At a Glance
- Tasks: Join our Strategic Pricing Team to analyse data and drive pricing strategies.
- Company: Ageas is a leading car and home insurer in the UK, committed to innovation and inclusivity.
- Benefits: Enjoy flexible working, 35+ days holiday, health support, and tech discounts.
- Other info: We promote a zero-tolerance approach to harassment and ensure inclusive recruitment processes.
- Why this job: Make a real impact on business growth while working in a creative and supportive environment.
- Qualifications: A quantitative degree and experience in data analysis and predictive modelling are essential.
The predicted salary is between 42000 - 52000 £ per year.
Job Title:Senior Pricing AnalystContract Type:(Full-Time, Part-Time, Job-Share, Flexible options available)Salary Range: Up to £52,200 DOELocation:London, hybrid
Senior Pricing Analyst: 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.
Responsibilities:
- Developvalidate and review predictive models including machine learning models
- Run data for modelling, pricing and monitoring
- 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 options 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.
- Inform and influence peers in team and across Ageas
- Identify and monitor trends in the market which could affect the pricing and underwriting of our products.
Competencies:
- A good quantitative degree, e.g. in Statistics, Mathematics or Actuarial Science
- Experience in a relevant role in a data-driven environment
- Knowledge of insurance products and distributions (direct, intermediary, aggregators)
- Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis
- Experienced in the use of programming language (e.g. SAS) and/or statistical packages e.g. actuarial pricing software
- 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 or Octave)
- Experience of using Emblem and Radar
- Highly numerate with excellent attention to detail
- Ability to prioritise and re-prioritise tasks to meet business requirements
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
Here are some of the benefits you can enjoy within the Senior and Lead Vacanciesbased inour UK Offices:
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.
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 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
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- Returnto work programme after maternity leave
About Ageas:We’re one of the largest car and home insurers in the UK.Our Peoplehelp 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, 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.
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 discussingflexible working, including full-time, part-time or job sharearrangements.
Important Notice – Recruitment Scam Alert:Weare aware of fraudulent activity whereby individuals are being contacted withfake job offers claiming to be from Ageas, often for remote roles such asAdministrative Assistants. These scams may include offers of high hourly payand requests for upfront payments or deposits.Please be aware thatAgeas will never ask for money at any stage of the recruitment process.Ageaswill always ask you to make an application via our Company Websites and alllegitimate Ageas job opportunities are listed on our official careers pageswithin. Communication will only come from verified Ageas email addresses and ifyou are unsure about the legitimacy of a job offer or communications you arereceiving, please contact recruitment@ageas.co.uk with the subject FRAUD.
Want to be part of a Winning Team? Come and join Ageas.
Click on the ‘Apply button’ to be considered forthe Senior and Lead Vacanciesbased inour UK Offices.
#J-18808-LjbffrSenior Pricing Analyst - Strategic in Eastleigh employer: Ageas
Ageas is an exceptional employer, offering a dynamic work environment in London that prioritises flexibility and employee well-being. With a commitment to professional growth, employees benefit from extensive training opportunities, competitive salaries, and a comprehensive benefits package, including generous holiday allowances and health support initiatives. The inclusive culture fosters collaboration and innovation, making it an ideal place for those seeking meaningful and rewarding careers in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Analyst - Strategic in Eastleigh
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
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Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Ageas. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Ageas.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Ageas. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Senior Pricing Analyst - Strategic in Eastleigh
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Ageas and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
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Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Ageas how you can be a team player!
How to prepare for a job interview at Ageas
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
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If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Ageas.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Ageas's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
