Loans Pricing Manager - 12 month FTC

JOB TITLE: Loans Pricing Manager – 12 Month FTC

SALARY: The salary banding is £59,850 - £66,500

LOCATION: Chester, Newport, Leeds or Edinburgh

HOURS: 35 hours, full time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

About this opportunity

We’re offering you the unique opportunity to influence the strategic direction of the UKs largest consumer finance provider.  You’ll be responsible for leading the team to optimise individual customer pricing across our four brands – Lloyds, Halifax, BoS and MBNA – and via our own and third-party digital channels, delivering fair value for customers and ensuring responsible lending within risk appetite.

Our Pricing team delivers high quality pricing strategy, profitability analytics capabilities to support the commercial performance and strategic objectives of the Loans business. As a pricing manager, you'll provide actional insight to optimise our commercial performance, pricing, proposition development and customer loan demand within our channels and journeys.

What will I be doing?

• Responsibility for the Loans ‘Best in Class’ pricing strategy. Delivering front-book margin plan, optimising individual customer pricing across all brands using advanced analytics pricing models, navigating pricing approvals secured from Loans Director and/or CEO Consumer Lending

• Extensive market knowledge and awareness – making recommendations from your insight to shape the Loans commercial agenda

• Maximising commercial impact, employing and maintaining internal and external team member relationships – including our third-party suppliers

• Ultimately responsible for the maintenance of pricing risk, ensuring product and pricing delivers fair value to customers and that pricing decisions are within credit risk appetite

• Ownership and maintenance of an accurate view of front-book profitability, including funding cost via hedging process with Treasury, expected loss rates via credit risk, cost and capital assumptions via Finance and CRDIV programme

• Ownership of pricing and profitability forecasts, including lending, balance sheet, market share and margin outlook  

Why Lloyds Banking Group

We’re on an exciting journey and there couldn’t be a better time to join us. The investments we’re making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.

What you’ll need

• Highly numerical, data-driven individual, responsible for maximising commercial performance, having a clear understanding of financial metrics and performance drivers. Ability to think long-term and identify commercial opportunities that align with customer needs and business goals

• Unafraid to challenge the status quo, have an intellectually curious outlook, where you seek to innovate and adapt quickly from setbacks. Passionate about solving problems and finding new ways to deliver value

• Proficiency in data analysis, customer analytics, building and validating models for forecasting, pricing, and segmentation and visualisation tools (e.g. Agentic AI, Machine Learning, Python, SQL, SAS, Power BI, Tableau) and experience with cloud-based data platforms (e.g. GCP native tools) providing actionable insight and analytics for the business

• Data Insights and Storytelling: Apply product led thinking to reporting and analytics initiatives, ensuring solutions are user centric, iterative, and aligned to evolving business needs. Translate complex datasets into clear, actionable insights that support operational and strategic goals across Colleague Success. Lead initiatives with urgency and efficiency, managing multiple data projects simultaneously

• Communicate & Influence: Present and influence effectively at all levels of the organisation, including the Group Executive Committee (GEC)

• Market Awareness: Strong understanding of the external environment, including customer trends, competitor strategies, and regulatory developments. 

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it’s why we especially welcome applications from underrepresented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know

We also offer a wide ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey.