Full Job Description
£65,700 – £87,600
Agile Working Options
Other Agile Working Arrangements / Open to Discussion
Job Description Summary
At Lloyds Banking Group (LBG), we’re driven by a clear purpose – to help Britain prosper. Across the Group, our colleagues are passionate about making a difference to customers, businesses, and communities.
This key role sits within the Refinance Team and is part of the Pricing & Performance team within Mortgages. The team is responsible for Pricing and Forecasting for the Refinance books within Mortgages including Strategy Development, Pricing Optimisation and Proposition Development
What you’ll be doing:
As a Senior Pricing Manager, you’ll be responsible for leading the delivery of pricing and forecasting. Namely, you’ll be accountable for:
The delivery of commercial targets for retention and remortgage products.
You’ll drive the delivery of margin and volume targets while being mindful of wider Retention Strategy, Customer and Market Dynamics
Manage SVR pricing, especially in response to changes in Bank Base Rate. Ensure operational, customer, conduct and regulatory factors are address in all recommendations.
Forecast performance of refinance products
Ensure drivers of product performance are well understood and forecasts represent the best possible views of outcomes on the basis of available information.
Manage forecast accuracy within RBALCO triggers for hedging
Post Implementation Reviews
You’ll ensure that the team analyses and assesses pricing decisions and forecast calls, encouraging a positive cycle of critical reflection and improvement.
Strategic Ad hoc analysis and projects
You’ll lead ad hoc pieces of analysis across the business to address specific hot topics
Recruit, retain and develop high performing colleagues to enhance the capability of the overall Pricing and Performance team
Ensure there is a culture of excellence but also support for colleagues
You will need to have a deep understanding of:
The Mortgage market and LBG’s competitors
Our brands, and how they participate in their respective markets
Our customers, and how pricing changes impact them
The commercial drivers for Mortgages
How to build robust pricing models to help the business make strategic and tactical pricing decisions.
You’ll use this knowledge to shape commercial opportunities that can help transform the value delivered from our products.