At a Glance
- Tasks: Lead pricing projects using advanced statistical techniques to drive business growth.
- Company: Join Ageas, a top UK insurance provider with a focus on innovation and inclusivity.
- Benefits: Enjoy flexible working, 35+ days holiday, health support, and tech discounts.
- Other info: Opportunity for career growth and coaching junior team members in a dynamic environment.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Degree in a numerical field and 4-5 years of insurance pricing experience required.
The predicted salary is between 60000 - 72000 € per year.
Are you ready to influence the future growth and profitability of a leading insurance company? As a Lead Risk Pricing Analyst - Non-Standard Motor (Specialist Car, Van and Bike) at Ageas, you will plan and deliver pricing projects to high standards, using sophisticated actuarial and statistical techniques. Your work will directly impact our business's volume and profit, and you'll play a crucial role in building pricing capability within our team.
The role will involve the management of detailed analysis of data using sophisticated actuarial and statistical techniques to recommend pricing actions which increase volume and profit. In addition, the Lead Risk Pricing Analyst will build pricing capability and core skills within the business, as well as influence the strategic direction of the Risk Pricing team and within the wider Ageas UK Group.
Main Responsibilities:
- Management, development and coaching of Pricing Analysts and Senior Pricing Analysts.
- Develop, validate, review and approve predictive and machine learning models.
- Development and delivery of up to date and accurate datasets for modelling, pricing and monitoring.
- Development and maintenance of pricing models and support for their deployment.
- Carry out pricing analyses and prepare recommendations for senior stakeholders.
- Carry out deployment/send instructions for rate releases and review of rates into rate engine/live environment.
- Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
- Execution, development and project management across all stages of the price control cycle as required.
- Deputise for the Senior Pricing Manager or Manager where required, including meetings with senior management.
Skills and Experience:
- Degree-educated (or equivalent) in a numerical or analytical discipline, demonstrating strong quantitative capability.
- 4-5 years experience in insurance pricing, with the ability to apply insight to real-world business challenges.
- Proficient in key programming languages such as SAS, Databricks, with the ability to manipulate and interpret complex datasets.
- Hands-on experience with industry-standard tools, including Emblem and Radar.
- Skilled in predictive modelling techniques, such as Logistic Regression, GLMs, and GBMs, with a track record of building robust analytical solutions.
- A strong problem-solver, able to use data and analytics to tackle complex business issues and deliver actionable recommendations.
- Experienced in coaching and developing junior team members, helping to build capability and strengthen pricing expertise within the team.
- Confident influencing stakeholders at all levels, including senior management and directors, with the ability to shape thinking and support key decisions.
- Able to communicate advanced statistical and modelling concepts clearly, translating technical analysis into meaningful insights for non-technical audiences.
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 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.
Lead Risk Pricing Analyst - Non-Standard Motor employer: Ageas Insurance Limited
At Ageas, we pride ourselves on being an exceptional employer, offering a flexible working environment that supports a healthy work-life balance, including options for part-time and job share roles. Our commitment to employee growth is evident through comprehensive training and development opportunities, alongside a robust benefits package that includes generous holiday allowances and health support initiatives. Located in London with a hybrid working model, we foster a collaborative and inclusive culture where your contributions directly influence our success and the well-being of our customers.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Risk Pricing Analyst - Non-Standard Motor
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to risk pricing. Use your knowledge of statistical techniques and predictive modelling to showcase your expertise and problem-solving skills.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings at Ageas and tailor your approach to show how you can contribute to their success.
✨Tip Number 4
Follow up after interviews with a thank-you note. It’s a simple gesture that shows your appreciation and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate your interest in the role!
We think you need these skills to ace Lead Risk Pricing Analyst - Non-Standard Motor
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Lead Risk Pricing Analyst role. Highlight your experience in insurance pricing and any relevant skills, like predictive modelling techniques. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention specific projects or experiences that relate to the job description.
Showcase Your Technical Skills:Since this role involves sophisticated actuarial and statistical techniques, make sure to showcase your proficiency in programming languages like SAS and Databricks. We love seeing hands-on experience with industry-standard tools, so don’t hold back!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Ageas Insurance Limited
✨Know Your Numbers
As a Lead Risk Pricing Analyst, you'll need to demonstrate your strong quantitative skills. Brush up on key statistical techniques and be ready to discuss how you've applied them in previous roles. Prepare examples of predictive modelling techniques you've used, like Logistic Regression or GLMs, and how they impacted pricing decisions.
✨Showcase Your Leadership Skills
This role involves coaching and developing junior team members, so be prepared to talk about your experience in mentoring others. Share specific instances where you’ve helped someone grow their skills or contributed to building a team's capability. Highlight your ability to influence stakeholders at all levels, especially senior management.
✨Familiarise Yourself with Tools
Make sure you're comfortable discussing the industry-standard tools mentioned in the job description, such as SAS, Databricks, Emblem, and Radar. If you have hands-on experience with these tools, prepare to share how you've used them to manipulate complex datasets and deliver actionable insights.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think about real-world business challenges you've faced in insurance pricing and how you approached them. Be ready to explain your thought process and the outcomes of your decisions, showcasing your analytical mindset and strategic thinking.
