Senior Pricing Analyst

AXA UK; Manchester; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance company is seeking a Senior Analyst in Manchester to enhance pricing and analytics strategies. This role involves creating datasets, developing models, and ensuring fair pricing. Ideal candidates should possess strong analytical skills and experience in the insurance sector. The position offers a flexible working environment and a competitive benefits package.

Benefits

Competitive salary

Annual performance bonus

Pension scheme with up to 12% employer contributions

Private medical cover

28 days annual leave plus Bank Holidays

Wellbeing services and resources

Employee discounts

Qualifications

• Strong background in insurance pricing is preferred.
• Expertise in predictive modeling for risk or demand.
• Understanding of machine learning techniques is a plus.

Responsibilities

• Create and validate datasets for analysis.
• Support development of rating models predicting claims costs.
• Contribute to monitoring pricing actions and impacts.

Skills

Analytical thinking

Numerical mathematical skills

Problem-solving skills

Initiative

Education

Degree in mathematics or equivalent proficiency

Tools

Python

R

SAS

SQL

Job description

Description

It's an exciting time in our Pricing and Analytics department. Our transformation programme has recently been relaunched, aligned to AXA Retail's new Pricing and Analytics strategy. We're investing in growing in size and capability across our IT systems, analytical toolset and learning and development. We'd love to hear from motivated people who can help us deliver our commitments to our business, our customers, and our people.

We’re looking for Senior Analysts to lead and support projects across Motor or Home that continually improve productiveness and segmentation of statistical models of claims and demand across products and channels, using both traditional and data science/contemporary techniques.

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. We’re also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.

What you’ll be doing:

• Create, validate and reconcile datasets for analysis and undertake analysis by writing and manipulating code.
• Support in the creation, maintenance and deployment of rating models that predict claims cost, conversion, or retention.
• Contribute to the specification, development and testing cycles for deployment of rates.
• Consider the impact on customers of pricing actions and act to avoid any unfair treatment.
• Lead in producing and developing appropriate monitoring for pricing and other stakeholders.
• Provide technical underwriting and pricing support to assist the business in achieving its plans.
• Build strong relationships with managers, peers and stakeholders.

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:

• Experience in a related Insurance Pricing role is strongly preferred.
• Excellent numerical mathematical skills (a degree in a mathematics related discipline or evidence of equivalent proficiency.
• Knowledge of predictive modelling for Risk and/or Demand models.
• Ability to demonstrate high levels of problem-solving skills and initiative.
• Ability to plan and prioritise own work and that of a small project team.
• Knowledge of tool such as Python, R, SAS, SQL or other analytical language/tools are desirable.
• An understanding of machine learning techniques.
• An awareness of appropriate statistical techniques for insurance analysis.
• As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

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
• 28 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:

AXA Retail helps people live the life they love, knowing we’ve got their back, at home and on the road. Our people are vital to us becoming more digital, faster and easier to access. We’re a dynamic team of experts completely committed to making sure our customers ‘get back to the good stuff’ when the unexpected happens.