Technical Pricing Manager

Ageas; Greater London; Hybrid; GBP 84,000; Full time

Job summary

A leading insurance company in the UK is looking for a Technical Pricing Manager to join their Underwriting department. This role will involve managing projects, performing actuarial modelling, and developing high-impact pricing solutions. The ideal candidate will have a degree in a numerate field and experience in actuarial pricing. Benefits include flexible working arrangements, competitive salary, health support, and an annual bonus. Hybrid work options are available, making it suitable for those looking to balance their personal and professional lives.

Benefits

Flexible working arrangements

Health cash plan

Annual bonus schemes

Minimum 35 days holiday

Qualifications

• Experience of actuarial pricing or statistical modelling in a regulated industry.
• Knowledge of pricing and underwriting principles in a large business scale.
• Ability to present complex concepts clearly to stakeholders.

Responsibilities

• Create complex actuarial models and interpret results for innovative pricing.
• Assist in statistical analyses to solve business problems.
• Communicate statistical models and results to stakeholders.

Skills

Actuarial pricing

Statistical modelling

Data science techniques

Python

R

Statistical analysis software

Problem solving

Education

2.1 or above degree in a numerate discipline

Tools

Willis Towers Watson (Emblem, Radar)

Job description

Job Title: Technical Pricing Manager

Target Start Date: ASAP

Contract Type: Permanent, Part Time, Full Time, Job Share option available

Salary Range: Circa £84,000

Location: Hybrid - London

Technical Pricing Manager: An opportunity has arisen to join Ageas’s Underwriting department in the Technical Pricing team. Technical Pricing are responsible for the production of specialist statistical risk models for our insurance products including Private Car, Van, Bike and Household. While we have offices in London, Eastleigh and Bournemouth, we will accommodate working from home full-time.

This exciting role as Technical Pricing Manager offers the opportunity to explore and use new technologies and be involved in delivering strategic change such as improving the sophistication of models and deploying the latest data science techniques to generate profitable business growth. The Technical Pricing Manager will manage projects, assist in guiding data preparation, performing and reviewing actuarial modelling and interpreting results that drives high impact and, intelligent pricing solutions – all of which will help drive our competitive positioning.

The ideal Technical Pricing Manager must be commercially focussed to work in partnership with senior stakeholders for them to make better informed decisions when it comes to setting pricing rates.As a technical expert in your field, the Technical Pricing Manager will manage and develop pricing analysts to turn data into information that ultimately drives a truly value based pricing proposition.

Main Responsibilities as Technical Pricing Manager:

• Creating complex, robust actuarial models and interpreting the results to deliver high impact, innovative pricing
• Assisting in the production of ad-hoc actuarial and statistical analyses, working with stakeholders across the company to solve a wide range of business problems.
• Producing reports, documentation, and presentations to communicate statistical models and results to key stakeholders.
• Identifying opportunities to challenge and improve existing methodologies, deploying new analytical techniques that deliver new insights and tangible operational improvements.

Skills and experience you need as Technical Pricing Manager:

• Experience of Actuarial pricing or statistical modelling, preferably within a regulated, multi-divisional industry.
• Experience of data science techniques in Python or R.Specialist knowledge in statistical analysis software – Willis Towers Watson (Emblem, Radar) is highly advantageous.
• 2.1 or above degree in a numerate discipline: for example, but not limited to, Mathematics, Statistics, Engineering, Physics, Computer Science or Actuarial Science.
• Expertise in understanding pricing and underwriting principles ideally within personal or commercial lines on a large business scale i.e. Ageas underwrites c. £2bn of GWPs.
• Making decisions about the production and maintenance of pricing models and evaluate and identify the profitability and price position of new and existing product propositions.
• A high level of problem solving is required, both logically and laterally, along with an ability to engage in research. The job holder should be able to identify, investigate and interpret the results of an analysis, considering past the more obvious first order effects.
• Previous experience of working in partnership with teams and senior stakeholders in order to influence, gain buy in and share knowledge with particular emphasis on being able to present difficult concepts clearly.

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.

Here are some of the benefits you can enjoy at Ageas:

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 Insurance Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities – Mindfulness.

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

Supporting you at Work – Well-being activities, 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.

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

Getting around – Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.

Supporting you back to work – Return to work programme after maternity leave.

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. 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 discussing flexible working, including full-time, part-time or job share arrangements. 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.

Important Notice – Recruitment Scam Alert:

We are aware of fraudulent activity whereby individuals are being contacted with fake job offers claiming to be from Ageas, often for remote roles such as Administrative Assistants. These scams may include offers of high hourly pay and requests for upfront payments or deposits. Please be aware that Ageas will never ask for money at any stage of the recruitment process. Ageas will always ask you to make an application via our Company Websites and all legitimate Ageas job opportunities are listed on our official careers pages within. Communication will only come from verified Ageas email addresses and if you are unsure about the legitimacy of a job offer or communications you are receiving, please contact [e-mail] with the subject FRAUD.