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Head of Car Retail Pricing

Business Role Type
Business Support Role
Business Support Departments
Pricing
Location
Cardiff
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It’s an exciting time in the world of Car Pricing at Admiral! Following a re-structure, Car Pricing is being more formally divided into two areas: Risk Pricing and Retail Pricing, creating the new role of Head of Car Retail Pricing.

This is a rare and exciting opportunity to build a new team in a critical area of the business and drive the agenda to increase the sophistication of our retail pricing. Within this role you would be responsible for all the pricing analysis work that sits outside the traditional task of assessing claims risk. You will be exposed to a variety of work ranging from highly complex numerical analysis to high-level decision making that affects the strategy and direction, both of Pricing, but also the wider business.

We are looking for someone enthusiastic, who can demonstrate leadership qualities that will drive forward our efforts across retail pricing, ensuring that our pricing capability remains a source of competitive advantage to us, whilst also having the interpersonal skills required to build a strong team around them.

You must be highly numerate and have a passion for tackling complex problems relating to financial modelling and interpreting the results of various analytical tests and processes. You should be comfortable with getting stuck-in and diving into the detail of the analysis work, whilst also being able to support your team in fulfilling their potential.

*We are specifically looking for someone who has extensive experience in pricing within a UK general insurance company*

Main Duties

  • Manage a team of analysts responsible for all pricing decision-making that goes beyond the prediction of claims risk. This includes managing an existing Car Renewal Pricing Team and building a new team that focusses on New Business Retail Pricing
  • Propose and share base rate decisions with senior management within and outside of Pricing
  • Ensure that we are making optimal use of external data sources available to us in relation to market prices e.g. price comparison insight data for real-time pricing
  • Develop strong relationships with colleagues, both within the department as well as the wider business, to ensure successful delivery of projects that involve cross-departmental cooperation and collaboration
  • Demonstrate strong technical knowledge of our analytical tools, platforms and software to enable you to effectively drive forward the implementation of retail pricing initiatives
  • Take responsibility for the quality of all complex analytical work carried out within the function including analysis on projects such as lifetime value, price elasticity, etc
  • Take responsibility for all risk and regulatory matters affecting Pricing
  • Assist and collaborate on a range of strategic projects that have the potential to change the way Car Pricing operates in the future
  • Own the Car Pricing relationship with other areas of the business such as Marketing, Price Comparison, Risk, etc
  • Take responsibility for the recruitment, performance management, development and engagement of all staff within the new Car Retail Pricing function
  • Set standards for training and ensuring that the function is sufficiently skilled in order to meet our requirements, both now and in the future
  • Maintain an outward looking perspective and act internally as a valuable source of outside information, sharing your expertise and ensuring that Admiral remains up to date with changes in the field of Pricing

This is not a full definition of the role but covers the main aspects and drivers for success.

About Admiral

We're Wales’ only FTSE 100 company. We have forward-thinking approaches and provide endless opportunities to test, learn and grow. There's a reason we've been named a Best Place to Work: our progressive culture, core values, and commitment to diversity and inclusion have created a working environment where people share ideas, aren’t afraid to speak up and change things, and above all, feel valued.

Admiral has grown from being a small start-up into a multi-national organisation. The company is constantly investigating new products, services and markets and is now present in eight countries with a diverse product portfolio.

Admiral’s success goes hand-in-hand with having a strong people-focused culture. We believe that happy people make happy customers and happy customers help increase profits. Our philosophy is a simple yet effective one: “people who like what they do, do it better”.

We truly care about our customers - they are at the heart of every decision we make. We’re very proud of the innovative products we offer and level of service we provide. Everything we do acknowledges the needs of our customers, and by recruiting the right people we can continue to provide great service and ensure an excellent customer experience.

Admiral people work hard to keep us at the top of our industry, and are rewarded for it - with competitive pay, great benefits, a share package based on company performance (after a year of service), a great work-life balance, nearby fitness and health centres, and many other perks (read about our benefits).

Find out more about us!

 

If you are interested in this opportunity and you would like further information please contact Kat Gil Mast or give us a call on 0800 118 1619.

 

At Admiral, we are proud to be a diverse business where we put our people and customers first. We understand that a good work life balance is important, and we want you to have an element of freedom to define a working lifestyle that supports this. We are happy to talk about flexible working. Please get in touch for more information.

 

 

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