Lead Pricing Analyst

Ageas; Bournemouth; On-site; GBP 60,000; Full time

Job summary

Join a forward-thinking insurance provider as a Lead Pricing Analyst, where your analytical skills will directly impact business growth and profitability. In this dynamic role, you'll manage pricing projects, develop sophisticated models, and influence strategic pricing decisions. You'll have the opportunity to work with a talented team, utilizing advanced statistical techniques and programming languages to drive innovation. Enjoy a flexible working environment that supports your professional development and well-being while contributing to a company that values inclusivity and creativity. This is your chance to make a significant impact in the insurance industry!

Benefits

Flexible working options

Health support

Wealth management

Family support

Qualifications

• Degree level education in a numerical discipline is required.
• Experience in insurance pricing or related analytical background is essential.

Responsibilities

• Manage and coach Pricing Analysts and Senior Pricing Analysts.
• Develop and validate predictive and machine learning models.
• Prepare pricing analyses and recommendations for stakeholders.

Skills

SAS

Predictive Modelling

Statistical Analysis

Coaching Skills

Analytical Skills

Education

Degree in Numerical Discipline

Tools

R

Matlab

Python

Emblem

Radar

Job description

Job Title: Lead Pricing Analyst (Home)
Contract Type: Permanent (Full-Time, Part-Time, Job-Share, Flexible options available)
Salary Range: Circa £60,000
Location: Eastleigh/Bournemouth/London (Hybrid)

About the Role: Ageas is a leading insurance provider committed to delivering exceptional service and innovative solutions to our customers. As part of our growth strategy, we are seeking a talented Lead Pricing Analyst to join our dynamic Pricing team in the London office.
The Lead Pricing Analyst will plan and deliver pricing related projects to deadline and quality standards. They will directly influence the future growth and profitability of the business. The role will involve the management of detailed analysis of data using sophisticated actuarial and statistical techniques in order to recommend pricing actions which increase volume and profit. In addition, the Lead Pricing Analyst will build pricing capability and core skills within the business, as well as influence the strategic direction of risk pricing team and within the wider Ageas UK Group.

Please note that this role will be a mixture of working from home and the office.

Main Responsibilities:

• Management, development and coaching of Pricing Analysts and Senior Pricing Analysts.
• Develop, validate, review and approve predictive and machine learning models.
• Development and delivery of up to date and accurate datasets for modelling, pricing and monitoring.
• Development and maintenance of pricing models and support for their deployment.
• Carry out pricing analyses and prepare recommendations for senior stakeholders.
• Carry out deployment/send instructions for rate releases and review of rates into rate engine/live environment.
• Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
• Maintenance of records to coordinate pricing decisions and implementation across teams, decision making bodies and implementation pathways.
• Execution, development and project management across all stages of the price control cycle as required.
• Manage the use of our price positioning and competitor analysis in order to decide/recommend, as appropriate, changes to optimise Ageas’ competitive positioning and contribution per policy.
• Inform and influence senior management and heads of department.
• Deputise for the Senior Pricing Manager or Manager where required, including meetings with senior management.

Minimum Requirements:

• Educated to degree level or equivalent in a numerical discipline.
• Experience in insurance pricing or related analytical background.
• Experience in Home pricing would be beneficial.
• Highly skilled in the use of programming language (e.g. SAS) to manipulate data.
• Experience in SOME of the following predictive modelling techniques e.g. Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines and Neural Nets.
• Experienced in the use of a programming language (e.g. R, Matlab, Python).
• Experience of Emblem and Radar.
• Experience of using analytics to solve complex business problems.
• Effective coaching of junior staff and development of pricing skills.
• Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors.
• Ability to convey advanced statistical concepts to a non-statistical audience.
• Self-motivated, with the drive, energy and ability to work on own initiative.
• Very strong planning, prioritisation and organisational skills.

Benefits:

At Ageas we offer a wide range of benefits to support you and your family inside and outside of work, which helped us achieve Top Employer status in the UK. Benefits include flexible working options, health support, wealth management, and family support.

About Ageas: We are one of the largest car and home insurers in the UK. Our People help Ageas to be a thriving, creative and innovative place to work. We show this in the service we provide to over four million customers.

As an inclusive employer, we encourage anyone to apply. We’re a signatory of the Race at Work Charter and Women in Finance Charter, member of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive.

To find out more about Ageas, see About Us. Want to be part of a Winning Team? Come and join Ageas. Click on the ‘Apply button’ to be considered for our Lead Pricing Analyst opportunity at Ageas in Eastleigh/Bournemouth/London.