Our Pricing Department is a well-established and thriving function which focuses on delivering long term value for our customers rather than working to short-term profit targets. This role sits within the Motor Pricing team and will focus on formulating and achieving the pricing strategy for our Motor products with a specific initial focus on commercial motor (mainly our van product) but will influence both Car and Tractor with a particular emphasis on assessing the accuracy and improving our pricing models, as well as determining the final price charged to the customers. As a Street Pricing Consultant, you'll be leading a small team responsible for recommending and managing the motor portfolio pricing strategies through analysing internal and external data sets, utilising various pricing models and working closely with the wider Pricing Department, such as Data, Modelling and Risk Pricing teams, and external stakeholders, including Underwriting, Distribution, Claims and Finance. You'll be actively involved with monitoring and improving the integrity and accuracy of pricing models and you'll conduct regular scenario planning and impact assessments of potential pricing actions on key metrics such as conversation rates, retention rates and profitability. You will be a line manager to a small team of analysts and coach and mentor more junior colleagues supporting their development and helping with technical queries.
As a commercially minded and customer oriented professional, you will have extensive experience in working within the General Insurance sector with specific prior experience in Insurance Pricing, ideally motor. You will have a proven track record of analysing complex data, drawing conclusions and delivering commercially sound recommendations in order to achieve fair and accurate customer prices. Ideally you will also have experience in a product ownership. You'll possess the ability to take into account all relevant internal and external factors to formulate a comprehensive view of the market and deliver street prices in accordance with NFU Mutual's policy. You'll be competent using Radar and ideally have experience with price optimisation. You will be an excellent communicator able to forge effective stakeholder relationships, as well as to navigate difficult conversations and influence decisions. As an experienced member of the team, you'll also be able to demonstrate the following:
* Resilience: You remain focused and effective under pressure, turning challenges into opportunities for growth
* Problem solving mindset: You tackle challenges with a solutions-oriented approach, finding practical and innovative answers
* Forward thinking: You anticipate future trends, bringing a strategic outlook that drives long-term success
* Communication skills: You excel at making complex information accessible to non-technical audiences, ensuring key insights are understood
* Coaching and Mentoring: You lead by example, motivating and supporting others to perform at their best in a collaborative environment.
Join a dynamic GI Pricing department with over 100 talented professionals with a common goal of setting fair and accurate prices for our customers. We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.
At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees. We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process. We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.
Benefits and Rewards When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:
* Salary in the range of £48,000 to £70,000 depending on skill set and experience
* Annual bonus (up to 17.5% of salary)
* Contributory pension scheme, up to 20%, including your 8% contribution
* 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme
* A Family Friendly policy that helps you balance your work and family responsibilities
* Access to savings at High Street brands, travel and supermarkets
* £20 contribution to a monthly gym membership - subject to T&Cs
* Health and wellbeing plan - cashback for dentist, opticians, physio and more
* Access to voluntary benefits, including health assessments, private medical insurance and dental insurance
* Employee Volunteering - volunteer in the community for one day each year
* Unlimited access to Refer a Friend £500 bonus scheme
* Life Assurance cover of 4 x salary
* Employee discounts of 15% on a range of NFU Mutual insurance policies.
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