Job Title: Lead Pricing Analyst- Strategic
Target Start Date: ASAP
Contract Type: Permanent
Salary Range: Circa £70,000
Location: London / Eastleigh, hybrid - once a month office attendance
Lead Pricing Analyst - Strategic: The Strategic Lead Pricing Analyst plays a crucial role in shaping the company’s long-term market position and profitability through advanced analytics, market research and strategic recommendations.
This role involves leading and reviewing detailed data analysis using sophisticated actuarial and statistical techniques to inform pricing actions aimed at increasing 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.
Additionally, the analyst conducts in-depth market research, utilises advanced analytics, provides strategic recommendations to senior management, enhances risk models with new data insights, collaborates across product lines, and engages in dynamic, project-based work.
Main Responsibilities as Lead Pricing Analyst - Strategic:
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Predictive Model Development: Lead the creation, validation, and review of predictive models, including machine learning models, and recommend their use in risk pricing.
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Data Accuracy: Ensure the accuracy and appropriateness of data used for modelling, pricing, and monitoring.
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Data Assessment: Evaluate new internal and external data to enhance risk pricing, build cost-benefit analyses, and present findings to stakeholders. Collaborate with pricing and implementation teams to deploy new data.
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Tender Support: Provide risk pricing support for tender responses, working closely with Distribution and Underwriting teams.
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Pricing Analysis: Conduct and lead pricing analyses, prepare options for senior stakeholders, and clearly present findings to gain their buy-in. Coordinate rate deployment as needed.
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Monitoring Dashboards: Develop and lead the creation of monitoring dashboards that meet business needs.
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Project Management: Execute, develop, and manage projects across all stages of the price control cycle.
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Team Influence: Inform and influence peers within the team and across Ageas.
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Strategic Initiatives: Work with underwriting and pricing teams to deliver on strategic initiatives.
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Market Trends: Identify and monitor market trends that could impact the pricing and underwriting of products.
Skills and experience you need as Lead Pricing Analyst - Strategic:
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A good quantitative degree in Statistics, Mathematics or Actuarial Science.
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Experience in a relevant role in a data-driven environment.
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Knowledge of Home insurance products is essential.
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Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis.
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Experienced in the use of a programming language (SAS, R, Python) and/or statistical packages.
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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.
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.
Here are some of the benefits you can enjoy at Ageas:
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.
Supporting you and your Family- Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay and paternity/non-pregnant parent/co-adopter at 8 weeks’ full pay.
Benefits for Them- Partner Life Assurance and Critical Illness cover.
Get some Tech- Deals on various gadgets including Wearables, Tablets and Laptops.
Getting around- Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.
Supporting you back to work- Return to work programme after maternity leave.
About Ageas:
We are 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. We show this 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, member of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive. That means if you are applying for a job with us, you will have fair access to support and adjustments throughout your recruitment experience. If the list does not cover the support you need, please contact our Recruitment Team to discuss how they can help. We also guarantee an interview for applicants with a disability who meet the minimum criteria for the role. For more information, please see Ageas Everyone.
We have a zero-tolerance approach towards any form of harassment during the recruitment process, ensuring that everyone is treated with respect and professionalism.
Our aim is to have great people everywhere in our business and we’re always looking for outstanding people to join us. Most roles across Ageas allow a proportion of your time to be spent working from home and we’re open to discussing flexible working, including full-time, part-time or job share arrangements. To find out more about Ageas, see About Us.
Important Notice – Recruitment Scam Alert: We are aware of fraudulent activity whereby individuals are being contacted with fake job offers claiming to be from Ageas, often for remote roles such as Administrative Assistants. These scams may include offers of high hourly pay and requests for upfront payments or deposits. Please be aware that Ageas will never ask for money at any stage of the recruitment process. Ageas will always ask you to make an application via our Company Websites and all legitimate Ageas job opportunities are listed on our official careers pages within. Communication will only come from verified Ageas email addresses and if you are unsure about the legitimacy of a job offer or communications you are receiving, please contact [email protected] with the subject FRAUD.
Want to be part of a Winning Team? Come and join Ageas.
Click on the ‘Apply button’ to be considered.
