Pricing Manager (UK & IRE)
Package: £65,000 - £70,000 (plus up to 15% bonus)
Location: Leeds or London
Contract: Permanent
Working Pattern: Full time, 37.5 hours per week
We have an exciting opportunity for a Pricing Manager to join our Underwriting and Pricing team based in Leeds!
As our new Pricing Manager, you will develop new strategic pricing and data capabilities for UK and Ireland using innovative solutions and techniques.
Leading the pricing activity for the UK & Ireland portfolio, the Pricing Manager promotes best in class data driven pricing decisions for MPS to deliver sustainable growth and financial security in the long-term.
As our new Pricing Manager, you will also:
* Provide expertise for the development of new strategic pricing & data capabilities.
* Utilise data science models for all UK & Ireland individual members of MPS to ensure these contribute to improved pricing and member outcomes.
* Collaborate with finance teams to understand costs to serve members including central administration costs.
* Work with the underwriting teams to produce pricing models that take into account changes in practice and member risk.
* Provide leadership across Pricing to deliver on the overall corporate strategy, business performance, and leadership of teams that reinforce the desired culture and delivery of strategic priorities.
We are looking for:
* Expert knowledge of the tools and techniques involved in the pricing of General Insurance or discretionary indemnity products.
* Experience in delivering pricing reviews for significant lines of general insurance business or extensive experience of undertaking medical indemnity pricing reviews.
* Experience in leading and developing a team of technical analysts and/or actuaries.
* Experience of operating products in a regulated environment.
* Actuarial pricing or equivalent background highly desirable.
We welcome applicants from all backgrounds, and we encourage you to apply even if you feel you do not match 100% of the technical requirements. We celebrate diversity, promote inclusivity, and strive to create a work environment which ensures everyone can be heard.
In return, we can offer you:
Alongside a competitive salary as stated above, you will also receive:
* Up to 15% discretionary annual bonus.
* Annual performance-related pay review.
* 11% pension contribution (3% from you, 8% from us – optional additional matched 3% contributions, e.g. 6% from you, 11% from us).
* 25 days annual leave plus flexible bank holidays (option to buy/sell additional 5 days).
* Private Medical Cover.
* Career development and progression opportunities.
* A truly flexible hybrid-working arrangement.
* A culture that promotes inclusivity, wellbeing, and rewards hard work.
* Car Salary Sacrifice scheme.
* Healthcare cash plan.
* 6x salary death in service.
* A personal GP service enabling you to get a video consultation with a NHS-registered private GP.
* Employee Assistance Programme.
* A range of shopping discounts from major high-street retailers.
About the Team
It is a very exciting time to get involved in our Underwriting and Pricing division, as the team are currently reviewing the techniques, rules, and technologies that we use to price and underwrite new and existing business. This will enable and power a new dawn of member-focused pricing and underwriting that streamlines onboarding and renewal processes and provides a best-in-class member experience at each interaction.
How we work
We offer a truly flexible hybrid working arrangement that is centred around our colleagues’ work-life balance. Technology allows us to collaborate effectively regardless of location, but we know sometimes you can’t beat being with your team in-person and our team tends to come on-site once or twice a month. However, we expect this can fluctuate throughout the year depending on our projects and current work.
Who We Are
Medical Protection Society (MPS) is the world’s leading protection organisation for Doctors, Dentists, and healthcare professionals. We protect and support the professional interests of almost 300,000 Members around the world.
We are a not-for-profit organisation, meaning our Members’ premiums are kept safe should our Members require support for complaints or claims arising from professional practice, or invested into bettering the organisation, our colleagues, and our products.
Our philosophy is to support safe practice in medicine and dentistry by helping to avert problems in the first place. We also actively campaign for regulatory and legal reforms that benefit Members and the wider healthcare professions.
To do this, we need colleagues who are trusted and supported to deliver their best work, whether that be through leadership development, fully-funded training courses, or peer-to-peer support. We want our colleagues to feel empowered enough to deliver positive change, display ambition to push themselves, and are determined when faced with a challenge, whilst ensuring our Members' best interests are at the core.
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