Senior Market Pricing Analyst in Royal Tunbridge Wells

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 huge corporates, with fast access to diagnosis and treatment when they need it.

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 a 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.

• 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 & Systems team to initiate appropriate improvements.
• Coaching and mentoring junior Pricing Analysts, peer reviewing their models and recommending improvements as appropriate.
• Building effective working relationships with other Pricing teams, Distribution, Propositions, Finance, Medical Underwriting and Compliance.

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. We’re also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.

Your Skills & Experience:

• Expert knowledge of retail pricing data and modelling techniques, including GLMs and machine learning such as GBMs, within the insurance industry.
• Knowledge of price optimisation and other actuarial techniques including reserving, and P&L dynamics of an insurance company is preferred.
• Experience of using Radar pricing software.
• Higher education (equivalent grades of 2:1 or higher) in a mathematics or statistics related discipline and ideally studying towards actuarial qualification.
• Understanding of the regulatory environment in which the business operates and understanding of the dynamics of large organisations.
• Outstanding communication and influencing skills.
• Solution focused, with a strong focus on delivery, and desire for continuous improvement.
• Self‑motivated with a can‑do attitude, valuing the contribution of others and understanding the need for collaboration.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom. This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre‑employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.

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.