menu

close

close

Start your search

Pricing Manager

Cardiff

  1. Full time

About the job

Admiral has always considered our Pricing department to be a fundamental cornerstone of the successful growth of our business. As the market continues to evolve and we continue to develop the way we work, we are looking for driven, skilled, and experienced Pricing Managers to join us. We have opportunities available in;

  • Car Retail Pricing
  • Car Risk Pricing
  • Van Pricing 
  • Cross-Product Pricing 

Car Retail Pricing

The focused Car Retail Pricing team is relatively new, and we’re looking for a Pricing Manager to support the establishment of this new team in a critical part of the business and to help set and drive the strategy of our Retail Pricing. Within this role, you would be exposed to a variety of work, ranging from highly complex numerical analysis to high-level decision making that impacts strategy and direction, in all areas of pricing outside of the assessment of claims risk.

The Retail Pricing team is responsible for a variety of topics, from understanding the market and our competitivity at new business, through to our specific renewal pricing, focussing on elements of pricing outside of claims risk prediction. 

The teamwork closely with other areas of the business to support the development of new products and offerings and to increase the profitability of the risks we write across all income streams.

Car Risk Pricing

The Car Risk Pricing team is responsible for calculating the price we charge to cover the risk of a customer making a claim in the future. We use data supplied to us by the customer and numerous internal and external data sources to set the most accurate price possible. We are constantly looking for ways to optimise our prices either through using new data or by maximising the use of existing data.

Van Pricing 

Despite its impressive growth and progress since its launch in 2017, Admiral Van has very ambitious plans to grow further and is looking for a Pricing Manager to support our growth. The Van Pricing team is responsible for all aspects of setting the prices for our Van customers. This requires us to understand and consider a variety of topics, such as claims risk and profitability, combined with an awareness of the wider Van market in order to support the Van product in continued strong and profitable growth. 

Cross-Product Pricing 

The Cross-Product Pricing team is responsible for pricing work that spans across all the Admiral products (Motor, Home, and Travel, etc.) and provides an excellent opportunity to learn about multiple pricing disciplines. An exciting opportunity has arisen for a Pricing Manager within the team. This role will support management in establishing and embedding the team, tackling some of the more complex analysis work. The successful candidate will have line management responsibility for Pricing Analysts. The role also requires having strong communication and collaboration with Data Protection and IT teams.

Main Responsibilities for all Pricing roles

  • Demonstrate strong technical knowledge of our internally developed analytical tools, cloud-based data platforms, and software to enable you to effectively drive forward the implementation of Pricing initiatives. 
  • Take responsibility for the quality and direction of complex analytical work carried out within your team which could include projects such as lifetime value, price elasticity, etc
  • Ensure that we are making optimal use of external data sources available to us in relation to market prices
  • Communicating results and ideas to key decision-makers across different group companies, including Heads of Department and CEO/COO
  • Management and development of analysts within the team, including the development of senior analysts’ management and technical skills
  • Develop strong relationships with colleagues, both within the department as well as the wider business, to ensure successful delivery of projects that involve cross-departmental cooperation and collaboration
  • Support and collaborate on a range of strategic projects that have the potential to change the way Pricing operates in the future
  • Set standards for training and ensuring that the function is sufficiently skilled to meet our requirements, both now and in the future
  • Maintain an outward-looking perspective and act internally as a valuable source of outside information, sharing your expertise and ensuring that Admiral remains up to date with changes in the field of Pricing
  • Help drive and support the Company’s response to the Pricing Remedy recently announced by the FCA and the consequential market changes
  • Retain awareness of any regulatory developments likely to impact Pricing, which will require close working relationships with Corporate Governance teams and other areas of Pricing

This is not a full definition of the roles but covers the main aspects and drivers for success.

About You

We are looking for a creative, innovative, and ambitious individuals, with experience in Pricing within a UK general insurance company, who have a track record of finding insight in data, can take ownership for driving forward change, and have a passion for sharing knowledge and experience with colleagues, both at a peer level and in a managerial role.

