Job Title: Lead Market Pricing Analyst
Contract Type: Permanent – Full-Time, Part-Time, Job-Share options available
Salary Range: £48,000 - £72,000 dependant on experience
Location: Bournemouth - Hybrid
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. They will directly influence the future growth of the business, with key deliverables to increase conversion, retention and overall company income and profitability.
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:
- Management, development and coaching of Pricing Analysts.
- Develop, validate, review, and approve predictive machine learning models; exploring new machine learning techniques to improve model predictiveness.
- Development and delivery of up to date and accurate datasets for modelling, pricing and monitoring; exploring new data sets and their ability to enhance models.
- Development and maintenance of pricing models and support for their deployment.
- Carry out price optimisation and improve on existing price optimisation processes using innovative techniques; prepare recommendations for senior stakeholders.
- Carry out deployment and review of rates into live rating engine.
- Maintenance and application of models of customer and market behaviour; incorporating machine learning into behavioural models.
- Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
- Maintenance of records to coordinate pricing decisions and implementation across teams, decision making bodies and implementation pathways.
- Execution, development and project management across all stages of the pricing control cycle as required
- Inform and influence senior management, heads of department, and peers across the Pricing and Underwriting department.
- Deputise for the Senior Pricing Manager or Manager where required, including meetings with senior management of Ageas UK companies.
Skills and experience you need as Lead Market Pricing Analyst
- Educated to degree level or equivalent in a numerical discipline.
- 3+ years’ experience in insurance pricing or related analytical background.
- Highly skilled in the use of programming language (e.g. SAS) to manipulate data.
- Experience in SOME of the following predictive modelling techniques e.g. Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines and Neural Nets.
- Experienced in the use of a programming language (e.g. R, Matlab, Python or Octave).
- Knowledge and/or experience of Price Optimisation.
- Experience of using analytics to solve complex business problems.
- Experience of dealing with and influencing colleagues at all levels up to, and 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 own initiative.
Here are some of the benefits you can enjoy within the Standard Car Pricing Manager role:
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.
- 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 – Yoga, Mindfulness.
- Supporting your Wealth – Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
- Supporting you at Work - Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.
- Benefits for Them – Partner Life Assurance and Critical Illness cover
- Get some Tech – Deals on various gadgets including Wearables, Tablets and Laptops.
- Supporting you back to work - Return to work programme after maternity leave
About Ageas:
We’re one of the largest car and home insurers in the UK. Our people help Ageas to be a thriving, creative and innovative place to work, which is echoed in the service we provide to over four million customers.
As an inclusive employer, we encourage anyone to apply. We’re a signatory of the Race at Work Charter and Women in Finance Charter, and a Disability Confident Employer (which means interviews are guaranteed for applicants with a disability who meet the minimum role criteria). For more information please see Ageas Everyone.
Our aim is to have great people everywhere in our business and we’re always looking for outstanding people to join us. To find out more about Ageas, see About Us.
Want to be part of a Winning Team? Come and join Ageas.
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