Job Title: Lead Market Pricing Analyst
Target Start Date: ASAP
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: £48,000 - £65,000
Location: Hybrid, Eastleigh / Bournemouth once a month
Closing Date for applications: Monday 13th April
Lead Market Pricing Analyst: Fantastic opportunity to join our Market Pricing team as a Lead Pricing Analyst,assisting to plan and deliver pricing related projects to deadline and quality standards. You will directly influence the future growth of the business, with key deliverables to increase conversion, retention and overall company income and profitability. You will work closely with cross-functional teams across all products to develop and implement optimisation models, analyse market trends, and make data-driven decisions to ensure our pricing strategies align with our business objectives.
The role will involve the management of detailed analysis of data using sophisticated machine learning and statistical techniques within price optimisation to recommend pricing actions which increase volume, income and profit. In addition, the Lead Pricing Analyst will build pricing capability and core skills within the business, as well as influence the strategic direction of retail pricing in the wider Ageas UK Group.
Main Responsibilities as Lead Market Pricing Analyst:
1. Management, development and coaching of Pricing Analysts.
2. Monitoring of trading position to ensure targets are met.
3. Maintenance and application of models of customer and market behaviour; incorporating machine learning into behavioural models; enabling the exploration of new techniques to improve models.
4. Data enhancement, governance and ensuring accurate and relevant datasets for modelling, pricing and monitoring; enabling the exploration of new data to improve models.
5. Carry out price optimisation and improve on existing price optimisation processes using innovative techniques, preparing recommendations for trading forums.
6. Development and maintenance of pricing models, carrying out the deployment and review of rates into live rating engine.
7. Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
8. Execution, development and project management across all stages of the pricing control cycle as required.
9. Inform and influence senior management, heads of department and peers across the Direct Business Unit and Underwriting departments.
10. Deputise for the Senior Pricing Manager where required, including meetings with senior management of Ageas UK companies.
Skills and experience you need as Lead Market Pricing Analyst:
11. Knowledge or experience of price optimisation.
12. Experience in insurance pricing or related analytical background.
13. Educated to degree level or equivalent in a numerical discipline or qualified by experience.
14. Experience in using Emblem, Radar, Databricks or industry equivalent.
15. Highly skilled in the use of programming language ( SAS) to manipulate data.
16. Experience in some of the following predictive modelling techniques Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs.
17. Experienced in the use of a programming language ( R, Matlab, Python or Octave).
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 @ 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- 50% off esure and Sheilas' Wheels motor and home insurance, 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.