Job Title: Insurance Pricing Analysts Contract Type: Permanent (Full-Time, Part-Time, Job-Share, Flexible options available)
Salary Range: £40,000 - £84,000
Location: Can be based in London, Eastleigh, Bournemouth (Hybrid roles)
Do you have experience in Pricing?
Our Pricing department is expanding to deliver exciting new projects and is looking to bring onboard a range of Personal Lines Pricing Candidates. These will join teams as Senior and Lead Analysts, as well as Pricing Managers, based (on a hybrid basis) in our offices throughout the UK.
This is a hugely exciting time for Ageas - we are expanding and have a plethora of roles available across Risk and Retail Pricing covering both motor and household product lines!
You will engage with the Underwriting team, Actuarial and Data Science teams, Test Teams, IT Developers, and Trading teams. In these roles, you will be producing and examining pricing data and making recommendations to optimize profitable growth, and help implement pricing structures. Therefore, solid knowledge of the personal lines market, pricing (whether risk or retail), and underwriting fundamentals, along with working knowledge of Excel and a data manipulation tool (e.g., SAS, Databricks, Snowflake) is a must.
The Pricing candidates must have GI experience ideally in Personal Lines, be highly numerate, and have an inquisitive nature with a flair for manipulating and interpreting data to help improve business performance. Some roles have a strong research and development focus, so we value self-motivated candidates with independent research experience and the proven ability to drive complex projects through the complete development cycle, from early conceptualization to implementation. Other roles have a strong trading focus, so experience of behavioral modeling, price optimization, and operating in a fast-paced environment alongside strong Radar capabilities will see candidates ideally placed for these roles.
This is a great opportunity for Pricing candidates with a range of capabilities and experience, who are looking for variety in their pricing career, and with an established and reputable insurance provider.
Main responsibilities:
* Carry out pricing reviews of Ageas standard portfolios and key accounts, through analysis of the profile, mix trends, and performance including by rating factors, new business acquisition, and renewal retention.
* Make pricing changes/recommendations as appropriate, engaging actively with Underwriting and distribution teams, to control areas of poor performance and optimize profitable growth and present these at the appropriate sign-off committee.
* Produce, monitor, and report on new and current management information to support pricing findings.
* Identify opportunities to challenge and improve existing methodologies and models and work with others to deploy new analytical techniques that deliver new insights and tangible operational improvements.
* Support Underwriting teams in reviewing new, enhanced, or alterations to the product covers and recommending appropriate pricing changes. Work with internal and external IT developers, Test teams, and project managers to support delivery and implementation of pricing structures and rates.
* Support Distribution teams in achieving volume and premium targets, whilst maximizing income and understanding, anticipating, and reacting to competitor movements.
* Create complex, robust statistical models, including machine learning and behavioral models and interpret the results to deliver high impact, innovative pricing. These responsibilities will vary, depending on your level and role.
The successful Pricing Analysts will have the following:
* More senior roles require a 2.1 or above in a Mathematical/Statistical/Science/Engineering degree.
* Extensive knowledge of Excel and good knowledge of SAS/SQL would be advantageous.
* Experience with Radar/Emblem and R/Python are all desirable.
* Experience of machine learning techniques e.g., GBMs, Elastic Net Regression or Random Forests in Python or R would be highly advantageous.
* A high level of problem solving is required, both logically and laterally, along with an ability to engage in research. The job holder should be able to identify, investigate and interpret the results of an analysis, considering past the more obvious first order effects.
* High degree of numeracy with good statistical skills to analyze trends and understand modeling techniques.
* Understanding of Pricing and Underwriting principles and key performance indicators.
* Good working knowledge of the personal lines market and how to manage account performance through the underwriting cycle.
* Good communication skills, both written and verbal, with the ability to explain technical data to a non-technical audience.
Here are some of the benefits you can enjoy within the Senior and Lead Vacancies based in our 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 Employer status 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 (including bank holidays) and you can buy and sell days.
Supporting your Health – Dental Insurance, Health 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 – Return to work programme after maternity leave.
About Ageas:
We’re one of the largest car and home insurers in the UK. Our People help 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, and a Disability Confident Employer (which means interviews are guaranteed for applicants with a disability who meet the minimum role criteria). For more information please see our Diversity and Inclusion pages.
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 discussing flexible working, including full-time, part-time or job share arrangements.
To find out more about our Award Winning team and culture, please visit Careers at Ageas.
Want to be part of a Winning Team? Come and join Ageas.
Click on the ‘Apply button’ to be considered for the Senior and Lead Vacancies based in our UK Offices.
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