We're making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market-leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.
Do you have an interest in pricing portfolio management? If you have experience leading, developing and motivating a Pricing, Underwriting or Finance team, this could be the role for you. You'll deliver the portfolio management strategy, through robust underwriting performance projections at a granular level, ensuring incentives and deals add value. You'll deliver case-by-case pricing and underwriting decision-making in individual and small to medium enterprise (SME) areas, ensuring decisions further optimise portfolio performance. You'll build relationships with other Pricing teams, Distribution, Servicing, and Finance.
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at either our Tunbridge Wells or Bournemouth offices, visiting clients or attending industry events.
What you'll be doing:
* Produce projections of underwriting performance, feeding into Finance teams planning and forecasting.
* Collaborate with other Pricing and Insight teams to agree appropriate strategic plan and forecasting assumptions for projection models.
* Support the GUO Portfolio Management process, producing analysis and material to meet AXA Group requirements.
* Ensure appropriate value-based retention incentives are in place, rolling out initiatives to front line teams, recommending appropriate corrective action is taken if underperforming.
* Collaborate with AXA Retail Pricing and Distribution teams to agree new business initiatives, rolling out into Sales and Operational teams. Recommend appropriate corrective action is taken if underperforming.
* Confirm risk underwriting and referral decisions at case-by-case level are appropriate and in line with underwriting guides, automating decisions or delegating to front line teams where possible, with positive underwriting audit results.
* Review large SME pricing carried out by Corporate Pricing team. Ensure it's appropriate for risk.
* Make sure customer impact is considered in all risk underwriting decisions, ensuring fair treatment of customers.
* Lead the Portfolio Management team, coaching and developing direct reports, ensuring priorities are aligned with AXA Health business objectives and the impact of deliverables is well understood.
Due to the number of applications, we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we're able to effectively manage interest. Therefore, if you're interested in joining us at AXA, please don't hesitate to apply.
What you'll bring:
* Previous experience leading, developing, coaching and motivating a Pricing, Underwriting or Finance team.
* Expert knowledge of the dynamics of the private medical insurance (PMI) market.
* Comprehensive understanding of the regulatory environment in which AXA Health operates.
* Demonstrable knowledge of pricing and key drivers of performance.
* Excellent analytical skills with relevant experience.
* Demonstrable resilience and experience of successfully managing multiple priorities.
* Strategic thinker, and able to translate strategy into a delivery plan.
* Outstanding communication and influencing skills.
* Solution focused, with a strong focus on delivery, and desire for continuous improvement.
* Appreciation of the benefits, value and need for collaboration.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre-employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.
What we offer:
At AXA UK, we're appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:
* Competitive annual salary dependent on experience
* Annual company & performance-based bonus
* Contributory pension scheme (up to 12% employer contributions)
* Life Assurance (up to 10 x annual salary)
* Private medical cover
* 28 days annual leave plus Bank Holidays
* Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
* Wellbeing services & resources
* AXA employee discounts
To apply, click on the 'apply for this job' button, you'll then need to log in or create a profile to submit your CV. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to saraya.-
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Who we are:
At AXA Health, we're passionate about helping our members to put their health first, whether that's individuals and families, small businesses, or huge corporates. From fast access to diagnosis and treatment, to guidance and tools that can help them manage their health every day, not just when there's a problem, our members can be confident we'll guide them, every step of the way.