Job Title: Senior Pricing Analyst
Contract Type: (Full-Time, Part-Time, Job-Share, Flexible options available)
Salary Range: £35,800 - £52,200 DOE
Location: London
Work Level: 3
Senior Pricing Analyst (Motor)
Our Underwriting department is looking to bring on board an experienced Personal Lines Senior Pricing Analyst to join our team based in our offices in London. The Pricing Analyst will report to and provide first line support to the Lead Pricing Analyst and will be responsible for carrying out pricing reviews and changes of the Ageas standard portfolios and key accounts. Engaging with the Underwriting team, Test Teams, and IT Developers, the Senior Pricing Analyst will produce and examine pricing analyses and make recommendations to optimize profitable growth and help implement pricing structures. Solid knowledge of the personal lines market, pricing, and underwriting principles along with working knowledge of Excel and SAS is a must. The Senior Pricing Analyst 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. This is a great opportunity for someone looking for variety in their pricing career with an established and reputable insurance provider. Please note that this role will be hybrid with weekly visits to the London office.
Main Responsibilities
1. Support the Lead Analyst of assigned Accounts from a pricing perspective.
2. 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.
3. Make pricing changes/recommendations as appropriate, engaging actively with Underwriting teams, to control areas of poor performance and optimize profitable growth, and present these at the appropriate sign-off committee.
4. Produce, monitor, and report on new and current management information to support pricing decisions.
5. Work with other members of the Pricing and Development teams to develop and implement new analytical techniques.
6. Support Underwriting teams in reviewing new, enhanced, or alterations to the product covers and recommending appropriate pricing changes.
7. Work with internal and external IT developers, Test teams, and project managers to support delivery and implementation of pricing structures and rates.
Minimum Requirements
1. 2.1 or above in a Mathematical/Statistical/Science/Engineering degree.
2. Good knowledge of Excel and SAS.
3. Experience with Radar and R/Python are desirable but not essential.
4. High degree of numeracy with good statistical skills to analyze trends and understand modeling techniques.
5. Understanding of pricing and underwriting principles and key performance indicators.
6. Good working knowledge of the personal lines market and how to manage account performance through the underwriting cycle.
7. Good communication skills, both written and verbal, with the ability to explain technical analyses to a non-technical audience.
Benefits
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 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.
* Holiday: A minimum of 35 days holiday (including bank holidays) with options to buy and sell days.
* Health Support: Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities.
* Wealth Support: Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
* Work Support: Well-being activities, yoga, mindfulness sessions, Sports and Social Club events.
* Family Support: Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay and paternity/non-pregnant parent/co-adopter at 8 weeks full pay.
* Additional Benefits: Partner Life Assurance and Critical Illness cover, Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.
About Ageas
We’re one of the largest car and home insurers in the UK.
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