Job Title: Pricing Strategy Manager
Location: Solihull / Hybrid role
Hours: Permanent-Full Time
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A bit about us:
At BNP Paribas Personal Finance, we’re part of a global bank and are proud to be a Top Employer UK, providing a great place to work in an open and inclusive environment.
We’re here to provide simple and straightforward consumer finance solutions and we work with many well-known retailers and brands to help their customers finance their purchases in a responsible way.
We care about making a positive impact for our colleagues, customers, partners and the wider community. That’s why we live by our values of we're positive, we’re brave and we own it.
The Role:
The Pricing Strategy Manager is a critical role providing subject matter expertise and the responsibility for driving profitable growth harnessing innovation and data analytics. Required to set and manage our pricing strategy and approach to risk based pricing and in doing so achieving business objectives and regulatory requirements.
Key Responsibilities:
- Developing a virtual ‘optimisation lab’ working collaboratively with Risk, Finance and Customer Analytics experts
- Day to day management of the optimisation engine using internal and external market data to proactively model scenarios achieve margin and sales objectives within defined risk and regulatory constraints.
- Market and economic benchmarking to ensure product is operating at a competitive advantage and translating that back to key business functions to support constraint settings
- Manage pricing across multiple products, channels and partners. Continually review effectiveness of pricing and develop recommendations for pricing changes
- Accountable for delivery of profitability through optimising commercial levers
- Operating within a framework of authority delivering price changes within prescribed mandate
- Ensure that pricing is appropriate for the level of risk for each customer segment by working with Risk to understand expected risk by channel, partner and customer segment
- Ensure that pricing changes are implemented to meet representative rate regulatory requirements and in place for promotional activity.
- Key stakeholder for development of new channels, partners and customer segments.
- Develop pricing scenarios and proposals to ensure profitability analysis can be completed.
Key Skills:
- Knowledge of commercial levers to deliver P&L results
- Understanding of pricing requirements and impact on commercial results
- Strong analytical skills and ability to develop complex models using excel
- Stakeholder management
- Strong communication skills
- Commercial awareness
- Business case development
- Customer centric approach
Could this be you?
BNP Paribas Personal Finance believe it’s a positive attitude and passion to make things happen that matters most.
What’s in it for you?
As well as working for a Top Employer UK 2022 and being part of a team that changes customer’s lives, there are some excellent benefits too including - a competitive salary, a contributory pension scheme, plus life insurance and private medical insurance, not to mention the all-important 25 days holiday each year to enjoy. There are also perks which give you fantastic discounts off eating out, cinema tickets, days out and much more. There are also monthly awards with plenty of opportunities to win vouchers and prizes. Learn more about what it means to be part of the BNP Paribas Personal Finance team here: BNP Paribas Personal Finance UK - YouTube or click here to learn more about careers at BNP Paribas Personal Finance: Careers (bnpparibas-pf.co.uk).
Equal Opportunities Disclaimer
BNP Paribas Personal Finance promotes equality of opportunity and is committed to ensure that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.
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