You must be highly numerate and have a passion for tackling complex problems relating to financial modelling and interpreting the results of various analytical tests and processes. You should be comfortable with getting stuck in and diving into the detail of the analysis work, whilst also being able to support the team in fulfilling their potential.

Essential Skills and Experience

  • Experience in Pricing within a UK general insurance company in a Senior or Management capacity OR MBA supported by a solid academic and/or work background in a STEM field
  • Strong quantitative skills and a strategic mindset, as demonstrated by previous experience (this could be in consulting, strategic project management or analysis, working with senior managers, etc.)
  • Proactive and creative approach to taking initiative and getting things done
  • Team player who can build relationships across functions
  • Excellent interpersonal and communication skills and an ability to inspire and influence others

Desirable Skills and Experience

  • Previous experience in insurance is not necessary, as you will be able to acquire the relevant technical skills on the job (a willingness to work from the ground up is however essential)
  • An interest in data science or big data technologies and some experience in these areas may be considered an advantage but are not mandatory

Additional Information

In this role, you will work closely with our whole Pricing leadership team and report to one of our Pricing Department Heads. 

We’re a big believer in personal development and preparing you for success in this role as well as your next. We’ll provide a range of on-the-job training as well as other opportunities to learn all the key skills you’ll need.

Due to COVID, the whole Pricing team is working remotely. We will provide you with everything you need to work comfortably from home. We expect you to be working remotely for the foreseeable future. However, once it is safe to return to the office, we will have days when the whole team comes together to collaborate. You can decide if you want to come to the office between 2-5 days per week.

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

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 voted as one of the Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

Please note, we are unable to accept CVs via email. If you would like to apply for the position, please click "Apply".

#LI-LP1

jobs

Related jobs

Senior Pricing Analyst

** DEFAULT listwidget.vacancypartial.salary - en-GB **

Competitive depending on experience

** DEFAULT listwidget.vacancypartial.locationfreetext - en-GB **

Cardiff

Job Type

Full time

Location

Cardiff

Department

Household

Office address

Tŷ Admiral, David Street, Cardiff, CF10 2EH

Description

Admiral has always considered our Pricing department to be a fundamental cornerstone of the successful growth of our business. As the market continues to evolve and we continue to develop the way we w

Reference

4931

Expiry Date

16/07/2021

Samantha Evans

Vacancy managed by

Samantha Evans
Samantha Evans

Vacancy managed by

Samantha Evans
View Shortlist
Head of Pricing for Emerging Household Products

** DEFAULT listwidget.vacancypartial.salary - en-GB **

** DEFAULT listwidget.vacancypartial.locationfreetext - en-GB **

Cardiff

Job Type

Full time

Location

Cardiff

Department

Household

Office address

Tŷ Admiral, David Street, Cardiff, CF10 2EH

Description

About the Role Household Insurance is a key part of Admiral’s strategy for the upcoming years. In the 8 years since we launched our Household product, we have grown to over 1.1m customers and we ar

Reference

4835

Expiry Date

13/04/2021

Samantha Evans

Vacancy managed by

Samantha Evans
Samantha Evans

Vacancy managed by

Samantha Evans
View Shortlist
Pricing Governance Lead

** DEFAULT listwidget.vacancypartial.salary - en-GB **

** DEFAULT listwidget.vacancypartial.locationfreetext - en-GB **

Cardiff

Job Type

Full time

Location

Cardiff

Department

Household

Office address

Tŷ Admiral, David Street, Cardiff, CF10 2EH

Description

Do you want to be part of one of the core departments of the company, ultimately responsible for setting our prices and writing profitable business? Our Pricing department are looking for someone t

