Job Title: Senior Market Pricing Analyst
Target Start Date: ASAP
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: £40,000 - £50,000
Location: Hybrid, Eastleigh / Bournemouth once a month
Closing Date for applications: Friday 12th June
Senior Market Pricing Analyst: Fantastic opportunity to join our Market Pricing team as a Senior Pricing Analyst, assisting to plan and deliver pricing related projects to deadline and quality standards. You will directly influence the future growth of the business, with key deliverables to increase conversion, retention and overall company income and profitability. You will work closely with cross-functional teams across all products to develop and implement optimisation models, analyse market trends, and make data-driven decisions to ensure our pricing strategies align with our business objectives.
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 Senior 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 Senior Market Pricing Analyst:
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Development and coaching of Pricing Analysts.
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Develop, validate, review and approve models of customer and market behaviour; incorporating machine learning into behavioural models; including the exploration of new techniques to improve model predictiveness.
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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.
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Development and maintenance of pricing models and support for their deployment.
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Carry out price optimisation and improve on existing price optimisation processes using innovative techniques; prepare recommendations for senior stakeholders.
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Carry out deployment and review of rates into live rating engine.
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Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
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Maintenance of records to coordinate pricing decisions and implementation across teams, decision making bodies and implementation pathways.
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Execution, development and project management across all stages of the pricing control cycle as required.
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Inform and influence senior management, heads of department and peers across the Direct Business Unit and Underwriting departments.
Skills and experience you need as Senior Market Pricing Analyst:
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Educated to degree level or equivalent in a numerical discipline or qualified by experience.
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Experience in Retail or Risk pricing.
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Knowledge or experience of price optimisation.
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Experience in using Emblem, Radar, Databricks or industry equivalent.
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Highly skilled in the use of programming language (e.g. SAS) to manipulate data.
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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.
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Experienced in the use of a programming language (e.g. R, Matlab, Python or Octave).
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Experience of using analytics to solve complex business problems.
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Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors.
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Ability to convey advanced statistical concepts to a non-statistical audience.
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 – Mindfulness.
Supporting your Wealth- 50% off esure and Sheilas' Wheels motor and home insurance, Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
Supporting you at Work- Well-being activities, 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.
Want to be part of a Winning Team? Come and join Ageas.
Click on the ‘Apply button’ to be considered.
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.
