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- Tasks: Join our Strategic Pricing Team to analyse data and optimise pricing strategies.
- Company: Ageas UK is a leading insurance provider focused on innovation and customer satisfaction.
- Benefits: Enjoy flexible working, 35+ days holiday, health support, and tech discounts.
- Why this job: Make a real impact on business growth while developing your analytical skills in a supportive environment.
- Qualifications: Degree in a numerical field and 3+ years in insurance pricing or analytics required.
- Other info: Hybrid work model available; part-time and job share options offered.
The predicted salary is between 42000 - 58500 £ per year.
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Senior Pricing Analyst – Strategic Market, Bournemouth
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Client:
Ageas UK
Location:
Bournemouth, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
5d08584f5487
Job Views:
5
Posted:
14.07.2025
Expiry Date:
28.08.2025
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Job Description:
Job Title:Senior Pricing Analyst – Market
Target Start Date:ASAP
Contract Type:Permanent, Part Time, Full Time, Job Share option available
Salary Range:Up to £52,800 DOE
Location:Bournemouth, hybrid
Senior Pricing Analyst- Market: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 as Senior Pricing Analyst- Market:
- Develop and coach Pricing Analysts.
- Develop, validate, review, and approve predictive machine learning models, exploring new techniques to improve model predictability.
- Deliver up-to-date and accurate datasets for modelling, pricing, and monitoring, while exploring new data sets to enhance models.
- Develop and maintain pricing models and support their deployment.
- Perform price optimisation and improve existing processes using innovative techniques; prepare recommendations for senior stakeholders.
- Deploy and review rates in the live rating engine.
- Maintain and apply models of customer and market behaviour, incorporating machine learning into behavioural models.
- Combine MI, modelling results, and company targets to develop a balanced view of current and future pricing performance.
- Maintain records to coordinate pricing decisions and implementation across teams and decision-making bodies.
- Execute, develop, and manage projects across all stages of the pricing control cycle.
- Inform and influence senior management, heads of department, and peers across the Pricing and Underwriting department.
- Deputise for senior colleagues when required.
Competencies you need asSenior Pricing Analyst- Market:
- Degree level or equivalent in a numerical discipline.
- 3+ years’ experience in insurance pricing or a related analytical background.
- Proficient in using programming languages (, SAS) to manipulate data.
- Experience with predictive modelling techniques such as Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines, and Neural Nets.
- Skilled in programming languages (, R, Matlab, Python, or Octave).
- Knowledge and/or experience in Price Optimisation.
- Proven ability to use analytics to solve complex business problems.
- Experience in influencing colleagues at all levels, including senior management and directors.
- Ability to convey advanced statistical concepts to a non-statistical audience.
- Self-motivated with the drive, energy, and ability to work on your own initiative.
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.
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 Employerstatus in the UK.
Here are some of the benefits you can enjoy at Ageas:
Flexible Working- Smart Working @ Ageasgives 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 InsuranceHealth 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.
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- Returnto work programme after maternity leave.
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Senior Pricing Analyst - Strategic Market employer: Ageas UK
Contact Detail:
Ageas UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst - Strategic Market
✨Tip Number 1
Familiarise yourself with the latest trends in pricing strategies within the insurance sector. Understanding how companies like Ageas are innovating in pricing can give you an edge during discussions and interviews.
✨Tip Number 2
Network with professionals in the insurance and pricing analytics field. Attend industry events or join relevant online forums to connect with current employees at Ageas, which could provide insights into their company culture and expectations.
✨Tip Number 3
Brush up on your programming skills, especially in languages like R, Python, and SAS. Being able to demonstrate your proficiency in these areas during interviews will show that you're well-prepared for the technical aspects of the role.
✨Tip Number 4
Prepare to discuss specific examples of how you've used data analysis to influence pricing decisions in your previous roles. Highlighting your ability to convey complex statistical concepts to non-technical stakeholders will be crucial.
We think you need these skills to ace Senior Pricing Analyst - Strategic Market
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing analysis and data manipulation. Use keywords from the job description, such as 'predictive modelling' and 'price optimisation', to demonstrate your fit for the role.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about the role of Senior Pricing Analyst at Ageas. Mention specific projects or experiences that showcase your analytical skills and ability to influence decision-making.
Showcase Technical Skills: Clearly outline your proficiency in programming languages like R, Python, or SAS in your application. Provide examples of how you've used these skills in previous roles to solve complex business problems.
Highlight Teamwork and Leadership: Since the role involves developing and coaching other analysts, include examples of your leadership experience and ability to work collaboratively. This will show that you can contribute positively to the team dynamic at Ageas.
How to prepare for a job interview at Ageas UK
✨Showcase Your Analytical Skills
As a Senior Pricing Analyst, your ability to analyse data is crucial. Be prepared to discuss specific examples of how you've used statistical techniques and programming languages like R or Python to solve complex problems in previous roles.
✨Understand the Insurance Market
Familiarise yourself with the home insurance market and Ageas's position within it. Demonstrating knowledge about current trends, challenges, and competitors will show that you're genuinely interested in the role and the company.
✨Prepare for Technical Questions
Expect technical questions related to predictive modelling techniques and pricing optimisation. Brush up on concepts like Logistic Regression and Decision Trees, and be ready to explain them in simple terms, as you may need to convey these ideas to non-technical stakeholders.
✨Demonstrate Leadership Potential
Since the role involves developing and coaching other analysts, highlight any leadership experience you have. Share examples of how you've mentored colleagues or led projects, showcasing your ability to influence and inspire others.
