Senior Pricing Analyst - Strategic

Ageas; Eastleigh; Hybrid; GBP 40,000 - 53,000; Full time

Job summary

Ageas, a leading provider in the insurance sector, seeks a Senior Pricing Analyst to enhance pricing sophistication and contribute to the growth of the household portfolio. You will conduct in-depth data analysis, manage complex pricing models, and collaborate with teams to implement effective pricing strategies, ensuring profitability and market competitiveness.

Benefits

Flexible Working

35 days holiday

Annual bonus schemes

Competitive pension scheme

Mental health support

Well-being activities

Return to work programme

Qualifications

• Experience in data-driven environment with insurance products.
• Proficiency in programming languages and statistical software.
• Familiarity with predictive modelling techniques such as GLMs.

Responsibilities

• Develop, validate, and review predictive models.
• Carry out pricing analyses and prepare options for stakeholders.
• Monitor pricing performance and implement controls.

Skills

Quantitative analysis

Statistical techniques

Data manipulation

Predictive modelling

Numeracy

Attention to detail

Communication

Education

Good quantitative degree (Statistics, Mathematics, Actuarial Science)

Tools

SAS

R

Python

Actuarial pricing software

Emblem

Radar

Job description

Job Title:Senior Pricing AnalystContract Type:(Full-Time, Part-Time, Job-Share, Flexible options available)Salary Range: Up to £52,200 DOELocation:London, hybrid
Senior Pricing Analyst: Ageas have an exciting opportunity for a Senior Pricing Analyst to join the Strategic Pricing Team. Ageas is in the process of delivering wholesale improvement to its pricing sophistication, performance management capability and technical excellence, in order to successfully compete in the home insurance market and as such you will be at the forefront in delivering this strategy. You will support the monitoring of performance and contribute to the profitable development of Ageas’ Household portfolio, through control of pricing.

The Senior Pricing Analyst will provide detailed analysis of data using sophisticated actuarial and statistical techniques that inform pricing actions to increase volume, income and profit. The resulting pricing actions will have a direct and immediate impact on the future profitability and growth of the business, with key targets to increase conversion, retention and achieve target loss ratios.

Responsibilities:

• Developvalidate and review predictive models including machine learning models
• Run data for modelling, pricing and monitoring
• 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 options 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.
• Inform and influence peers in team and across Ageas
• Identify and monitor trends in the market which could affect the pricing and underwriting of our products.

Competencies:

• A good quantitative degree, e.g. in Statistics, Mathematics or Actuarial Science
• Experience in a relevant role in a data-driven environment
• Knowledge of insurance products and distributions (direct, intermediary, aggregators)
• Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis
• Experienced in the use of programming language (e.g. SAS) and/or statistical packages e.g. actuarial pricing software
• 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 or Octave)
• Experience of using Emblem and Radar
• Highly numerate with excellent attention to detail
• Ability to prioritise and re-prioritise tasks to meet business requirements

Performance Measures:

• Delivery of high quality pricing projects from start to end with minimal management input
• Proficiency in data, modelling, pricing and reporting tasks
• Speedy delivery and accuracy of data, models, pricing rates and reports
• Ensure work is reliable and free of errors
• Ensure model accuracy and robustness meet the business need for stability and sustainability
• Creativity and innovation: Quantity and quality of new developments - develop new analytical solutions using industry best practice and taking account of critical business requirements
• Teamwork: Build strong working relationships with colleagues across the business

Here are some of the benefits you can enjoy within the Senior and Lead Vacanciesbased inour UK Offices:

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 Employerstatus in the UK.

Flexible Working-Smart Working @ Ageas gives employees flexibility around location (as long as it’s within the UK) and, for many of our roles, flexibility within the working day to manage other commitments, such as school drop offs etc. We also offer all our vacancies part-time/job-shares . We also offer a minimum of 35 days holiday (inc. bank holidays) and you can buy and sell days.

Supporting your Health– Dental InsuranceHealth Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities – Yoga, Mindfulness.

Supporting your Wealth– Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.

Supporting you at Work- Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.

Supporting you and your Family– Maternity/pregnant parent/primary adopter entitlement of 16 weeks’ at full pay and paternity/non-pregnant parent/co-adopter at 8 weeks’ full pay.

Benefits for Them– Partner Life Assurance and Critical Illness cover

Getting Around– Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover

Get some Tech– Deals on various gadgets including Wearables, Tablets and Laptops.

Supporting you back to work- Returnto work programme after maternity leave

About Ageas:We’re one of the largest car and home insurers in the UK.Our Peoplehelp Ageas to be a thriving, creative and innovative place to work, which is echoed 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. That means if you are applying for a job with us, you will have fair access to support and adjustments throughout your recruitment experience. If the list does not cover the support you need, please contact our Recruitment Team to discuss how they can help. We also guarantee an interview for applicants with a disability who meet the minimum criteria for the role. For more information please see Ageas Everyone.

We have a zero-tolerance approach towards any form of harassment during the recruitment process, ensuring that everyone is treated with respect and professionalism.

Our aim is to have great people everywhere in our business and we’re always looking for outstanding people to join us. Most roles across Ageas allow a proportion of your time to be spent working from home and we’re open to discussingflexible working, including full-time, part-time or job sharearrangements.

Important Notice – Recruitment Scam Alert:Weare aware of fraudulent activity whereby individuals are being contacted withfake job offers claiming to be from Ageas, often for remote roles such asAdministrative Assistants. These scams may include offers of high hourly payand requests for upfront payments or deposits.Please be aware thatAgeas will never ask for money at any stage of the recruitment process.Ageaswill always ask you to make an application via our Company Websites and alllegitimate Ageas job opportunities are listed on our official careers pageswithin. Communication will only come from verified Ageas email addresses and ifyou are unsure about the legitimacy of a job offer or communications you arereceiving, please contact [e-mail] with the subject FRAUD.

Want to be part of a Winning Team? Come and join Ageas.

Click on the ‘Apply button’ to be considered forthe Senior and Lead Vacanciesbased inour UK Offices.