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This is a fantastic and exciting time for John Lewis Financial Services and we are looking for two Senior Pricing Managers to deliver the pricing strategy for our motor or home insurance product through the delivery of price optimisation models.
We’re looking for experts with deep knowledge and experience of delivering Retail Price Optimisation models and you will have the opportunity to own the building of the Pricing models from inception and their ongoing development. Working collaboratively with our Analytics, Commercial and PCW teams you will be a key member of the team driving the success of either our motor or home product.
Key responsibilities:
As the Senior Pricing Manager, you will leverage data analysis to build price optimization models that deliver target volumes and profitability while guaranteeing customer value.
You will monitor the performance of your models through a set of pricing dashboards and provide actionable insight to empower the further refinement and improvements.
What will you be doing?
Guiding the development and implementation of pricing strategies for motor or home.
Developing in-depth knowledge of the motor or home market.
Manage the development and maintenance of models that allow for accurate optimization across specified time horizons.
Specify reporting that will enable careful monitoring of the business and its performance in the market.
Accountable for monitoring pricing performance to identify strengths, weaknesses, opportunities, and threats and responding as needed.
Be responsible for developing the Pricing Analyst, both on technical skills and business knowledge.
Accountable for maintaining compliance with all relevant regulations.
Managing the specification of monitoring and controls that will ensure continued compliance with all relevant regulations
Providing a range of pricing options for consideration to Pricing Lead with suggested recommendations, with a particular focus on generating insights and value from our proprietary retail data.
Deputise for the Pricing Lead as required.
Essential skills you’ll need:
Suitable numerate degree or equivalent experience
Experience of motor and home street pricing
Experience using Earnix Price-It or another similar solution (e.g. Willis towers Watson, Radar).
Good knowledge of general insurance principles, products, and practices
Experience building predictive models for general insurance
Good knowledge of relevant regulations especially GIPP and Consumer Duty
Good business judgement; an ability to solve complex issues with pragmatic solutions.
Desirable skills you’ll have:
Machine learning/Data science experience.
Experience with CDL strata, kingfisher, hummingbird, Goldfinch and RTP.
Additional information:
Salary - The expected salary for this role is up to £91,200
Flexible working - We know flexible working is important to you, and it is important to us too. The Partnership has adopted a blended working approach meaning you'll be able to work a mixture between the office and home based upon your personal needs whilst balancing the needs of the business.
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 1 stage face to face interview.
For internal use only:
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We’re the largest employee owned business in the UK and home of our cherished brands, John Lewis and Waitrose. We’re not just employees, we’re Partners, driven by our purpose to build a happier world. As we look to our future, there’s never been a more exciting time to join us.
We’re ruthlessly focused on being brilliant at retail. We continue to innovate, adapt and diversify. Never Knowingly Undersold on price, quality and service in John Lewis and passionately serving food-lovers in Waitrose.
As Partners we all share the responsibility of ownership and in its rewards. We use our voices to contribute to our success, working together through the good and challenging times, holding true to our behaviours and treating everyone with kindness and respect.
We all own making the Partnership somewhere we belong. Embracing our differences and creating an environment where we’re free to be ourselves and can THRIVE. Growing ourselves individually, and as a collective.
As Partners, we make all the difference. And, we all own it.
Important points to note:
It’s important to note that some of our roles are subject to pre-employment vetting. If required, you’ll find out more about vetting throughout the recruitment process and we encourage you to complete any vetting documents quickly to avoid delays.
We also recommend that you apply as soon as possible as vacancies can close early if we see a high number of applicants.
We want all of our Partners to have a good work-life balance and we support flexible working. This might mean flexible or compressed hours, job sharing or shorter hour contracts, where possible. Please discuss this further with the hiring manager during your interview.
Attachment: 9484-Pricing-Manager-Job-Outline-Oct-2024.pdf
We believe in ensuring our Partners have access to a complete spectrum of benefits whilst in the business. After all, our Partners make our Partnership what it is.
Learn a new skill or become more proficient in your hobbies by claiming up to half the cost of certain tutored courses which you pay for yourself (up to a maximum of £250 per year).
25% off at John Lewis and 20% at Waitrose. We know you’d like this one! (some exclusions apply)
From arts & crafts to fishing, from skiing to running, we have so many clubs and societies bringing Partners with shared interests together.
Enjoy a generous holiday provision. Plenty of time for some rest and relaxation. (The amount of holiday you’ll get depends on your role and working hours. It increases over time).
Secure your future with our comprehensive pension scheme and life assurance.
Recharge and reconnect at our exclusive Partner hotels in locations across the UK!
Learn a new skill or become more proficient in your hobbies by claiming up to half the cost of certain tutored courses which you pay for yourself
25% off at John Lewis and 20% at Waitrose. We know you’d like this one!
Enjoy a generous holiday provision. Plenty of time for some rest and relaxation.
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