At a Glance
- Tasks: Lead pricing initiatives and manage a team of analysts to optimise motor insurance pricing.
- Company: Join Ageas, a forward-thinking insurance company with a commitment to inclusivity.
- Benefits: Enjoy flexible working, generous holiday, health perks, and tech discounts.
- Other info: Dynamic hybrid work environment with excellent career growth opportunities.
- Why this job: Make a real impact in the insurance industry while developing your leadership skills.
- Qualifications: Degree in a numerical field and experience in insurance pricing or analytics required.
The predicted salary is between 84000 - 84000 € per year.
Target Start Date: ASAP
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: Up to £84,000
Location: Hybrid, London – once a week
Ageas are seeking a highly skilled pricing manager to lead all broker trading initiatives across all motor lines of business. Supported by a team of six pricing analysts, you will work to achieve optimal business outcomes through collaboration with underwriting, distribution, actuarial and finance functions. You will analyse market trends, make data‑driven decisions to align pricing strategies with business objectives, prioritise and deliver pricing projects, manage detailed data analysis using statistical techniques, recommend pricing actions and develop your team.
Main Responsibilities
- Management, development and coaching of Lead, Senior and Pricing Analysts (circa team of 6).
- Prioritisation, planning and delivery of pricing initiatives across all lines of business within the Broker Motor channel, focusing on growth and profit maximisation.
- Ensuring the team and the business have the right trading information, reports and dashboards for optimal decisions.
- Ownership of quote data, responsible for data enhancement, governance and ensuring accurate and relevant datasets for modelling, pricing and monitoring.
- Key role in the multi‑year budgeting process, setting the budget and tracking KPIs.
- Development and maintenance of pricing models and support their deployment.
- Work with the pricing deployments team for rate releases and review rates in rate engine/live environment.
- Project management across all stages of the price control cycle as required.
- Deputise for Head of Pricing when needed, including meetings with senior management and directors of Ageas UK companies.
Skills and Experience
- Educated to degree level or equivalent in a numerical discipline or qualified by experience.
- Extensive experience in insurance pricing or related analytical background.
- Highly skilled in using programming languages such as SAS, SQL, R, Python for data manipulation and processing.
- Experience with Databricks preferred but not essential.
- Experience using WTW Radar or equivalent pricing software.
- Analytical experience solving complex business problems.
- Aware of predictive modelling techniques such as Logistic Regression, Log‑Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, SVMs and Neural Networks.
- Knowledge of broker market functions.
- Effective coaching and development of junior staff and pricing skills.
- Experience influencing colleagues at all levels up to senior management and directors.
- Ability to convey advanced statistical concepts to non‑statistical audiences.
- Self‑motivated, with drive, energy and initiative.
- Strong planning, prioritisation and organisational skills.
Benefits
- Flexible Working – Smart Working within UK, part‑time & job shares, minimum 35 days holiday (inclusive of bank holidays) with buy/sell days.
- Health benefits: Dental insurance, health cash plan, health screening, will writing, voluntary critical illness, mental health first aiders, mindfulness activities.
- Wealth benefits: 50% off Motor & Home insurance, annual bonus schemes, salary reviews, competitive pension, employee savings, employee loans.
- Well‑being activities, mindfulness sessions, sports and social club events.
- Family support: Maternity/pregnancy pay of 16 weeks full pay, paternity/non‑pregnancy pay of 8 weeks full pay; partner life assurance and critical illness cover.
- Tech perks: Discounts on wearables, tablets, laptops.
- Commuting: Car salary exchange, cycle scheme, vehicle breakdown cover.
- Support for return to work after maternity leave.
Ageas is an inclusive employer, a signatory of the Race at Work Charter and the Women in Finance Charter, and a Disability Confident Leader. We guarantee an interview for applicants with a disability who meet the minimum criteria. If you need support or adjustments, contact the Recruitment Team.
Motor Pricing Manager - Trading employer: Ageas UK
Ageas is an exceptional employer that prioritises employee well-being and professional growth, offering flexible working arrangements and a comprehensive benefits package including generous holiday allowances and health support. Located in London, the company fosters a collaborative work culture where innovation thrives, empowering employees to lead impactful pricing initiatives while developing their skills within a supportive team environment.
StudySmarter Expert Advice🤫
We think this is how you could land Motor Pricing Manager - Trading
✨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 researching the company and its culture. Understand their values and how your skills align with their goals. This will help you stand out and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it relates to the Motor Pricing Manager role. Use specific examples to demonstrate your analytical skills and leadership abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Motor Pricing Manager - Trading
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Motor Pricing Manager role. Highlight your experience in insurance pricing and any relevant programming skills. We want to see how your background aligns with what we're looking for!
Show Off Your Analytical Skills:In your application, don’t shy away from showcasing your analytical prowess. Mention specific projects where you’ve used statistical techniques or programming languages like SQL or Python. We love data-driven decision-makers!
Be Clear and Concise:When writing your cover letter, keep it clear and concise. We appreciate straightforward communication, so get to the point while still showing your enthusiasm for the role. Let us know why you’re excited about joining our team!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications better and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Ageas UK
✨Know Your Numbers
As a Motor Pricing Manager, you'll need to demonstrate your analytical skills. Brush up on key statistical concepts and be ready to discuss how you've used programming languages like SAS, SQL, or Python in your previous roles. Prepare examples of how you've solved complex pricing problems using data-driven decisions.
✨Showcase Your Leadership Skills
You'll be managing a team of pricing analysts, so it's crucial to highlight your coaching and development experience. Think of specific instances where you've successfully led a team or influenced colleagues at various levels. Be prepared to discuss your approach to mentoring and how you foster collaboration within your team.
✨Understand the Broker Market
Familiarise yourself with the broker market functions and how they impact pricing strategies. Research current market trends and be ready to discuss how these insights can inform Ageas's pricing initiatives. Showing that you understand the broader context will set you apart from other candidates.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making process. Practice articulating your thought process when faced with challenges, such as prioritising multiple pricing projects or managing data governance issues. This will demonstrate your strategic thinking and organisational skills.
