About NextStep

NextStep connects top consulting talent with high-potential opportunities through smart, AI-powered matching. We partner with ambitious companies across sectors to place experienced professionals in roles where they can have a real impact. On behalf of a client in our partner network, we are currently looking for a Pricing Strategy Manager to join their team.

About the Company

Our client is a leading UK insurance group with revenues exceeding £2bn, offering personal and commercial lines products through both direct and broker channels. With increasing pricing pressure from aggregators and a competitive landscape reshaped by inflation and regulatory change, the Group Strategy team is looking for a Pricing Strategy Manager to lead the development of the firm's long-term pricing framework. The role sits at the intersection of analytics, commercial strategy, and product, and will work closely with the Chief Actuary and CMO.

The Role

As Pricing Strategy Manager, you will lead the development and implementation of the firm's pricing strategy across its core product lines. You will blend analytical rigour with commercial judgement, building models that optimise for both margin and competitive positioning, and translating complex pricing dynamics into clear strategic recommendations for the ExCo. This is a rare opportunity to own a truly critical lever in a large, complex business.

What You'll Do

• Develop and maintain the group's pricing strategy framework, setting the approach to rate adequacy, competitive positioning, and price optimisation across personal and commercial lines.
• Build analytical models to assess the impact of pricing changes on volume, margin, and customer lifetime value and run structured pricing experiments to test assumptions.
• Monitor competitive pricing dynamics across key products and channels, identifying opportunities and threats that require a strategic response.
• Work with Actuarial, Product, and Marketing teams to translate pricing strategy into operational decisions and system requirements.
• Present pricing strategy recommendations to the ExCo and Product Board, with clear articulation of risks, trade-offs, and expected outcomes.

What We're Looking For

• 5–8 years of experience in pricing strategy, commercial analytics, or management consulting, ideally with exposure to financial services, insurance, or subscription-based businesses.
• Strong quantitative background, experienced with statistical modelling, pricing analytics, and working with large datasets (SQL, Python, or R useful).
• Able to think strategically and analytically simultaneously, comfortable with both the numbers and the narrative.
• Excellent stakeholder management skills; credible and persuasive with senior business leaders.
• Exposure to FCA regulatory requirements and consumer duty pricing obligations is a meaningful advantage.

Compensation & Benefits

• Base salary of £75,000 – £95,000, depending on experience.
• Annual performance bonus.
• Private health cover, enhanced pension, and 27 days holiday.
• Hybrid working from London with flexibility to work remotely up to 2 days per week.

How to Apply

To be considered for this role, please create your profile at getnextstep.com. Once your profile is complete, our matching system will evaluate your background against the role criteria and match you with the company if it's a strong fit. No cover letter required.

This role is listed by NextStep on behalf of our client. All applications are handled with confidentiality.