Job Title: Senior Pricing Analyst – Market

Contract Type: (Full-Time, Part-Time, Job-Share, Flexible options available)

Salary Range: £35,200 - £52,800 DOE

Location:Bournemouth

Work Level: 3

Senior Pricing Analyst – Market: Ageas have an exciting opportunity for a Senior Pricing Analyst to join the Strategic Pricing Team. Ageas is in the process of delivering wholesale improvement to its pricing sophistication, performance management capability and technical excellence, in order to successfully compete in the home insurance market and as such you will be at the forefront in delivering this strategy. 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 sophisticated actuarial and statistical techniques that inform pricing actions to increase volume, income and profit. The resulting pricing actions will have a direct and immediate impact on the future profitability and growth of the business, with key 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.
Develop and maintain pricing models and support their deployment.
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.

Competencies:

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.
Performance Measures:
Delivery of high quality pricing projects from start to end with minimal management input
Proficiency in data, modelling, pricing and reporting tasks
Speedy delivery and accuracy of data, models, pricing rates and reports
Ensure work is reliable and free of errors
Ensure model accuracy and robustness meet the business need for stability and sustainability
Creativity and innovation: Quantity and quality of new developments - develop new analytical solutions using industry best practice and taking account of critical business requirements
Teamwork: Build strong working relationships with colleagues across the business

Here are some of the benefits you can enjoy within the JOB.TITLE 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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Senior Pricing Analyst - Market