Head of Modelling and Optimisation

Head of Modelling & Optimisation, Head of Pricing Transformation

Two positions are available, Head of Modelling & Optimisation and Head of Pricing Transformation.

These roles sit within ourRetail Pricing - Modelling & Optimisation division.

Location: We operate flexible hybrid working for these positions and have offices based in Manchester and Peterborough.

Role purpose

The successful candidate is responsible for leading technical pricing solutions in order to drive commercial outcomes across the company. This includes strategic and technical leadership, team leadership, organisational awareness, ability to drive change, collaboration and innovation.

Key Responsibilities

• Strategic ownership and leadership of pricing solutions
• Drive change and innovation to ensure continuous improvement
• End to end production of pricing models using a tailor-made pricing pipeline
• Use of pricing software to build predictive statistical models and intelligently optimise customer prices
• Contribute and implement improvements to the pricing process to increase pricing performance and efficiency
• Contribute and lead research and development opportunities to help innovate and improve current modelling and pricing methodologies
• Ensure all activity is compliant with pricing governance and follows established controls
• Work closely with the Street Pricing Team to ensure pricing models meet business objectives, and manage relationships with key stakeholders around the business
• Manage a team of varying experience, including managers

About you:

• Strong experience managing pricing teams and managers
•  Strong communication skills across a variety of audiences, particularly with senior stakeholders
•  Extensive experience owning general insurance products, including knowledge of current trends and issues
•  Experience of WTW’s Radar software or Earnix software
•  Strong commercial acumen
•  Experience of retail pricing optimisation
•  Experience with predictive modelling techniques
•  Experience in statistical and data science programming languages
•  A quantitative degree

What we offer in return?

• A collaborative and fast paced work environment
• Private medical health care plan
• Yearly bonus scheme
• 28 days annual leave plus of Bank Holidays and the ability to buy additional leave
• Life Assurance 4x annual salary
• Vibrant, modern offices

About the business:

Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. Markerstudy also has a large and growing direct presence in the market as well.

Having acquired and successfully integrated Co-op Insurance Services in 2021, BGLi in 2022 & Atlanta in 2024. Markerstudy are now pursuing innovative pricing techniques, taking advantage of an award-winning insurer hosted rating platform, whilst challenging existing embedded processes.