Head of Technical Pricing
Salary £110,000 - £125,000 dependent on experience + car allowance
Interim or Permanent
Hybrid – Home and London Hub
As our new Head of Technical Pricing, you will lead all aspects of Saga’s risk pricing for Home Insurance to support the delivery of the insurance strategy, customer outcomes and contribution to the achievement of the overall P&L for Acromas Insurance Company Limited (AICL).
We are looking for a proactive and experienced leader with a proven track record of building successful and dynamic teams to deliver market-leading pricing capabilities. The team you will be managing will be composed of a diverse level of professionals with backgrounds ranging from pricing, data analytics and underwriting,
As a technical expert in pricing, you will bring an understanding of the drivers of best-in-class risk pricing and commercial success in a Personal Lines insurance business and implement innovative and new approaches to grow the assigned book profitably. You will set the strategy and pricing policies to ensure loss ratio and policy volume targets are met over a 5-year horizon. Additionally, you will be working closely with the wider business to generate ideas and lead key aspects of the Group’s strategy and the company’s key shareholder objectives.
Package DescriptionEveryday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.
We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.
BENEFITS AVAILABLE TO ALL COLLEAGUES:
Our working week is 35 hours per week, these can be worked flexibly to suit your working style
25 days holiday + bank holidays
Option to purchase additional leave up to 5 extra days
Pension scheme matched up to 10%
Life assurance policy on joining us
Wellbeing programme
Colleague discounts including family discounts on cruises and holidays
Range of reductions and offers from leading retailers, travel groups and entertainment companies
Enhanced maternity and paternity leave
Grandparents leave
Company performance related annual bonus - Up to 15%
Income protection
Access to Saga Academy, our bespoke learning platform
Main ResponsibilitiesAs our new Head of Technical Pricing you will be responsible for setting the short and long-term strategy and pricing policies, and identifying new opportunities to grow the Home book.
Areas you will be accountable for include:
Delivering the strategy and ensuring key KPIs such as target loss ratio and policy volume are met
Continuously generating ideas and being a thought leader to further develop strategy and culture, both within the pricing teams and the wider business
Leading a programme of continuous development and evolution of pricing models with a focus on data enrichment, workflow, and advanced analytics
Looking outside of standard pricing and actuarial techniques and challenging the status quo to implement new solutions which bring pricing capabilities to market leading standards
Managing any risks or controls delegated to this position as detailed in the relevant risk registers, in line with the business's risk policy
Providing support to AICL’s CEO to influence the overall AICL strategy and direction
Collaborating with senior management across the wider business to lead the delivery of key aspects of Group strategy and the company's key shareholder objectives
Building, managing and leading a successful and dynamic team
Following our Business Code of Conduct and always acting with integrity and due diligence
The Ideal CandidateYou will be a technical pricing expert with a proven track record of building successful and dynamic teams as well as delivering large projects and managing key stakeholders.
Skills we would look for in a Head of Technical Pricing include:
Detailed knowledge of General Insurance pricing processes and methodologies
Comfortable with traditional and advanced machine learning techniques and willing to embrace new and emerging data analytics methods/tools.
Strong numerical and statistical capabilities.
Excellent oral and written communication skills.
Strong influencing and relationship management skills
Possesses strong coaching abilities and actively motivates others to win.
Proactive, enthusiastic, and self-motivated
Knowledge of actuarial reserving techniques and capital modelling
Experienced with Emblem or similar systems
About The CompanyOver the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.
At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.
Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.
Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.
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