At a Glance
- Tasks: Refine pricing models and optimise rates for individual health insurance.
- Company: Join AXA, a global leader in insurance and financial services.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Other info: Be part of a transformative pricing programme with excellent career advancement.
- Why this job: Make a real impact on pricing strategies in a dynamic industry.
- Qualifications: Experience in retail pricing data, modelling techniques, and actuarial skills.
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 Health supports members to put their health first, from individuals to large corporates, with fast access to diagnosis and treatment when they need it.
Job Overview
We’re making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market‑leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.
Do you have expertise in Retail Pricing data and modelling techniques coupled with price optimisation and other actuarial techniques within the Insurance industry? We’re seeking an experienced Senior Retail Pricing Analyst (Individual) to help deliver the Retail Pricing strategy for the Individual private medical (PMI) cover and non‑PMI portfolio in our Pricing team in AXA Health. Reporting to our Retail Pricing Manager (Individual), you’ll continually refine Retail Pricing models and fine‑tune the optimisation of Individual rates in the market to strike the required balance between volume and value.
Key Responsibilities
- Building behavioural, demand, and market premium models in Radar that are robust, adhere to regulatory rules, and continuously enhance value.
- Delivering model performance monitoring, recommending model reviews and agile interim rating changes, maintain and enhance Radar LTV models, ensuring assumptions are robust.
- Delivering and refine Radar optimisation and rating models to deliver required volume and value results, taking insight‑led action to fine‑tune trading performance.
- Delivering pricing recommendations for legacy Individual PMI and non‑PMI portfolios prior to migration, using new and existing models to inform proposals, and support migration pricing requirements.
- Supporting Portfolio Management with evaluation of new deals, offers and tests, ensure fair pricing policy and conduct expectations are adhered to in pricing proposals.
- Ensuring modelling and performance data is robust, liaising with Data.
Senior Market Pricing Analyst in Kent employer: AXA Health
AXA is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the insurance sector. With a strong commitment to employee development, AXA provides extensive training opportunities and a supportive culture that encourages professional growth. Located in a vibrant area, employees benefit from a diverse range of amenities and a healthy work-life balance, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Market Pricing Analyst in Kent
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching AXA and understanding their pricing strategies. Be ready to discuss how your skills in data science and actuarial techniques can contribute to their pricing transformation programme.
✨Tip Number 3
Showcase your expertise! Bring examples of your previous work with retail pricing models and optimisation techniques to the table. This will help demonstrate your value and fit for the Senior Market Pricing Analyst role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at AXA.
We think you need these skills to ace Senior Market Pricing Analyst in Kent
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Market Pricing Analyst role. Highlight your experience with pricing models, data science, and any relevant actuarial techniques. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about pricing in the insurance industry and how your background makes you a perfect fit for our team. Let us know what excites you about AXA and this role.
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you’ve improved pricing strategies or model performance in previous roles. We love seeing quantifiable results that demonstrate your impact.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at AXA Health
✨Know Your Numbers
As a Senior Market Pricing Analyst, you'll be expected to have a strong grasp of data science and actuarial techniques. Brush up on your knowledge of retail pricing data and modelling techniques. Be ready to discuss specific examples of how you've used these skills in previous roles.
✨Understand the Business
Familiarise yourself with AXA's services and their approach to pricing. Understanding the company's focus on health insurance and the importance of balancing volume and value will help you tailor your responses. Show that you’re not just interested in the role, but also in how it fits into the bigger picture.
✨Prepare for Technical Questions
Expect to face technical questions related to pricing models and optimisation strategies. Prepare by reviewing common modelling techniques and be ready to explain your thought process. Practising with real-world scenarios can help you articulate your approach clearly during the interview.
✨Showcase Your Problem-Solving Skills
The role involves refining models and making recommendations based on performance monitoring. Be prepared to discuss past challenges you've faced in similar situations and how you approached problem-solving. Highlighting your analytical thinking and decision-making skills will set you apart.
