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Head of pricing

FBD Insurance
Head of pricing
Posted: 17 October
Offer description

HeaderThe Head of Pricing is a key role within FBD reporting directly to the Chief Underwriting Officer. You will be responsible for leading pricing activities within the Underwriting function, contributing to the development and execution of strategies for profitable growth across all products, channels and segments underwritten by FBD. This includes analysing market data and cost structures to determine optimal pricing levels and promotional strategies.LeadershipJob ResponsibilitiesManage and develop a pricing team to achieve strategic goals and enhance capability through the development of people and refinement of processes.Contribute to governance committees and strategy development.Pricing Strategy DevelopmentDefine and implement pricing strategies aligned with company objectives.Coordinate, prepare and perform actuarial analyses relating to price adequacy to inform tactical action and strategic direction.Lead the effective development and implementation of technical pricing techniques across all lines of business including developing of new, and enhancement of existing, pricing structures.Develop insights through market research and internal data of customer behaviour and market dynamics to support decision making.Ensuring that pricing strategies and implementation comply with relevant regulations and company policiesStakeholder CollaborationWork closely with Underwriting management and other business areas to ensure pricing strategies are monitored and changes effectively implemented within a governance framework.Provide consultation, direction and technical expertise on actuarial models and risk issues.Assist both internal and external Governance stakeholders on pricing matters.EducationBachelor's degree or equivalent with professional designation.An experienced and qualified actuary (typically 5 years + PQE)ExperiencesRobust technical knowledge of general insurance pricing techniques and processes and analytical systems.CompetenciesStrong experience in people management and an ability to lead and develop teams.Excellent communications skills together with the ability to influence colleagues, internal and external stakeholders and Board.Enthusiasm, drive and an attitude for making things possible.Strong knowledge regulatory environment and requirements.Highly organised with the ability to manage multiple conflicting priorities.BenefitsHybrid working – 2 days in the office / 3 days working from homeHealth Insurance subsidy for employee and familyWellbeing allowanceDefined Contribution Pension SchemeTax Saver SchemesLunch AllowanceDiscounts off home, car and travel insurance.Annual bonusEducation supportFree parkingMCCCommunicating EffectivelyInfluencing and negotiationInsurance Principles and PractiseCultivating RelationshipsProblem solvingFooterThis role is a Control Function (CF-1) and is subject to Fitness and Probity Standards and Corporate Governance Requirements.This role sits within the Manager/Specialist pay grade in the Underwriting Department.FBD is proud to be an Equal Opportunity Employer. We welcome applicants of all ages, genders, ethnicities, cultures, religions, languages, sexual orientations, abilities, disabilities, and social backgrounds.We are dedicated to fostering a diverse, equitable, and inclusive workplace where everyone is encouraged to bring their whole, authentic self to work. Our approach to inclusion is embedded in our hiring practices, pay structures, leadership development, and workplace policies. At FBD, we believe that when our people feel valued and supported, they thrive, and so does our business. We are proud to foster a culture of collaboration, respect, and shared success at every stage of your career.

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