At a Glance
- Tasks: Lead data analysis and develop innovative pricing strategies to drive business growth.
- Company: Join Ageas, a top UK car and home insurer, known for creativity and innovation.
- Benefits: Enjoy flexible working, 35+ days holiday, health support, and tech deals.
- Why this job: Make a real impact on profitability while collaborating with diverse teams in a supportive culture.
- Qualifications: Strong quantitative degree and experience in data-driven environments required.
- Other info: Flexible working options available, including part-time and job share.
The predicted salary is between 42000 - 98000 £ per year.
Are you passionate about data and analytics? Do you have a knack for leading teams and driving business growth through innovative pricing strategies? If so, we have an exciting opportunity for you! As a Lead Pricing Analyst at Ageas, you will spearhead detailed data analysis using advanced actuarial and statistical techniques. Your insights will directly influence our pricing actions, helping to boost volume, income, and profit. Your work will have a significant impact on our future profitability and growth, with key targets to increase conversion, retention, and achieve target loss ratios.
Main Responsibilities:
- Model Development: Lead the creation, validation, and review of predictive models, including machine learning models. Present and recommend models for risk pricing.
- Data Accuracy: Ensure the accuracy and appropriateness of data used for modelling, pricing, and monitoring.
- Pricing Analysis: Conduct and lead pricing analyses, preparing options for senior stakeholders. Clearly present and communicate your findings to gain stakeholder buy-in.
- Dashboard Development: Develop and maintain monitoring dashboards that meet business needs.
- Data Assessment: Evaluate new internal and external data to enhance risk pricing. Build and present cost-benefit analyses to stakeholders.
- Project Management: Oversee the execution and development of projects across all stages of the price control cycle.
- Collaboration: Work closely with underwriting and pricing teams to deliver strategic initiatives. Inform and influence peers across Ageas.
- Market Trends: Identify and monitor market trends that could impact our pricing and underwriting.
- Tender Support: Provide risk pricing support for tender responses, working closely with Distribution and Underwriting teams.
Skills and Experience:
- A strong quantitative degree in Statistics, Mathematics, Actuarial Science, or a related field.
- Experience in a data-driven environment, with knowledge of insurance products and distributions.
- Proficiency in statistical techniques and programming languages (e.g., SAS, R, Python).
- Experience with predictive modelling techniques and tools like Emblem and Radar.
- Excellent attention to detail and the ability to prioritise tasks effectively.
- Strong communication skills, with the confidence to present technical analyses to non-technical audiences.
- Ability to collaborate and build relationships across the business.
- Commercial awareness and the ability to consider market conditions in pricing proposals.
- Leadership skills to manage and develop junior analysts.
- Timely delivery of high-quality pricing projects.
- Proficiency in data, modelling, pricing, and reporting tasks.
- Accuracy and reliability of data, models, pricing rates, and reports.
- Innovation in developing new analytical solutions.
- Strong teamwork and relationship-building across the business.
- High-quality reports and proposals with clear communication.
- Efficient management of resources and development of direct reports.
Benefits:
- 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.
- Supporting your Health: Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities.
- 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.
- 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.
- 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 People help 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, and a Disability Confident Employer.
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.
Want to be part of a Winning Team? Come and join Ageas.
Lead Pricing Analyst - Strategic employer: Ageas
Contact Detail:
Ageas Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead 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 can give you an edge in discussions during interviews.
✨Tip Number 2
Brush up on your statistical programming skills, particularly in languages like R or Python. Being able to demonstrate your proficiency in these tools during the interview will show that you're ready to hit the ground running.
✨Tip Number 3
Prepare to discuss specific examples of how you've led teams or projects in the past. Highlighting your leadership experience and ability to drive results will resonate well with the hiring managers.
✨Tip Number 4
Network with current or former employees of Ageas if possible. Gaining insights into the company culture and expectations can help you tailor your approach and make a strong impression during your interview.
We think you need these skills to ace Lead Pricing Analyst - Strategic
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Lead Pricing Analyst role. Focus on your quantitative degree, data analysis experience, and any leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, express your passion for data and analytics. Mention specific examples of how you've used statistical techniques or predictive modelling in previous roles to drive business growth.
Showcase Your Technical Skills: Clearly outline your proficiency in programming languages like SAS, R, or Python. Include any experience with tools such as Emblem and Radar, as these are crucial for the role.
Prepare for Potential Questions: Think about how you would explain complex analyses to non-technical stakeholders. Be ready to discuss your approach to pricing strategies and how you stay updated on market trends.
How to prepare for a job interview at Ageas
✨Showcase Your Analytical Skills
As a Lead 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 SAS, R, or Python in previous roles. Highlight any predictive modelling projects you've led and the impact they had on business outcomes.
✨Communicate Clearly
You'll need to present complex analyses to non-technical stakeholders. Practice explaining your findings in simple terms, focusing on the implications for pricing strategies. Use visuals or dashboards if possible to illustrate your points effectively during the interview.
✨Demonstrate Leadership Experience
Since this role involves managing junior analysts, be ready to share your leadership experiences. Discuss how you've mentored team members, managed projects, or influenced decisions within your team. This will show that you can lead and develop others while driving strategic initiatives.
✨Stay Informed on Market Trends
Understanding market conditions is key to effective pricing strategies. Research current trends in the insurance industry and be prepared to discuss how these could impact Ageas's pricing and underwriting. Showing that you're proactive about staying informed will impress your interviewers.