About The Role
The RAC is a company with a rich heritage yet when it comes to insurance pricing, the journey is only just beginning. We have the unique and exciting opportunity to appoint a Head of Portfolio Pricing who will manage a high-performing pricing team and help continuously advance RAC’s portfolio pricing capability and deliver its commercial targets.
This is a permanent role in Bristol on a flexible hybrid model and be a part of an established market leader with a wealth of data.
We operate as a broker within the personal lines insurance market and have big ambitions to grow in this area, to punch our weight in insurance as we do in breakdown cover.
What You’ll Do…
* Work with Commercial, Finance and Product teams to deliver P&L Budget result
* Develop opportunities to drive Trading performance
* Develop performance improvements via pricing, data, product and deployment
* Develop options to deliver benefit via our insurance panel
* Manage team analysts to effectively and efficiently tackle trading problems
* Embed the appropriate governance for all pricing changes deployed to market
* Develop appropriate MI to drive insight
* Develop pricing capability alongside other pricing teams to give RAC cutting edge ability
* Review and sign off pricing proposals as required
* Support the development of a governance framework for Model builds
* Ensure all pricing practices adhere to governance processes
* Review the data available to Pricing and alongside other teams prioritise future data consumption
* Develop pricing controls, working with internal and external partners to ensure pricing is implemented correctly and within business timescales.
What You’ll Need…
* 5+ years of pricing experience in relevant field (such as Finance, Insurance, etc.).
* Good technical knowledge of pricing and analytical techniques.
* Highly numerate with strong analytical & problem solving skills
* Awareness of Data Science techniques and how /where to draw value from them
* Understanding of risk underwriting and risk based pricing of insurance products
Software skills a bonus. E.g. Python, SQL/SAS, WTW Radar / Earnix.
Knowledge of FCA regulatory guidance, including emerging changes.
To be considered for this role we are looking for someone who is comfortable working in a fast-paced environment and can prioritise their own work and the contributions of others to effectively deliver agreed objectives.
In return, we offer…
At RAC, our colleagues do whatever it takes to help our customers. And we believe in rewarding you in return. As well as a competitive salary, you’ll have all these extra benefits:
* FREE RAC Ultimate Complete Breakdown Service from Day One.
* 25 days annual leave entitlement plus bank holidays.
* Option to join RAC’s Group Personal Pension scheme where we will match / contribute up to 6.5% on qualifying earnings.
* 2 x Basic Salary Core Employer funded Life Assurance cover (4 x for pension scheme members) with the option to flex up to 10 x cover through our flexible benefits offering.
* Confidential personal support service, available 24 hours a day every day of the year for you and any family members ages 16+ in your household.
* Car salary sacrifice scheme – after 12 months of employment, where you’ll enjoy significant tax savings, including electric vehicle options.
* Access to Orange Savings, our online discounts portal offering 1000’s of savings on high street retailers, supermarkets, holidays, tech and much, much more.
When you join us you will automatically be opted into our Colleague Share Scheme, called ‘Owning it together’. This is a unique opportunity for our colleagues to get rewarded for the outstanding work they deliver, to share in the future success of the RAC and is no ordinary work benefit, incentive, or bonus!
We’re committed to developing a culture that is representative of the diverse communities we serve and one which is open, accessible, collaborative, and inclusive. We welcome applicants of all backgrounds and experiences.
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