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Senior Pricing Analyst - Strategic Market, Bournemouth
Client: Ageas UK
Location: Bournemouth, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Reference: 5d08584f5487
Job Views: 22
Posted: 12.08.2025
Expiry Date: 26.09.2025
Job Description:
Job Title: Senior Pricing Analyst – Market
Target Start Date: ASAP
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: Up to £52,800 DOE
Location: Bournemouth, hybrid
Ageas has an exciting opportunity for a Senior Pricing Analyst to join the Strategic Pricing Team. Ageas is improving its pricing sophistication, performance management, and technical capabilities to compete effectively in the home insurance market. You will be at the forefront of delivering this strategy, supporting performance monitoring and contributing to the profitable development of Ageas’s Household portfolio through pricing control.
The Senior Pricing Analyst will analyze data using advanced actuarial and statistical techniques to inform pricing decisions that increase volume, income, and profit. Your work will directly impact the company's profitability and growth, focusing on increasing conversion, retention, and achieving target loss ratios.
Main Responsibilities as Senior Pricing Analyst - Market:
* Develop and mentor Pricing Analysts.
* Develop, validate, review, and approve predictive machine learning models, exploring new techniques for better predictability.
* Provide accurate datasets for modeling, pricing, and monitoring, exploring new data sources to enhance models.
* Maintain and deploy pricing models.
* Perform price optimization and process improvements, preparing recommendations for senior stakeholders.
* Update rates in the live rating engine.
* Model customer and market behavior, integrating machine learning into behavioral models.
* Combine MI, modeling results, and company targets to assess pricing performance.
* Coordinate pricing decisions across teams and decision bodies.
* Manage projects across all stages of the pricing cycle.
* Advise senior management and peers in the Pricing and Underwriting department.
* Act as deputy for senior colleagues when needed.
Required Competencies:
* Degree or equivalent in a numerical discipline.
* 3+ years’ experience in insurance pricing or related analytics.
* Proficiency with programming languages (e.g., SAS) for data manipulation.
* Experience with predictive modeling techniques such as Logistic Regression, GLMs, GBMs, Decision Trees, Neural Nets, etc.
* Skills in programming languages like R, Matlab, Python, or Octave.
* Knowledge of Price Optimization.
* Ability to use analytics to solve complex problems.
* Experience influencing colleagues at all levels, including senior management.
* Ability to communicate complex statistical concepts clearly.
* Self-motivated with initiative and drive.
Performance Measures:
* Deliver high-quality pricing projects efficiently.
* Proficiency in data handling, modeling, and reporting.
* Accurate and timely delivery of data, models, and reports.
* Ensure model stability, accuracy, and robustness.
* Innovate with analytical solutions aligned with business needs.
* Build strong team relationships.
At Ageas, we offer benefits supporting your work and family, recognized as a Top Employer in the UK. Benefits include flexible working options, health and wellness programs, financial benefits, family leave, partner coverage, tech discounts, transportation schemes, and return-to-work programs after maternity leave.
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