Ageas UK Bournemouth, England, United Kingdom
Job Summary
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 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 successfully compete in the home insurance market. You will support the monitoring of performance and contribute to the profitable development of Ageas’ Household portfolio, through control of pricing. The Senior Pricing Analyst will provide detailed analysis of data using actuarial and statistical techniques that inform pricing actions to increase volume, income and profit, 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.
Qualifications
* 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
Get some of the following benefits as part of Ageas, with a focus on wellbeing and work-life balance:
* Flexible Working – Smart Working, part-time/job-share options, minimum 35 days holiday (inc. bank holidays), ability to buy/sell days.
* Health – Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health Support, Wellbeing activities.
* Wealth – Annual Bonus Schemes, Salary Reviews, Pension, Employee Savings, Loans.
* Work – Well-being activities, mindfulness, sports and social events.
* Family – Maternity/parental benefits and paid leave entitlements.
* Other – Partner Life Assurance and Critical Illness cover, tech deals, car salary exchange, cycle schemes, and more.
* Return to work programmes after parental 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. We are committed to inclusive recruitment and offer support and adjustments throughout the process. We guarantee an interview for applicants with a disability who meet the minimum criteria. For more information, please see Ageas Everyone.
Important Notice – Recruitment Scam Alert: Ageas will never ask for money at any stage of the recruitment process. All legitimate Ageas job opportunities are listed on our official careers pages. Communication will come from verified Ageas email addresses. If unsure, contact recruitment@ageas.co.uk with the subject FRAUD.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Marketing and Sales
* Industries: Insurance
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