Technical Pricing Manager

Ageas UK; Greater London; Hybrid; GBP 71,000 - 84,000; Full time

Job summary

A leading insurance provider is seeking a Technical Pricing Manager to join their Underwriting department. The role involves creating actuarial models, collaborating with stakeholders, and utilizing data science techniques to improve pricing strategies. Candidates should possess a numerate degree and experience in actuarial pricing or statistical modelling. Benefits include flexible working options, extensive health and financial support, and a competitive salary package.

Benefits

Flexible working hours

Annual bonus schemes

Health insurance

Pension contributions

Minimum 35 days holiday

Technology discounts

Qualifications

• Experience in actuarial pricing or statistical modelling within a regulated industry.
• Proficient in data science techniques using Python or R.
• Specialist knowledge in statistical analysis software, particularly Willis Towers Watson.

Responsibilities

• Create complex actuarial models to deliver innovative pricing.
• Assist in producing ad-hoc actuarial and statistical analyses.
• Communicate statistical models and results to stakeholders.

Skills

Actuarial pricing or statistical modelling

Data science techniques in Python or R

Statistical analysis software (Willis Towers Watson)

Problem solving

Communication skills with stakeholders

Education

Degree in a numerate discipline

Tools

Python

R

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

Closing Date for applications : Wednesday 29th October

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 :

Experienceof 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.
• 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 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 Employer status in the UK.

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

Flexible Working- Smart Working @ Ageasgives 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 – 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- Returnto work programme after maternity leave.