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

• Predictive Model Development: Lead the creation, validation, and review of predictive models, including machine learning models, and recommend their use in risk pricing.
• Data Accuracy: Ensure the accuracy and appropriateness of data used for modelling, pricing, and monitoring.
• 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.
• Tender Support: Provide risk pricing support for tender responses, working closely with Distribution and Underwriting teams.
• 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.
• Monitoring Dashboards: Develop and lead the creation of monitoring dashboards that meet business needs.
• Project Management: Execute, develop, and manage projects across all stages of the price control cycle.
• Team Influence: Inform and influence peers within the team and across Ageas.
• Strategic Initiatives: Work with underwriting and pricing teams to deliver on strategic initiatives.
• Market Trends: Identify and monitor market trends that could impact the pricing and underwriting of products.

Skills and Experience

• A good quantitative degree in Statistics, Mathematics or Actuarial Science.
• Experience in a relevant role in a data-driven environment.
• Knowledge of Home insurance products is essential.
• Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis.
• Experienced in the use of a programming language (SAS, R, Python) and/or statistical packages.
• 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.

Benefits

• Flexible Working - Smart 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.
• 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.

Diversity & Inclusion

We are 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.