At a Glance
- Tasks: Analyse data to optimise pricing strategies and enhance profitability in the home insurance market.
- Company: Join Ageas, a leading insurer focused on innovation and strategic growth.
- Benefits: Enjoy flexible working, generous holiday, health support, and tech discounts.
- Other info: Be part of a supportive team with excellent career development opportunities.
- Why this job: Make a real impact on pricing strategies and drive business growth.
- Qualifications: Strong quantitative skills and experience with statistical software and programming languages.
Ageas have an exciting opportunity for a Senior Pricing Analyst to join the Strategic Pricing Team. Ageas is in the process of delivering wholesale improvement to its pricing sophistication, performance management capability and technical excellence, in order to successfully compete in the home insurance market and as such you will be at the forefront in delivering this strategy. You will support the monitoring of performance and contribute to the profitable development of Ageas’ Household portfolio, through control of pricing. The Senior Pricing Analyst will provide detailed analysis of data using sophisticated actuarial and statistical techniques that inform pricing actions to increase 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.
Main Responsibilities:
- Develop, validate and review predictive models including machine learning models.
- Run data for modelling, pricing and monitoring.
- 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 options 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.
- Maintenance of records to coordinate pricing decisions and implementation across teams, decision making bodies and implementation pathways.
- Execution, development and project management across all stages of the price control cycle as required.
Skills and Experience:
- Experience of using Emblem or Radar.
- A good quantitative degree, e.g. in Statistics, Mathematics or Actuarial Science.
- Experience in a relevant role in a data-driven environment.
- Knowledge of insurance products and distributions (direct, intermediary, aggregators).
- Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis.
- Experienced in the use of programming language (e.g. SAS) and/or statistical packages e.g. actuarial pricing software.
- Experienced in the use of a programming language (e.g. R, Matlab, Python or Octave).
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.
Benefits:
- Flexible Working: Smart Working at 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.
Senior Pricing Analyst in London employer: Ageas Insurance Ltd
Ageas is an exceptional employer, offering a dynamic work environment where innovation and strategic thinking are at the forefront of our mission in the home insurance market. With flexible working arrangements, extensive health and well-being support, and a commitment to employee growth through continuous learning opportunities, we empower our team members to thrive both personally and professionally. Join us in a culture that values collaboration and rewards your contributions with competitive benefits and a supportive atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Ageas. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by practising your data analysis skills. Be ready to discuss how you've used statistical techniques in past roles. Show them you're not just a number cruncher but a strategic thinker!
✨Tip Number 3
Don’t forget to showcase your programming skills! Whether it’s SAS, R, or Python, be prepared to talk about how you’ve used these tools to drive pricing strategies and improve performance.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Pricing Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Pricing Analyst role. Highlight your experience with predictive models and data analysis, as these are key for us at Ageas. Use specific examples that showcase your skills in a data-driven environment.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Tell us why you're passionate about pricing analysis and how your background aligns with our goals at Ageas. Be sure to mention any relevant experience with Emblem or Radar, as we love seeing that expertise.
Showcase Your Technical Skills:Don’t forget to highlight your programming skills! Whether it’s SAS, R, or Python, let us know how you’ve used these tools in your previous roles. This will help us see how you can contribute to our sophisticated pricing strategies.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, you’ll find all the details you need about the role and our amazing benefits!
How to prepare for a job interview at Ageas Insurance Ltd
✨Know Your Numbers
As a Senior Pricing Analyst, you'll be dealing with data all the time. Brush up on your statistical techniques and be ready to discuss how you've used them in past roles. Be prepared to explain your experience with predictive models and how they can impact pricing strategies.
✨Showcase Your Technical Skills
Make sure you highlight your experience with programming languages like R, Python, or SAS. Bring examples of how you've used these tools to manipulate large datasets or develop pricing models. This will show that you're not just familiar with the software but can also apply it effectively.
✨Understand the Market
Familiarise yourself with the home insurance market and Ageas' position within it. Be ready to discuss current trends and how they might affect pricing strategies. Showing that you understand the competitive landscape will demonstrate your strategic thinking.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you'll need to think on your feet. Practice articulating how you would approach specific pricing challenges or model development tasks. This will help you convey your problem-solving skills and analytical mindset.
