Pricing Manager

MotoNovo Finance
Cardiff (Caerdydd)
Up to £45,000 per annum Plus competitive bonus structure and company b
30 Sep 2017
03 Nov 2017
Contract Type
Full Time
35 hours per week
Cardiff City Centre
Up to £45,000 pa + competitive bonus structure and company benefits
MotoNovo Finance has an exciting opportunity for a Pricing Manager to take responsibility for the day to day operation of the Pricing Team.

Based in the heart of the Cardiff City Centre, in our state of the art brand new building, we are looking for an experienced manager to manage and oversee our expanding Pricing Department. The right candidate will be numerically agile and commercially minded whilst having the capability of making commercial decisions through analysis of information and communicating them to senior management.

As a MotoNovian you can enjoy a fantastic benefits package ranging perks such as extra days off for your birthday, Christmas shopping days and so much more in between.

Please note that candidates must successfully complete a credit check prior to attending an interview.

We are committed to the achievement of equal opportunities.

Thank you for your interest in MotoNovo Finance. We endeavour to respond to all applicants however due to the volume of CV's received if you do not receive a response within two weeks please treat your application as unsuccessful on this occasion.

Please read on for the full job description.

To manage and take responsibility for the day to day operation of the Pricing Team, supporting the pricing lifecycle (proposal, origination and portfolio) by detailed analysis and reporting.



Manage the daily running of the Pricing Team by ensuring tasks such as coaching and training , annual leave / sickness absence monitoring team meetings and one-to-one meetings are carried out regularly and effectively.

Review and assess new pricing proposals received from the sales division. Providing in-depth insight and analysis backed up by analysis, evaluation and recommendations

Compare actual new business originated (Profit League) with original new business proposals (Pricing Models), and report key variances to the relevant sales manager and Pricing Committee. Liaise with account manager to understand and explain performance issues. Oversee the production and distribution of month end “profit league” reports.

Compare actual dealer performance (Portfolio reporting) against expected at proposals and at time of origination.

Review and audit mid-tier accounts pricing proposals to ensure mandate are adhered to.

Share knowledge and best practice with sales intelligent, dealer services and MI teams in order to improve the pricing process and pricing lifecycle.

Maintain appropriate models to analyse portfolio, loan profitability, segmentation and pricing.

Identify and monitor emerging issues and trends


Become the point of contact for the securitisation workstream.

Coordinating the delivery and production of company information, investors presentation pack, quarterly reporting pack, due diligent queries and reports to parent companies, stakeholders and investors.


Ensure operational procedures and technical documentation is complete and regularly updated.

Provide expert financial advice and guidance to each business unit as required, including attending dept. meetings, providing workshops or support in whatever form is suitable.

To provide financial analysis and recommendations on any other ad hoc project as directed by the Head of Pricing. Maintain a comprehensive and up to date knowledge and understanding of MotoNovo Finance products and services, providing accurate information and proactively promoting them where appropriate. Ensure that TCF outcomes are adopted and good customer outcomes are achieved within the areas of responsibility.

Maintain an up-to-date knowledge of accounting, legal and regulatory requirements including but not exhaustively; IFRS, tax, data protection, money laundering, health & safety, FCA, employment matters together with other legislative requirement as appropriate. Manage and motivate sub teams, committed to quality and professional customer service to ensure individual performance and divisional results are maximised.

Maintain good knowledge and understanding of all relevant policies and procedures relevant to the role, being compliant with these policies and procedures at all times.

Treat customers fairly and aim to deliver fair customer outcomes in all of our day-to-day processes.

Ensure team are aware of their responsibilities in regards to Treating Customers Fairly.

Work as part of a team – supporting, motivating and assisting colleagues in the operation of the department and throughout the business. Carry out one to one reviews, conduct annual appraisals and interim reviews as well as completing probation reviews.

Recognise, recommend and where appropriate implement improvements to processes and procedures, ensuring that the efficiency, effectiveness and compliance of the department is maintained and activities are in line with current methods. Encourage ideas and suggestions from employees to help achieve strategic aims.

Ensure that all system based records are maintained in an accurate and timely manner (and ensure that data integrity is maintained at all times) as prescribed by regulatory, legislative and company procedures.

Continue to develop self and role by studying relevant training materials and product information and continually develop and improve product knowledge.

Regularly review and evaluate management information to maximise the performance of the department. Ensure this information is provided and communicated in an appropriate and timely manner.

Ensure that prompt and regular communication and support is maintained between all internal and external parties to ensure seamless and consistent service levels are maintained at all times, reporting exceptional matters to line management.

Maintain and review department policies and procedures, or create new ones as required to ensure they are sufficiently robust. Ensure processes are adhered to fully, recognising, recommending and where suitable implementing improvements.

Establish efficient operating standards to ensure that all costs are controlled and monitored in accordance with approved budgets and in addition to promote a culture of cost consciousness throughout the Company.

Ensure department compliance with legislative and regulatory requirements, including not exhaustively; Credit Consumer Act, Data Protection, Anti Money Laundering, Health and Safety, FLA, Employment and other legislative requirements (as applicable).

Ensure departmental business hours are fully resourced.

Where necessary, maintain laid down standards of discipline, rules and regulations in relation to recruitment, training, performance reviews, grievances, disciplinaries and counselling.

Delegate and oversee work undertaken ensuring the department operates effectively and efficiently and that all administrative tasks are completed to a high standard.

Be responsible for dealing with the more complex queries from both staff and external sources to provide an informed response which results in an appropriate consumer outcome, always referring to the TCF Charter

Undertake any other reasonable tasks as requested by line management.

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