At a Glance
- Tasks: Lead innovative pricing projects to enhance customer value and drive profitability.
- Company: AXA, a global leader in insurance and financial services.
- Benefits: Flexible work arrangements, competitive salary, and professional development opportunities.
- Other info: Join a supportive team with a focus on growth and equal opportunities.
- Why this job: Make a real impact on pricing strategies that benefit customers and the business.
- Qualifications: Experience in insurance pricing, strong numerical skills, and knowledge of analytical tools.
The predicted salary is between 55000 - 65000 £ per year.
About AXA
AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence. AXA Retail helps people get back to the good stuff with quick, fuss-free home and car insurance and brilliant customer service.
Job overview
It's an exciting time in our Pricing and Analytics department here at AXA UK. Our transformation programme is underway, aligned to AXA Retail's new Pricing and Analytics strategy. We're investing in growing our department in size and capability, across our IT systems, analytical toolset and learning and development. We’re looking for a Senior Pricing Analyst / Principal Pricing Analyst to lead and support innovative pricing projects that enhance customer value and satisfaction, strategically optimise risk and drive increased profitability. You will play a key role in developing and implementing pricing strategies that balance competitive positioning with sustainable business growth, ensuring we deliver value to our customers while achieving our financial targets.
Key responsibilities
- Assist in supporting the end-to-end delivery of value adding Price Optimisations
- Investigation of customers’ responses to price variations via impact analysis and scenario modelling
- Understanding and improving customer lifetime value outcomes
- Competitor analysis and understanding market activity
- Ensure the customer is at the heart of all pricing decisions, ensuring fair value is delivered, with a strong focus on the impact on existing customers
- Data reconciliation, ensuring thorough process documentation and fine-tuning trading performance
- Build strong relationships with managers, peers and stakeholders
Work arrangements
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means attending the office, visiting clients or attending industry events.
Your skills & experience
- Experience in a related Insurance Pricing role is essential.
- Experience leading projects and/or people is preferred.
- Excellent numerical mathematical skills (a degree in a mathematics related discipline or evidence of equivalent proficiency).
- Knowledge of predictive modelling for Risk and/or Demand models.
- Ability to demonstrate high levels of problem-solving skills and initiative.
- Ability to plan and prioritise own work and that of a small project team.
- Advanced knowledge of Python, SQL, R, SAS or other analytical languages/tools.
- An understanding of machine learning techniques.
- An awareness of appropriate statistical techniques for insurance analysis.
We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long‑term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge.
Direct Pricing Analyst / Senior Direct Pricing Analyst employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Direct Pricing Analyst / Senior Direct 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 dream job.
✨Tip Number 2
Prepare for interviews by researching AXA and its pricing strategies. Show us you’re genuinely interested in how we operate and how you can contribute. Tailor your answers to reflect our values and mission.
✨Tip Number 3
Practice your problem-solving skills! We love candidates who can think on their feet. Try mock interviews or case studies related to pricing analysis to sharpen your analytical thinking.
✨Tip Number 4
Don’t hesitate to apply through our website, even if you don’t meet every single requirement. If you’re excited about the role, we want to hear from you! Your passion could be just what we’re looking for.
We think you need these skills to ace Direct Pricing Analyst / Senior Direct Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Direct Pricing Analyst role. Highlight relevant experience and skills that match the job description, especially your analytical skills and any project leadership experience.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about the role at AXA and how your background makes you a perfect fit. Don’t forget to mention your passion for customer value and pricing strategies.
Showcase Your Skills: Be sure to showcase your numerical and analytical skills in your application. Mention any experience with Python, SQL, or predictive modelling, as these are key for the role. We want to see how you can bring value to our team!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows you’re serious about joining us at AXA!
How to prepare for a job interview at AXA Group
✨Know Your Numbers
As a Direct Pricing Analyst, you'll need to showcase your numerical skills. Brush up on your mathematical concepts and be ready to discuss how you've used data analysis in previous roles. Prepare examples of how you've applied predictive modelling or scenario analysis to drive pricing strategies.
✨Understand the Market
Familiarise yourself with AXA's competitors and the current market trends in insurance pricing. Be prepared to discuss how you would approach competitor analysis and what factors you believe are crucial for maintaining competitive positioning while ensuring customer satisfaction.
✨Showcase Your Project Leadership
If you've led projects or teams before, make sure to highlight these experiences. Discuss specific challenges you faced, how you overcame them, and the impact your leadership had on project outcomes. This will demonstrate your ability to manage and optimise pricing projects effectively.
✨Be Customer-Centric
AXA places a strong emphasis on delivering value to customers. Prepare to discuss how you would ensure that customer needs are at the heart of pricing decisions. Think about examples where you've successfully balanced business goals with customer satisfaction in your previous roles.