Pricing Analyst

AXA; Leicester; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A global insurance provider in Leicester is seeking an SME Pricing Analyst to deliver retail pricing strategies for the SME PMI and non-PMI portfolio. In this role, you will create and refine pricing models while ensuring compliance and accuracy. The ideal candidate will have a strong background in pricing data, experience with Radar software, and the ability to collaborate effectively with other teams. Enjoy competitive pay, bonuses, and a hybrid work model that balances office and home working.

Benefits

Competitive annual salary dependent on experience

Annual company & performance-based bonus

Contributory pension scheme

Private medical cover

25 days annual leave plus Bank Holidays

Opportunity to buy or sell up to 5 days leave

Wellbeing services & resources

AXA employee discounts

Qualifications

• Knowledge of GLMs and machine-learning such as GBMs.
• Understanding of the regulatory environment in which the business operates.
• Solution-focused with high delivery standards.

Responsibilities

• Deliver robust behavioural and market premium models compliant with regulations.
• Maintain and enhance Radar LTV models.
• Foster collaboration with Pricing and Distribution teams.

Skills

Knowledge of retail pricing data and modelling techniques

Understanding of price optimisation and actuarial techniques

Experience using Radar pricing software

Outstanding communication skills

Self-motivated with a can-do attitude

Education

Higher education in a mathematics or statistics related discipline

Tools

Radar pricing software

Job description

About the role

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 SME Pricing Analyst. You'll help deliver the retail pricing strategy for the SME PMI and non‑PMI portfolio, continually refining retail pricing models and fine‑tuning optimisation of SME 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.

Responsibilities

• Deliver robust behavioural, demand, and market premium models in Radar, compliant with regulations, and delivering ongoing value for customers and the business.
• Provide ongoing model performance monitoring with timely reviews and agile interim rating adjustments to protect customers and maintain pricing accuracy.
• Maintain and enhance Radar LTV models with robust assumptions to deliver reliable lifetime value insights for responsible pricing and customer value.
• Run Radar optimisation and rating models to achieve sustainable volume and value, backed by AXA's trusted analytics.
• Price for legacy SME PMI and non‑PMI portfolios before migration, ensuring fairness and regulatory alignment.
• Ensure robust modelling and performance data, collaborating with Data & Systems to improve accuracy and decision‑making.
• Uphold AXA's Fair Pricing Policy and conduct standards in pricing proposals, ensuring transparent, fair pricing.
• Foster strong collaboration with Pricing and Distribution teams to align strategies and accelerate value delivery for customers.

Qualifications & Skills

• 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 using Radar pricing software.
• Higher education (equivalent grades of 2:1 or higher) in a mathematics or statistics related discipline and ideally studying toward an actuarial qualification.
• Understanding of the regulatory environment in which the business operates and the dynamics of large organisations.
• Outstanding communication skills.
• Solution‑focused, with a strong focus on delivery, and a desire for continuous improvement.
• Self‑motivated with a can‑do attitude.

Benefits

• Competitive annual salary dependent on experience
• Annual company & performance‑based bonus
• Contributory pension scheme (up to 12 % employer contributions)
• Life Assurance (up to 10 × 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