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, competitive salary, 35+ days holiday, and health support.
- Other info: Dynamic team environment with opportunities for career development and coaching.
- 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.
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 (Specialist Car, Van and Bike) will build pricing capability and core skills within the business, as well as influence the strategic direction of 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 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.
Lead Risk Pricing Analyst - Non-Standard Motor in London employer: Ageas Insurance Limited
At Ageas, we pride ourselves on being an excellent employer, offering a flexible working environment that supports a healthy work-life balance, with 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, health support, and well-being activities. Located in London, our hybrid work model allows you to enjoy the vibrancy of the city while contributing to a leading insurance company that values innovation and inclusivity.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Risk Pricing Analyst - Non-Standard Motor in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Ageas Insurance Limited). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Ageas Insurance Limited. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Lead Risk Pricing Analyst - Non-Standard Motor in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Ageas Insurance Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ageas Insurance Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Ageas Insurance Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ageas Insurance Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Ageas Insurance Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Ageas Insurance Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
