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.
- Other info: Ageas promotes inclusivity and offers flexible work arrangements.
- 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.
The predicted salary is between 42000 - 52000 £ per year.
Job Title: Senior Pricing Analyst - Strategic
Target Start Date: ASAP
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: Circa £45,000 DOE
Location: Hybrid, Eastleigh / London once a month
Senior Pricing Analyst - Strategic
Ageas has an exciting opportunity for a Senior Pricing Analyst to join the Strategic Pricing Team. You will support the monitoring of performance and contribute to the profitable development of Ageas’ Household portfolio, through control of pricing. The role requires providing detailed analysis of data using sophisticated actuarial and statistical techniques that inform pricing actions to increase volume, income and profit. The actions will directly impact 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.
- Develop and deliver up-to-date and accurate datasets for modelling, pricing and monitoring.
- Develop and maintain pricing models and support for their deployment.
- Carry out pricing analyses and prepare options for senior stakeholders.
- Deploy rate releases and review rates into rate engine/live environment.
- Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets.
- Maintain records to coordinate pricing decisions and implementation across teams, decision‑making bodies and implementation pathways.
- Execute, develop and manage projects across all stages of the price control cycle as required.
Qualifications 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.
- Experience with programming languages (e.g. SAS) and/or statistical packages such as actuarial pricing software.
- Experience with programming languages (e.g. R, Matlab, Python or Octave).
Benefits at Ageas
- Flexible Working – Smart Working across the UK with flexibility within the working day.
- Minimum of 35 days holiday (incl. bank holidays) with options to buy and sell days.
- Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well‑Being Activities – Mindfulness.
- 50% off E‑sure and Sheilas’ Wheels motor and home insurance.
- Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
- Well‑being activities, mindfulness sessions, sports and social club events.
- Maternity/pregnancy/primary adopter entitlement of 16 weeks at full pay and paternity/non‑pregnant parent/co‑adopter at 8 weeks’ full pay.
- Partner Life Assurance and Critical Illness cover.
- Deals on gadgets including wearables, tablets and laptops.
- Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.
- Return to work programme after maternity leave.
Equality and Diversity
As an inclusive employer, we encourage anyone to apply. We are 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.
Senior Pricing Analyst - Strategic employer: Ageas UK
Ageas UK is an exceptional employer, offering a dynamic work environment in Chandler's Ford that prioritises flexibility and employee well-being. With a commitment to professional growth, employees benefit from extensive training opportunities, competitive salaries, and a comprehensive benefits package that includes generous holiday allowances and health support initiatives. Join a forward-thinking team where your contributions directly impact the company's success in the home insurance market, all while enjoying a supportive and inclusive culture.
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.
