At a Glance
- Tasks: Lead pricing projects, analyse market trends, and optimise pricing strategies.
- Company: Join a forward-thinking company with a focus on innovation and inclusivity.
- Benefits: Flexible working, generous holiday, health benefits, and discounts on insurance.
- Other info: Inclusive employer committed to diversity and career development.
- Why this job: Make a real impact on business growth while developing your analytical skills.
- Qualifications: Degree in a numerical field and experience in retail or risk pricing.
The predicted salary is between 40000 - 50000 £ per year.
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: £40,000 - £50,000
Location: Hybrid, Eastleigh / Bournemouth once a month
Closing Date: Friday 12th June
Role Overview
Fantastic opportunity to join our Market Pricing team as a Senior Pricing Analyst. You will plan and deliver pricing related projects to deadline and quality standards, influence the future growth of the business, and contribute to increasing conversion, retention and overall company income and profitability. You will work closely with cross‑functional teams across all products to develop and implement optimisation models, analyse market trends, and make data‑driven decisions to ensure our pricing strategies align with our business objectives. The role will involve detailed analysis of data using sophisticated machine learning and statistical techniques within price optimisation to recommend pricing actions which increase volume, income and profit. You will also build pricing capability and core skills within the business and influence the strategic direction of retail pricing in the wider Ageas UK Group.
Main Responsibilities
- Development and coaching of Pricing Analysts
- Develop, validate, review and approve models of customer and market behaviour; incorporating machine learning into behavioural models; including the exploration of new techniques to improve model predictiveness
- Development and delivery of up‑to‑date and accurate datasets for modelling, pricing and monitoring; exploring new data sets and their ability to enhance models
- Development and maintenance of pricing models and support for their deployment
- Carry out price optimisation and improve on existing price optimisation processes using innovative techniques; prepare recommendations for senior stakeholders
- Carry out deployment and review of rates into live rating engine
- 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 pricing control cycle as required
- Inform and influence senior management, heads of department and peers across the Direct Business Unit and Underwriting departments
Qualifications and Experience
- Degree level education in a numerical discipline or equivalent experience
- Experience in retail or risk pricing
- Knowledge or experience of price optimisation
- Experience using Emblem, Radar, Databricks or industry equivalent
- Highly skilled in programming languages (e.g. SAS) to manipulate data
- Experience in 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
- Experience with a programming language (e.g. R, Matlab, Python or Octave)
- Experience using analytics to solve complex business problems
- Experience dealing with and influencing colleagues at all levels up to senior management and directors
- Ability to convey advanced statistical concepts to a non‑statistical audience
Benefits
- Flexible working – Smart Working flexibility around location and within the working day, including part‑time/job share options
- Minimum 35 days holiday (incl. bank holidays) with ability to buy and sell days
- Dental insurance, health cash plan, health screening, will writing, voluntary critical illness, mental health first aiders, wellbeing activities including mindfulness
- 50 % discount on Esure 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
- Partner life assurance and critical illness cover
- Deals on gadgets – wearables, tablets and laptops
- Car salary exchange, cycle scheme, vehicle breakdown cover
- Return to work programme after maternity leave
- Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay; paternity/non‑pregnant parent/co‑adopter at 8 weeks’ full pay
Equal Opportunity Employer
As an inclusive employer, we encourage anyone to apply. We are a signatory of the Race at Work Charter and Women in Finance Charter, members of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive. We guarantee an interview for applicants with a disability who meet the minimum criteria for the role. 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 recruitment process includes fair access to support and adjustments throughout the experience. If the list does not cover the support you need, please contact our Recruitment Team to discuss how they can help.
Senior Market Pricing Analyst in Eastleigh employer: Ageas
Join a forward-thinking company that values flexibility and employee well-being, offering a minimum of 35 days holiday and a range of health benefits. With a strong focus on professional development, you will have the opportunity to coach and develop junior analysts while influencing strategic pricing decisions in a collaborative environment. Located in Eastleigh/Bournemouth, this role provides a unique chance to work hybridly, ensuring a balanced work-life dynamic.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Market Pricing Analyst in Eastleigh
✨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 pricing strategies. Be ready to discuss how your skills in data analysis and machine learning can contribute to their goals. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! You want to be able to clearly articulate your experience and how it aligns with the Senior Market Pricing Analyst role. Keep it concise but impactful – think of it as your personal brand statement.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Senior Market Pricing Analyst in Eastleigh
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Market Pricing Analyst role. Highlight your experience with pricing models, data analysis, and any relevant programming skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing strategies and how you can contribute to our team. Be sure to mention any specific projects or achievements that relate to the role.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to showcase your analytical skills in your application. Mention any experience with machine learning techniques or programming languages that you've used to solve complex problems.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Ageas
✨Know Your Numbers
As a Senior Market Pricing Analyst, you'll be dealing with data all the time. Brush up on your numerical skills and be ready to discuss specific examples of how you've used data analysis in previous roles. This will show that you can handle the technical aspects of the job.
✨Master the Tools
Familiarise yourself with the tools mentioned in the job description, like Emblem, Radar, and programming languages such as Python or R. If you can demonstrate your proficiency with these during the interview, it’ll give you a significant edge over other candidates.
✨Showcase Your Strategic Thinking
Prepare to discuss how you've influenced pricing strategies in past roles. Think about specific projects where your recommendations led to increased income or improved pricing models. This will highlight your ability to contribute to the company's growth.
✨Communicate Clearly
You’ll need to convey complex statistical concepts to non-statistical audiences. Practice explaining your past projects in simple terms. This will demonstrate your communication skills and your ability to work cross-functionally, which is crucial for this role.
