# Product and Pricing Manager

**Company**: National Savings and Investments
**Location**: London Borough of Southwark, Greater London
**Work arrangement**: hybrid
**Experience**: senior
**Job type**: full-time
**Salary**: GBP 49,000 - 52,700 per year
**Category**: Finance
**Industry**: Finance

**Apply**: https://www.jobsgopublic.com/job/product-and-pricing-manager-116258?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/job/product-and-pricing-manager-444ea336-239/

## Description

NS&I is one of the largest savings organisations in the UK with more than 24 million customers and over £240 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer.

The Product and Pricing Manager role is a 13-month fixed-term contract to support the Product Team through business transformation. You will have ownership of individual products from the NS&I retail product portfolio, making recommendations on pricing, product features, and customer proposition to help NS&I maintain a balanced portfolio that meets the targets agreed with HM Treasury (HMT) and evolving consumer needs.

**Key Responsibilities:**

**Pricing**

- Ownership and management of the allocated product portfolio to achieve the agreed annual Net Financing (NF) target.

- Analyse data and insights to put forward pricing recommendations to the appropriate audience.

- Prepare NS&I Pricing Submissions for escalation to HMT and the Economic Secretary of the Treasury (EST) for approval.

- Analysing sales/retention/market figures and trends to maintain a deep understanding of external markets regarding pricing of equivalent products.

**Product Management**

- Reviewing and understanding the wider competitor/economic market and NS&I’s position.

- Ownership and development of allocated product portfolio to ensure sustainable NF for the future.

- Understanding of the complete product lifecycle and making recommendations for enhancements where necessary.

- Recommendations of enhancements ensuring alignment with NS&I strategy and Service Delivery Measure (SDM) targets.

- Product Owner/Business Manager of key projects.

**Customer**

- Developing product specific pricing strategies, ensuring that all regulatory, Treating Customers Fairly (TCF), Consumer Duty and policy considerations have been covered in the decision-making process.

- Develop a deep understanding of consumer needs/values and how these impact product design and range.

**Promotion**

- Ensuring product marketing activity benefits NF and customer needs.

- Supporting retention, planning and forecasting to retain customers.

**Channel**

- Working with key stakeholders to model/forecast initiatives to ensure appropriate resourcing and risk identified.

- Driving digital solutions in product design.

**Process/Customer Experience**

- Commissioning research, working with the Experience team to recommend product enhancements and changes to products.

- Leading on user testing to assist with managing customer reaction to product changes and developments.

**Person Specification:**

**Essential Experience:**

- Product management experience, including analytical pricing skills in a regulated environment, preferably within financial services.

- A track record of delivery in large and complex environments.

**Essential Skills:**

- Advanced knowledge of Excel and PowerPoint.

- Number orientated, with robust analytical capability.

- Ability to articulate analysis and ideas through clear and coherent verbal/written presentations.

- Experience of digital proposition development and technological enablement.

- Excellent communication skills and ability to manage relationships effectively.

**Benefits:**

- Salary of £49,000 - £52,700 per year.

- A Civil Service pension with an average employer contribution of 28.97%.

- Flexible hybrid working options.

- 9-day fortnight scheme.

- Generous annual leave – starting at 25 days, increasing to 30 days.

- Performance-related variable pay bonus.

- Enhanced maternity, paternity, adoption and shared parental leave.

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## Skills

### Required
- Excel
- PowerPoint
- analytical pricing
- product management
- digital proposition development

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