Job Description

Description

The Assistant Retail Pricing Manager will support the development and execution of the company's retail pricing strategy for motor insurance products. The role involves managing pricing projects, leading a small team, and collaborating with cross-functional stakeholders to ensure pricing models are competitive, profitable, and in line with regulatory standards. This position serves as a bridge between senior leadership and analysts, playing a key role in translating strategic goals into actionable pricing initiatives.

What you'll be responsible for:

Pricing Strategy Execution:

Assist in implementing the retail pricing strategy in line with the company's growth and profitability goals. Provide input into strategic decisions by analysing market trends, competitor pricing, and customer behaviour.
Analysis and Reporting:Prepare detailed and accurate analysis of pricing changes and their impact on portfolio performance. Communicate insights and recommendations to senior managers through presentations and detailed reports.
Performance Monitoring:Monitor and evaluate the performance of implemented pricing strategies, recommending adjustments to improve outcomes.

Innovation and Development:Contribute to the development and deployment of new pricing techniques, including machine learning and automation tools. Identify opportunities to improve existing models, processes, and systems.
Team Leadership:Supervise and mentor pricing analysts, fostering their professional growth. Oversee the production of high-quality pricing models and reports, ensuring adherence to timelines and accuracy.
Stakeholder Collaboration:Work closely with the Retail Pricing Manager to align on strategic goals and priorities. Collaborate with underwriting, marketing, and claims teams to gather insights and refine pricing recommendations. Act as a point of contact for internal stakeholders regarding pricing updates, methodologies, and queries.
Regulatory and Compliance Oversight:Ensure pricing activities comply with all applicable regulations and internal policies. Support audits and prepare documentation for regulatory reporting as needed.

What you'll need:

Strong analytical and data interpretation skills, with a solid grasp of statistical modelling and actuarial methods. Proficiency in pricing software and programming tools such as Excel, SQL, R, Python, or similar platforms. Proficiency in Radar or Emblem advantageous Excellent communication skills, both verbal and written, with the ability to present complex concepts to varied audiences. Strong project management and organisational abilities, with a capacity to handle multiple priorities effectively. Team leadership and mentoring capabilities to guide and develop analysts. Problem-solving skills and a proactive, solutions-focused mindset.

Our Benefits

Hybrid working - 2 days in the office and 3 days working from home 25 days annual leave, rising to 27 days over 2 years' service and 30 days after 5 years' service. Plus bank holidays! Discretionary annual bonus Pension scheme - 5% employee, 6% employer Flexible working - we will always consider applications for those who require less than the advertised hours Flexi-time Healthcare Cash Plan - claim cashback on a variety of everyday healthcare costs Electric vehicle - salary sacrifice scheme 100's of exclusive retailer discounts Professional wellbeing, health & fitness app - Wrkit Enhanced parental leave, including time off for IVF appointments Religious bank holidays - if you don't celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year. Life Assurance - 4 times your salary 25% Car Insurance Discount 20% Travel Insurance Discount Cycle to Work Scheme Employee Referral Scheme Community support day

About Somerset Bridge Group

Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry. Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers. Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance. With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.

We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.

Equal Opportunity Employer

Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.