexual orientation, disability, age, or any other legally protected status.

All qualified applicants will receive equal consideration.

#LI-HJ1 #LI-AdmiralPioneer

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As one of our four pillars to our culture, Reward and Recognition is extremely important. We believe that happy staff make happy customers, so we have a huge range of great benefits to make sure everybody has something to smile about! Here are a few of our more popular ones.

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