Market Pricing Analyst (Individual)

AXA UK; Tunbridge Wells, Bournemouth; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider in Tunbridge Wells is seeking an Individual Pricing Analyst for their Pricing Team. The role involves delivering robust pricing models, ensuring compliance with regulations, and optimising individual rates. The ideal candidate should have expertise in retail pricing, knowledge of actuarial techniques including GLMs, and experience with Radar pricing software. Generous rewards package includes salary, bonuses, and well-being services, within a hybrid work environment.

Benefits

Competitive annual salary

Annual bonus

Contributory pension scheme

Life Assurance

Private medical cover

25 days annual leave

Wellbeing services

AXA employee discounts

Qualifications

• Understanding of price optimisation and other actuarial techniques.
• Ability to uphold fair pricing policies and conduct standards.
• Self-motivated with a can-do attitude.

Responsibilities

• Delivering robust market premium models in compliance with regulations.
• Maintaining model performance monitoring with timely reviews.
• Collaborating with teams to align strategies and accelerate value delivery.

Skills

Knowledge of retail pricing data

Modelling techniques including GLMs

Experience using Radar pricing software

Outstanding communication skills

Solution focused with strong desire for improvement

Education

Higher education in mathematics or statistics related discipline

Tools

Radar pricing software

Job description

Description

We’re making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market-leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.

If you love statistics, numbers and solving problems, joining AXA Health’s Pricing Team could be an excellent opportunity for you. We’re looking for an Individual Pricing Analyst. You’ll help deliver the retail pricing strategy for the Individual PMI and non-PMI portfolio, continually refining retail pricing models and fine-tuning optimisation of Individual rates in the market to strike the required balance between volume and value.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.

What you’ll be doing:

• Delivering robust behavioural, demand, and market premium models in Radar, compliant with regulations, and delivering ongoing value for customers and the business.
• Providing ongoing model performance monitoring with timely reviews and agile interim rating adjustments to protect customers and maintain pricing accuracy.
• Maintaining and enhancing Radar LTV models with robust assumptions to deliver reliable lifetime value insights for responsible pricing and customer value.
• Running Radar optimization and rating models to achieve sustainable volume and value, backed by AXA’s trusted analytics.
• Pricing for legacy Individual PMI and non-PMI portfolios before migration, ensuring fairness and regulatory alignment.
• Ensuring robust modelling and performance data, collaborating with Data & Systems to improve accuracy and decision‑making.
• Upholding AXA’s fair pricing policy and conduct standards in pricing proposals, ensuring transparent, fair pricing.
• Fostering strong collaboration with Pricing and Distribution teams to align strategies and accelerate value delivery for customers.

Due to the number of applications, we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we’re able to effectively manage interest. Therefore, if you’re interested in joining us at AXA, please don’t hesitate to apply.

What you’ll bring:

• Knowledge of retail pricing data and modelling techniques, including GLMs and machine learning such as GBMs.
• Understanding of price optimisation and other actuarial techniques including reserving.
• Experience of using Radar pricing software.
• Higher education (equivalent grades of 2:1 or higher) in a mathematics or statistics related discipline and ideally studying towards actuarial qualification.
• Understanding of the regulatory environment in which the business operates and understanding of the dynamics of large organisations.
• Outstanding communication skills.
• Solution focused, with a strong focus on delivery, and desire for continuous improvement.
• Self‑motivated with a can‑do attitude.

This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre‑employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.

What we offer:

At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:

• Competitive annual salary dependent on experience
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• Private medical cover
• 25 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Wellbeing services & resources
• AXA employee discounts

To apply, click on the ‘apply for this job’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to [e-mail].

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Who we are:

At AXA Health, we’re passionate about helping our members to put their health first, whether that’s individuals and families, small businesses, or huge corporates. From fast access to diagnosis and treatment, to guidance and tools that can help them manage their health every day, not just when there’s a problem, our members can be confident we’ll guide them, every step of the way.