Technical Pricing Manager

Expiring today

Milton Keynes, United Kingdom
12 May 2022
24 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Join our community.

Joining the Insurance Team offers a unique opportunity within Santander to be part of an end-to-end business unit contributing to decision making in all aspects from pricing, product design, marketing, finance to product exits. Using an analytical approach, you will be challenged and rewarded in equal measure; finding innovative ways to balance conflicting priorities and arrive at the best outcome for various stakeholders, in a challenging and changing regulatory environment.

As part of the broader Wealth Management and Insurance division you will also be given the opportunity to work closely with group colleagues both in Spain and beyond, developing an understanding and appreciation of how the group operates in different markets across the globe.

You'll be working with Strategic Insurance Partners to develop, deliver and monitor pricing strategies across a range of on-sale and off-sale products. With the opportunity to directly influence customer outcomes and commercial strategies; you will work closely with senior leadership teams internally and externally to deliver against division and personal objectives.

The difference you'll make.
  • Identifying, assessing and managing risks and controls for all projects in the Insurance portfolio in line with business, regulatory and audit priorities.
  • Managing pricing algorithms on 3rd party insurance systems and ensuring that appropriate testing and checks are carried out to maintain their integrity.
  • Managing the margin performance of insurance products, highlighting opportunities for improvement, and using data for competitive advantage.
  • Monitoring the regulatory environment impacting Insurance practices and be reacting with expediency and rigour in the Santander response to such changes.
  • Developing and maintaining key working relationships with third parties.
  • Evaluating and changing programs and policies that are not working.

What you'll bring.
  • A highly analytical approach to all things Pricing and Finance, including managing strategy, reviewing, and scrutinising proposals.
  • Strong and demonstrable experience in reviewing/working with Third Parties and communicating the vision to a technical and non-technical audience.
  • It would also be nice for you to have.
  • Practical experience in the Insurance industry with an understanding of pricing strategy and the impacts of regulation and product decisions on the success of a proposition.
  • The ability to Understand the customers' needs, and then deliver the right products, services, and solutions in the right way and at the right time.
  • An ability to work effectively with missing, incomplete, or conflicting data and still make effective business decisions.
  • Prior knowledge in identifying opportunities and risks in commercial data using evidence-based tools, data analysis and systemic thinking.

What else you need to know.

  • The team consists of 3 members geographically dispersed in UK, so will require lots of virtual collaboration.
  • The role is Milton Keynes based, with some flexible remote working allowed.
  • There will be an expectation to attend the Milton Keynes office when agreed with your Line Manager.
  • Interviews will be conducted face to face where possible, lasting up to 90 minutes in duration.
  • This role is to work on a 9-month secondment contract.

How we'll reward you.

  • As well as a competitive salary, you'll enjoy a benefits package that you can tailor to your needs.
  • Eligible for a discretionary performance-related annual bonus
  • Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us
  • 30 days' holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year
  • £6,000 car allowance per year
  • Company funded individual private medical insurance
  • Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments
  • Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
  • Share in Santander's success by investing in our Sharesave and Partnership shares plans

Learn more about our benefits and family friendly policies

#ThePlaceToBeYourself - Everyday Inclusion at Santander

We are committed to making sure all our colleagues feel they belong and are supported to succeed. Our customers come from a wide range of backgrounds, and so do our people, so we welcome applications from across society.

You can find out more about how we're embedding an inclusive culture that encourages our people to bring their full and authentic selves to work on our Inclusion and Belonging page.

At Santander, we each take personal responsibility for managing risk by embracing the I AM Risk framework - to Identify, Assess, Manage and Report risks, and to continuously build a deeper understanding of the risks we face. It is an important part of our culture at Santander and we will provide you with knowledge to help you manage risks in your role.

What to do next:-

If this sounds like a role you're interested in, then please apply.

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