Overview 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 focused on technical pricing, market pricing and pricing governance. Several vacancies have arisen, with a need for strong data science, actuarial and governance skills. We\'re looking for an experienced Pricing leader to own and deliver the market pricing strategy for AXA Health. You\'ll fine tune optimisation of Individual and SME rates in the market to strike the required balance between volume and value and delivering the profit and loss (P&L) result. This is a strategic leadership position overseeing a team of ten, reflecting its significant scope and impact within the organisation. 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 our Tunbridge Wells office, visiting clients or attending industry events. We\'re also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.
What you\'ll be doing Delivering the Individual and SME P&L performance in terms of volumes and underwriting profit, in conjunction with Distribution leaders.
Shaping and delivering the strategy for retail pricing models including customer behaviour and market premium models, ensuring sophistication is in line with or better than best practice in the market.
Delivering price optimisation strategy, gaining buy-in from all key stakeholders.
Ensuring new business initiatives are value adding and ensure insights are available to track performance.
Ownership of renewal pricing strategy, ensuring appropriate value-based retention incentives are in place with performance monitored against targets set.
Expert knowledge of retail pricing data and modelling techniques, including generalised linear model (GLMs) and machine learning such as gradient boosting machine (GBMs), within insurance.
Expertise in price optimisation and other actuarial techniques including reserving.
Previous experience leading and motivating a Market Pricing Team to achieve targets.
Comprehensive understanding of the regulatory environment.
Demonstrable resilience and experience of successfully managing multiple priorities.
Strategic thinker, and able to translate strategy into a delivery plan.
Qualifications and requirements As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
What we offer Competitive annual salary of up to £130,000
Annual company & performance-based bonus
Cash car allowance of £5,200 per annum
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
Additional notes 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.
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