Pricing Governance Manager

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 contact Recruitment for more information.

Do you want to be part of one of the core departments of the company, ultimately responsible for setting our prices and writing profitable business?

Pricing are looking for someone to help manage the risks we face, navigate the challenges in our regulatory landscape and to add value through assurance in key decision making for the business going forward.  We want someone who will help embrace and embed risk management, and someone who understands the benefits that it will bring.

The reporting line is within Motor Pricing, but the role will have elements that cover process and controls at an overall EUI level.  Specific assignments will be for Home and Travel Insurance products.

The successful candidate will be responsible for supporting the business in running existing governance requirements, identifying improvements and designing and implementing new processes to make us a better department and organisation.  Creating and reviewing numerical analysis will also form part of the role.

In an area that’s constantly developing, you’ll need the desire and ability to drive your own learning and understanding. Existing experience of Pricing or Governance processes would be beneficial but isn’t essential, and pricing training will be provided.

Main Duties 

• Manage and develop a strong team of Pricing Governance Analysts and/or Senior Pricing Governance Analysts.
• Lead Risk Management within Pricing, including appropriate oversight is in place for BAU and change activity.  Ensure risks are identified and assessed ensuring the appropriate level of oversight, documenting the required controls, ensuring Pricing staff at all levels are able to identify risks in their daily roles and help create a good risk and governance culture.  Identify and drive improvements.
• Own Fair Value Assessments and Regulatory Requirements, ensuring they are completed by yourself or your team to a high standard and on a timely basis.
• Ensure that the departments develop and monitor robust Management Information and Key Performance Indicators (KPIs) used to monitor risk levels, and that they provide insightful commentary of key trends.
• Review ad hoc data analysis to provide an understanding of risks faced and drive the closure of Risk events and other Governance related queries.
• Challenge the management to ensure that they implement appropriate oversight plans, ensuring that any required actions are carried forward.
• Build strong relationships with departments outside pricing and other key stakeholders engaged in working with Pricing, helping to ensure that risk events and projects are completed smoothly and in a timely manner.
• Provide an outward and forward-looking perspective to assist Pricing leadership recognise and understand various external market and emerging risks.

Essential Skills & Experience 

• Strong communication and interpersonal skills, with the ability to articulate issues concisely to key stakeholders at various levels and in various forums.
• Numerical skills to understand Pricing impacts and outcomes, and the ability to find creative solutions to support the business in the effective management of Risks and issues.
• A proactive mindset, ability to use initiative to identify and investigate areas of concern.
• Understanding of various regulators’ expectations and industry trends
• A balance of being both customer and commercially focused.
• Ability to work on multiple and varied areas concurrently.

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.