Overview
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
Senior Pricing Analyst – Market: Ageas have an exciting opportunity for a Senior Pricing Analyst to join the Market Pricing Team. Ageas is delivering wholesale improvements to its pricing sophistication, performance management capability and technical excellence to compete in the home insurance market. You will be at the forefront in delivering this strategy by supporting performance monitoring and the profitable development of Ageas’ Household portfolio through pricing control.
The Senior Pricing Analyst will provide detailed analysis of data using actuarial and statistical techniques to inform pricing actions that increase volume, income and profit. The resulting pricing actions will directly impact future profitability and growth, with targets to increase conversion, retention and achieve target loss ratios.
Responsibilities
* Develop and coach Pricing Analysts.
* Develop, validate, review, and approve predictive machine learning models, exploring new techniques to improve model predictiveness.
* Deliver up-to-date and accurate datasets for modelling, pricing, and monitoring, while exploring new data sets to enhance models.
* Perform price optimisation and improve existing processes using innovative techniques; prepare recommendations for senior stakeholders.
* Deploy and review rates in the live rating engine.
* Maintain and apply models of customer and market behaviour, incorporating machine learning into behavioural models.
* Combine MI, modelling results, and company targets to develop a balanced view of current and future pricing performance.
* Maintain records to coordinate pricing decisions and implementation across teams and decision-making bodies.
* Execute, develop, and manage projects across all stages of the pricing control cycle.
* Inform and influence senior management, heads of department, and peers across the Pricing and Underwriting department.
* Deputise for senior colleagues when required.
Skills and experience
* Degree level or equivalent in a numerical discipline.
* 3+ years’ experience in insurance pricing or a related analytical background.
* Proficient in using programming languages (e.g., SAS) to manipulate data.
* Experience with predictive modelling techniques such as Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines, and Neural Nets.
* Skilled in programming languages (e.g., R, Matlab, Python, or Octave).
* Knowledge and/or experience in Price Optimisation.
* Proven ability to use analytics to solve complex business problems.
* Experience in influencing colleagues at all levels, including senior management and directors.
* Ability to convey advanced statistical concepts to a non-statistical audience.
* Self-motivated with the drive, energy, and ability to work on your own initiative.
Benefits
At Ageas we offer a wide range of benefits to support you and your family, contributing to our Top Employer status in the UK.
* Flexible Working: Smart Working, part-time/job shares, minimum of 35 days holiday (inc. bank holidays) with buy/sell options.
* Health: Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health support, Well-being activities.
* Wealth: Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
* Work-life: Well-being activities, mindfulness sessions, Sports and Social Club events.
* Family: Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay and 8 weeks for paternity/non-pregnant parent/co-adopter.
* Other: Partner Life Assurance and Critical Illness cover.
* Tech: Deals on gadgets, wearables, tablets, and laptops.
* Getting around: Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.
* 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 be a thriving, creative and innovative place to work, serving over four million customers. We are an inclusive employer and encourage anyone to apply. Ageas supports flexible working and diverse working arrangements. For more information, see About Us.
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