Reference

4929

Expiry Date

11/05/2021

Anna Khan

Vacancy managed by

Anna Khan
Anna Khan

Vacancy managed by

Anna Khan
View Shortlist
posts

Related posts

Changes to our Family Friendly Policies

Teaser

Contact Centre

Content Type

Blog

** DEFAULT postresults.publishdate - en-GB **

06/03/2019

Summary

We understand that balancing the demands of a family and a career can be challenging at times. Taking time off work to be with your new family is very important and we recognise that many fathers, partners and adopters want to be more hands on and involved with the care of their children. We are committed to supporting our staff when they go through parenthood and a valued source of support is provided by our Parental Leave policies. The policies allow staff to spend cherished time at home with their family, so that when they return to work, they can thrive and flourish.   Our policies go above the statutory pay requirements to encourage our staff to take more time at home when they become parents. As long as you've worked for us for 26 weeks, you can expect the following benefits. Maternity LeaveEmployees receive 16 weeks of full pay, followed by 23 weeks statutory maternity payPaternity LeaveEmployees receive 2 weeks full pay, 2 weeks statutory paternity pay and 12 days of unpaid leave (should they wish to take it)Shared Parental LeaveWhen both parents work for Admiral they can share the 16-weeks full pay benefit. So, if the mother/primary caregiver decides to return to work prior to 16 weeks, the other parent can pick up the remaining weeks on full payIf one parent is employed by Admiral, and together with their partner fulfil eligibility criteria, they can share the Parental LeaveAdmiral believes that the support doesn’t stop at Parental Leave. We recognise that flexible working is another valuable way in which our staff can attain the work-life balance they need and so employees can request flexible working arrangements.Our employee benefits don’t stop here, take a look at our top 7 perks for working at Admiral.

Teaser

Read on
Alexandra  Dobbie

by

Alexandra Dobbie

Alexandra  Dobbie

by

Alexandra Dobbie

Admiral perks

Teaser

Contact Centre

Content Type

Blog

** DEFAULT postresults.publishdate - en-GB **

24/06/2020

Summary

When it comes to staff benefits and perks we have everything you’d expect from a large FTSE 100 company, like a contributory pension scheme, free shares, dental care and so on.  Our commitment to providing staff with the services and support they need to ensure that they are happy and healthy in their working lives ensures we are offering more than the basics. We hope this has contributed to the fact that we’ve made the Sunday Times Best Companies to work for list for the 17th year in a row.In this article, we will explore some of our most popular staff benefits…1. Free staff sharesAll staff who work for the Admiral Group receive up to £3,600 worth of company shares every year after the first year of service. Staff can sell these shares when they reach 3 years old, and at year 5, they are tax free, so its worth holding off if you can!Many staff have used their shares to buy holidays, their first house, cars etc. No wonder its one of our most popular benefits!2. Staff and family discountsA 15% discount is available off our car and pet insurance policies, as well as 10% off travel and home insurance for the following: employee, spouse, partner, children, parents, brothers and sisters. As well as discounts on our insurance products, we offer a staff breakdown scheme. On top of these discounts, a favourable APR rate off our loans from Admiral Loans is also available.3. Moving home advanceIf you’re looking to buy your first home but don’t have quite enough to get the deposit you need or to cover the legal fees, or if you’re looking to move into a rented property but need help to cover bonds and moving costs, then you can receive an interest-free advance of up to £2,000 from the company.4. Buy a book schemeYou can purchase books that will help you develop in your role at Admiral Group and the company will pay for them through David’s Buy a Book Scheme.5. Tickets to sponsored eventsOne of the benefits of working for Admiral is access to tickets to events that Admiral sponsors. In the past this has included tickets to, Wales rugby home international matches, pantomimes, shows at the Wales Millennium Centre, Techniquest Afterhours, weekly ticket giveaways to Chapter Arts Centre and much more.6. Discounts in local shops/businessesWe have secured staff discounts, ranging from 5%-25% with many local and national retailers such as; Oakwood Theme Park, Thomas Cook, Cardiff Nutrition, Wahaca, Papa Johns, Tim Hortons, Wok 2 Walk, O2, Pure Gym, The Body Shop and many more!7. Contributory pension schemeYou can start paying into the company pension scheme as soon as you start working for the Admiral Group and we will contribute to your pension up to 6% of your basic gross salary or a total of £9,000 p.a., whichever is lower.

Teaser

Read on
Alexandra  Dobbie

by

Alexandra Dobbie

Alexandra  Dobbie

by

Alexandra Dobbie

Our Benefits

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.

Share
Schemes

Flexible
Working

Local
Discounts  

Travel Season
Ticket loans

Groups
& Societies 

Development 
Opportunities

View more benefits