At a Glance
- Tasks: Develop smart pricing strategies for motor and home insurance products using data and market insights.
- Company: Join a forward-thinking insurance company with a focus on innovation and inclusivity.
- Benefits: Enjoy flexible working, generous holiday, health support, and tech discounts.
- Other info: Inclusive employer committed to diversity and career growth opportunities.
- Why this job: Make a real impact on pricing strategies while growing your career in a dynamic environment.
- Qualifications: Experience in analysis, strong numerical skills, and knowledge of the UK insurance market.
The predicted salary is between 72000 - 72000 £ per year.
We are looking for a skilled and motivated Principal Pricing Analyst to join our Pricing team. In this role, you will help improve the performance and profitability of our motor or home insurance products by developing smarter pricing strategies across our brands and channels. You will use data, market insight, and advanced modelling techniques to support pricing decisions, improve business performance, and keep our pricing competitive. Working closely with teams across the business, you will lead pricing projects, provide technical guidance to analysts, and help ensure all pricing activity meets regulatory and fair value requirements.
Main Responsibilities
- Deliver pricing and underwriting changes to support profit and growth targets
- Build, maintain, and improve pricing and risk models using a range of modelling techniques
- Analyse business performance data, identify trends, and recommend improvements
- Implement pricing changes accurately and ensure proper governance and controls
- Lead pricing projects and communicate findings clearly to stakeholders
- Mentor and support Pricing Analysts and Senior Pricing Analysts
- Monitor market activity and use insights to improve pricing capability
- Ensure all work meets FCA and regulatory requirements
Skills and Experience
- Experience in analysis or knowledge of the UK motor or home insurance market
- Strong numerical, analytical, and problem-solving skills
- Degree-level education or equivalent experience
- Strong communication skills with the ability to explain technical information clearly
- Good organisational skills and attention to detail
- Knowledge of pricing and modelling techniques such as GLMs or GBMs
- Experience with Radar, Emblem, Databricks, Python, or SQL
- Understanding of Data Science methods and pricing governance
Benefits
- Flexible working – Smart Working at Ageas gives employees flexibility around location (within the UK) and, for many roles, flexibility within the working day to manage other commitments.
- Minimum of 35 days holiday (including bank holidays) with the option to buy and sell days.
- Supporting your health – Dental insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness coverage, Mental Health First Aiders, Well-Being activities – Mindfulness.
- Supporting your wealth – 50% off insurer’s motor and home insurance, annual bonus schemes, annual salary reviews, competitive pension, employee savings, employee loans.
- Supporting you at work – Well-being activities, mindfulness sessions, sports and social club events.
- Supporting you and your family – Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay; paternity/non-pregnant parent/co-adopter at 8 weeks’ full pay.
- Benefits for them – Partner Life Assurance and Critical Illness cover.
- 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 – Return to work programme after maternity leave.
Equal Employment Opportunity
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. We guarantee an interview for applicants with a disability who meet the minimum criteria for the role. If you need adjustments throughout your recruitment experience, please let us know.
Principal Pricing Analyst employer: Ageas
At Ageas, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our hybrid working model in Reigate provides flexibility, allowing you to balance your professional and personal commitments while enjoying a minimum of 35 days holiday and comprehensive health benefits. With a strong focus on employee growth, mentorship opportunities, and a commitment to inclusivity, we empower our team members to thrive and make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Pricing Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Principal Pricing Analyst role.
✨Tip Number 2
Prepare for interviews by practising common questions related to pricing strategies and data analysis. We recommend doing mock interviews with friends or using online resources to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work or projects that demonstrate your analytical prowess and understanding of pricing models. We want to see how you can apply your knowledge to real-world scenarios.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Principal Pricing Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Principal Pricing Analyst role. Highlight your experience in the UK motor or home insurance market and any relevant skills like data analysis and modelling techniques. We want to see how you can bring value to our team!
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 your background aligns with our goals at StudySmarter. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to showcase your numerical, analytical, and problem-solving skills in your application. Mention any tools you’ve used, like Python or SQL, and how they’ve helped you in previous roles. We’re keen to see your technical prowess!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get started on this journey together!
How to prepare for a job interview at Ageas
✨Know Your Numbers
As a Principal Pricing Analyst, you'll be dealing with data and models all day. Brush up on your numerical skills and be ready to discuss specific pricing strategies you've worked on in the past. Show them you can analyse trends and make data-driven decisions.
✨Understand the Market
Familiarise yourself with the UK motor and home insurance market. Be prepared to talk about current trends, competitors, and how you would approach pricing in this landscape. This shows you're not just a number cruncher but also understand the bigger picture.
✨Communicate Clearly
Strong communication skills are key for this role. Practice explaining complex technical concepts in simple terms. You might have to present your findings to stakeholders who aren't as data-savvy, so being clear and concise is crucial.
✨Show Your Leadership Skills
You'll be leading projects and mentoring others, so highlight any experience you have in these areas. Share examples of how you've guided teams or influenced decisions in previous roles. This will demonstrate your capability to take charge and drive results.
