Lead Pricing Analyst

Lead Pricing Analyst

Full-Time 48000 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead pricing projects, analyse data, and recommend pricing actions to boost growth.
  • Company: Join Ageas, a top UK insurance provider known for innovation and exceptional service.
  • Benefits: Enjoy flexible working, 35+ days holiday, health support, and tech deals.
  • Why this job: Be part of a dynamic team influencing business strategy and making a real impact.
  • Qualifications: Degree in a numerical field; experience in insurance pricing and programming skills required.
  • Other info: Flexible work options available; inclusive employer committed to diversity.

The predicted salary is between 48000 - 72000 £ per year.

Job Title: Lead Pricing Analyst (Home)
Contract Type: Permanent (Full-Time, Part-Time, Job-Share, Flexible options available)
Salary Range: Circa £60,000
Location: Eastleigh/Bournemouth (Hybrid)

Lead Pricing Analyst (Home): Ageas is a leading insurance provider committed to delivering exceptional service and innovative solutions to our customers. As part of our growth strategy, we are seeking a talented Lead Pricing Analyst to join our dynamic Pricing team in the London office.
The Lead Pricing Analyst will plan and deliver pricing related projects to deadline and quality standards. They will directly influence the future growth and profitability of the business. The role will involve the management of detailed analysis of data using sophisticated actuarial and statistical techniques in order to recommend pricing actions which increase volume and profit. In addition, the Lead Pricing Analyst will build pricing capability and core skills within the business, as well as influence the strategic direction of risk pricing team and within the wider Ageas UK Group.

Please note that this role will be a mixture of working from home and the office.

Main responsibilities for the Lead Pricing Analyst:

  • Management, development and coaching of Pricing Analysts and Senior Pricing Analysts.
  • Develop, validate, review and approve predictive and machine learning models.
  • 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 recommendations 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.
  • Manage the use of our price positioning and competitor analysis in order to decide/recommend, as appropriate, changes to optimise Ageas’ competitive positioning and contribution per policy.
  • Inform and influence senior management and heads of department.
  • Deputise for the Senior Pricing Manager or Manager where required, including meetings with senior management.

The successful Lead Pricing Analyst will have the following:

  • Educated to degree level or equivalent in a numerical discipline.
  • Experience in insurance pricing or related analytical background.
  • Experience in Home pricing would be beneficial.
  • Highly skilled in the use of programming language (e.g. SAS) to manipulate data.
  • 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).
  • Experience of Emblem and Radar.
  • Experience of using analytics to solve complex business problems.
  • Effective coaching of junior staff and development of pricing skills.
  • Experience of dealing with and influencing colleagues at all levels up to, and 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 own initiative.
  • Very strong planning, prioritisation and organisational skills.

Here are some of the benefits you can enjoy within the Lead Pricing Analyst role based in Eastleigh/Bournemouth/London:

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 are one of the largest car and home insurers in the UK. Our People help Ageas to be a thriving, creative and innovative place to work. We show this 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.

To find out more about Ageas, see About Us.

Want to be part of a Winning Team? Come and join Ageas.

Click on the ‘Apply button’ to be considered for our Lead Pricing Analyst opportunity at Ageas in Eastleigh/Bournemouth/London.

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Lead Pricing Analyst employer: Ageas

Ageas is an exceptional employer that prioritises employee well-being and professional growth, offering flexible working arrangements and a supportive work culture. With a commitment to inclusivity and a range of benefits including generous holiday allowances, health support, and development opportunities, Ageas fosters a thriving environment for its employees in the Eastleigh/Bournemouth area. Join us to be part of a dynamic team where your contributions directly influence the future of our business while enjoying a balanced work-life experience.
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Contact Detail:

Ageas Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Lead Pricing Analyst

✨Tip Number 1

Familiarise yourself with the latest trends in insurance pricing, especially in home insurance. Understanding current market dynamics and competitor strategies will help you stand out during discussions with our team.

✨Tip Number 2

Brush up on your programming skills, particularly in SAS, R, or Python. Being able to demonstrate your proficiency in these languages during interviews can significantly boost your chances of landing the role.

✨Tip Number 3

Prepare to discuss your experience with predictive modelling techniques. Be ready to share specific examples of how you've applied these methods to solve complex business problems in your previous roles.

✨Tip Number 4

Showcase your leadership and coaching abilities. Since the role involves managing and developing junior analysts, highlighting your experience in mentoring or leading teams will be crucial in making a strong impression.

We think you need these skills to ace Lead Pricing Analyst

Analytical Skills
Statistical Modelling
Predictive Modelling Techniques
Programming Skills (SAS, R, Matlab, Python)
Data Manipulation
Experience with Emblem and Radar
Coaching and Development Skills
Communication Skills
Project Management
Attention to Detail
Problem-Solving Skills
Ability to Influence Stakeholders
Organisational Skills
Self-Motivation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in insurance pricing and analytical skills. Emphasise your proficiency in programming languages like SAS, R, or Python, as well as any predictive modelling techniques you've used.

Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Lead Pricing Analyst role at Ageas. Mention specific projects or experiences that demonstrate your ability to manage pricing analyses and influence strategic decisions.

Showcase Your Analytical Skills: Provide examples of how you've used data analysis to solve complex business problems. Highlight any experience with machine learning models or statistical techniques that are relevant to the role.

Prepare for Potential Questions: Think about how you would explain advanced statistical concepts to a non-statistical audience. Be ready to discuss your coaching experience and how you've developed junior staff in previous roles.

How to prepare for a job interview at Ageas

✨Showcase Your Analytical Skills

As a Lead Pricing Analyst, you'll need to demonstrate your ability to analyse complex data. Be prepared to discuss specific examples of how you've used statistical techniques or programming languages like SAS or Python to solve business problems.

✨Prepare for Technical Questions

Expect questions about predictive modelling techniques such as Logistic Regression or Decision Trees. Brush up on these concepts and be ready to explain them in simple terms, as you may need to convey advanced ideas to non-statistical audiences.

✨Highlight Your Leadership Experience

Since the role involves managing and coaching junior analysts, share your experiences in mentoring or leading teams. Discuss how you've developed others' skills and contributed to their professional growth.

✨Understand Ageas's Business Model

Familiarise yourself with Ageas's position in the insurance market and their approach to pricing. Being knowledgeable about their products and services will show your genuine interest in the company and help you align your answers with their strategic goals.

Lead Pricing Analyst
Ageas
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