At a Glance
- Tasks: Analyse pricing strategies to optimise retail performance and support new deals.
- Company: Join AXA, a leader in insurance with a focus on innovation.
- Benefits: Flexible work arrangements, competitive salary, and opportunities for skill development.
- Other info: Collaborative team environment with strong career growth potential.
- Why this job: Make a real impact on pricing decisions that benefit customers and the business.
- Qualifications: Degree in mathematics or related field and experience in insurance pricing.
The predicted salary is between 40000 - 50000 £ per year.
Develop rate proposals that support and optimise retail performance, through analysis of mix, demand, and loss ratio trends. Ensure rate changes are approved, accurately implemented, and deliver the intended value. Conduct competitor and market activity analysis to inform pricing strategies. Build and review risk and demand models. Support the development of new deals, offers and product testing initiatives. Working closely with ML Operations to build and implement new tooling across Pricing. 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. Build and maintain 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.
Experience: Experience in an Insurance Pricing role is essential. Degree (2:1 or higher) in a mathematics-related discipline. Strong problem-solving, critical thinking, and analytical skills, with knowledge of tools like R, Python, or similar, and statistical techniques. Excellent communication skills, capable of explaining complex concepts to diverse audiences. Ability to build stakeholder relationships and gain buy-in. Resilient and motivated, able to persevere through setbacks and work effectively under pressure and tight deadlines. Eager to learn and continuously develop skills. Thrive in team environments.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
Pricing Analyst employer: Manchester Digital
At AXA, we pride ourselves on being an exceptional employer that champions a flexible work culture, allowing our Pricing Analysts to thrive both in the office and remotely. Our commitment to employee growth is evident through continuous learning opportunities and a collaborative environment where your contributions directly impact our customers' experiences. Located in the heart of the UK, we offer a dynamic workplace that values innovation and teamwork, making it an ideal setting for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Analyst
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Manchester Digital). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Manchester Digital. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Pricing Analyst
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Manchester Digital.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Manchester Digital. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Manchester Digital
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Manchester Digital to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Manchester Digital, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Manchester Digital's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
