At a Glance
- Tasks: Join Ageas as a Senior Pricing Analyst to analyse data and drive pricing strategies.
- Company: Ageas is a leading UK insurer, known for innovation and customer service.
- Benefits: Enjoy flexible working, 35+ days holiday, health support, and tech discounts.
- Why this job: Be at the forefront of pricing strategy in a dynamic team with real impact.
- Qualifications: A quantitative degree and experience in data analysis and predictive modelling are essential.
- Other info: Ageas promotes inclusivity and offers flexible work arrangements.
The predicted salary is between 42000 - 52000 £ per year.
Ageas UK Chandler\’s Ford, England, United Kingdom
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Ageas UK Chandler\’s Ford, England, United Kingdom
Join to apply for the Senior Pricing Analyst – Strategic role at Ageas UK
Job Title: Senior Pricing Analyst
Contract Type: (Full-Time, Part-Time, Job-Share, Flexible options available)
Salary Range: Up to £52,200 DOE
Location: London, hybrid
Senior Pricing Analyst: 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.
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.
- Inform and influence peers in team and across Ageas
- Identify and monitor trends in the market which could affect the pricing and underwriting of our products.
Competencies:
- 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
- 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
- Experienced in the use of a programming language (e.g. R, Matlab, Python or Octave)
- Experience of using Emblem and Radar
- Highly numerate with excellent attention to detail
- Ability to prioritise and re-prioritise tasks to meet business requirements
Performance Measures:
- Delivery of high quality pricing projects from start to end with minimal management input
- Proficiency in data, modelling, pricing and reporting tasks
- Speedy delivery and accuracy of data, models, pricing rates and reports
- Ensure work is reliable and free of errors
- Ensure model accuracy and robustness meet the business need for stability and sustainability
- Creativity and innovation: Quantity and quality of new developments – develop new analytical solutions using industry best practice and taking account of critical business requirements
- Teamwork: Build strong working relationships with colleagues across the business
Here are some of the benefits you can enjoy within the Senior and Lead Vacancies based in our UK Offices:
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.
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 – 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
Getting Around– Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover
Get some Tech– Deals on various gadgets including Wearables, Tablets and Laptops.
Supporting you back to work- Return to work programme after maternity leave
About Ageas:
We’re one of the largest car and home insurers in the UK. Our Peoplehelp Ageas to be a thriving, creative and innovative place to work, which is echoed 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, member of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive. That means if you are applying for a job with us, you will have fair access to support and adjustments throughout your recruitment experience. If the list does not cover the support you need, please contact our Recruitment Team to discuss how they can help. We also guarantee an interview for applicants with a disability who meet the minimum criteria for the role. For more information please see Ageas Everyone.
We have a zero-tolerance approach towards any form of harassment during the recruitment process, ensuring that everyone is treated with respect and professionalism.
Our aim is to have great people everywhere in our business and we’re always looking for outstanding people to join us. Most roles across Ageas allow a proportion of your time to be spent working from home and we’re open to discussing flexible working, including full-time, part-time or job share arrangements.
Important Notice – Recruitment Scam Alert: We are aware of fraudulent activity whereby individuals are being contacted with fake job offers claiming to be from Ageas, often for remote roles such as Administrative Assistants. These scams may include offers of high hourly pay and requests for upfront payments or deposits. Please be aware that Ageas will never ask for money at any stage of the recruitment process. Ageas will always ask you to make an application via our Company Websites and all legitimate Ageas job opportunities are listed on our official careers pages within. Communication will only come from verified Ageas email addresses and if you are unsure about the legitimacy of a job offer or communications you are receiving, please contact recruitment@ageas.co.uk with the subject FRAUD.
Want to be part of a Winning Team? Come and join Ageas.
Click on the ‘Apply button’ to be considered for the Senior and Lead Vacancies based in our UK Offices.
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Senior Pricing Analyst - Strategic employer: Ageas UK
Contact Detail:
Ageas UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst - Strategic
✨Tip Number 1
Familiarise yourself with the latest trends in pricing strategies within the insurance sector. Understanding how competitors are adjusting their pricing models can give you an edge in discussions during interviews.
✨Tip Number 2
Brush up on your statistical analysis skills, particularly in predictive modelling techniques like Logistic Regression and Decision Trees. Being able to discuss these methods confidently will demonstrate your technical expertise.
✨Tip Number 3
Network with professionals in the insurance industry, especially those working in pricing roles. Engaging in conversations can provide insights into the company culture at Ageas and may even lead to referrals.
✨Tip Number 4
Prepare to discuss real-world applications of your analytical skills. Think of specific examples where your data-driven decisions led to improved outcomes, as this will showcase your ability to contribute to Ageas's goals.
We think you need these skills to ace Senior Pricing Analyst - Strategic
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Senior Pricing Analyst role. Focus on your quantitative degree, data analysis experience, and familiarity with predictive modelling techniques.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your understanding of Ageas's goals. Mention specific examples of how your previous work has contributed to pricing strategies or performance management.
Highlight Technical Skills: Emphasise your proficiency in programming languages and statistical packages mentioned in the job description, such as SAS, R, or Python. Provide examples of how you've used these tools in past roles to drive results.
Showcase Problem-Solving Abilities: Include examples in your application that demonstrate your ability to identify market trends and make data-driven decisions. This will show Ageas that you can contribute to their strategic pricing initiatives effectively.
How to prepare for a job interview at Ageas UK
✨Showcase Your Analytical Skills
As a Senior Pricing Analyst, you'll need to demonstrate your ability to analyse complex data. Prepare examples of past projects where you've used statistical techniques or predictive modelling to drive pricing decisions. Be ready to discuss the tools and programming languages you are proficient in, such as SAS, R, or Python.
✨Understand the Insurance Market
Familiarise yourself with the current trends in the home insurance market. Research Ageas UK’s position within the industry and be prepared to discuss how external factors might influence pricing strategies. This shows your genuine interest in the role and the company.
✨Prepare for Technical Questions
Expect technical questions related to pricing models and statistical methods. Brush up on concepts like Logistic Regression, Decision Trees, and Neural Networks. Being able to explain these clearly will demonstrate your expertise and confidence in the subject matter.
✨Emphasise Team Collaboration
The role involves working closely with various teams. Highlight your experience in collaborating with stakeholders and how you’ve influenced decisions in previous roles. Share specific examples that showcase your teamwork skills and ability to communicate complex information effectively.