Pricing Manager

Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher's global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you'll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we'll build a legacy of trust and triumph in the dynamic world of risk management.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Pen Underwriting was formed in 2014 from 12 leading underwriting businesses, creating a unique company offering unparalleled underwriting services. Today, we are the second largest managing general agent (MGA) in the UK, with 17 underwriting teams and 500 employees across 18 offices. Our vision is to be the go-to virtual insurer, offering a diverse portfolio unmatched in scope, class, territory, and reach.

We are seeking a dynamic and experienced Pricing Manager to join our established Underwriting Insight & Pricing team in our vibrant London office. The primary focus of this role is to manage the performance of our Non-Standard Personal Lines & Property Owners accounts, contributing to our goal of growing our £150m GWP per annum account over the next five years.

• Create and maintain controls to identify potential challenges and work with underwriters to implement solutions.
• Lead the pricing element at internal and external underwriting forums.
• Deliver and maintain pricing analytical solutions for our Personal Lines Home business.
• Recommend initiatives to enhance underwriting profitability and measure the impact of underwriting actions.
• Support the reserving team with mix and rate changes and present our pricing/reserving approach to peer group actuaries.
• Ensure accuracy, timeliness, and documented procedures for workflow management.
• Stay updated on industry initiatives and best practices in pricing/reserving/visualization methods.
• Support business planning through loss ratio projection and analysis.
• Identify opportunities to improve business process efficiency.
• Act as a role model, conducting business ethically and in line with company values and standards.

• Progress toward FIA qualification is advantageous but not essential.
• Experience with Emblem, R, Python, or similar products for implementing Machine Learning techniques.
• Understanding of actuarial reserving and pricing techniques.
• Experience in building risk models for insurance pricing via GLMs.
• Strong analytical, problem-solving, and communication skills.
• Ability to manage large data sets and translate business requirements into practical solutions.
• Eligible to work in the UK.

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with [email protected] . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.