Senior Pricing Analyst - Market

Job Title: Senior Pricing Analyst – Market Contract Type: (Full-Time, Part-Time, Job-Share, Flexible options available) Salary Range: £35,200 - £52,800 DOE Location: Bournemouth Work Level: 3 Senior Pricing Analyst – Market: Ageas have an exciting opportunity for a Senior Pricing Analyst to join the Strategic Pricing Team. Ageas is in the process of delivering wholesale improvement to its pricing sophistication, performance management capability and technical excellence, in order to successfully compete in the home insurance market and as such you will be at the forefront in delivering this strategy. You will support the monitoring of performance and contribute to the profitable development of Ageas’ Household portfolio, through control of pricing. The Senior Pricing Analyst will provide detailed analysis of data using sophisticated actuarial and statistical techniques that inform pricing actions to increase volume, income and profit. The resulting pricing actions will have a direct and immediate impact on the future profitability and growth of the business, with key targets to increase conversion, retention and achieve target loss ratios. Responsibilities: · Develop and coach Pricing Analysts. · Develop, validate, review, and approve predictive machine learning models, exploring new techniques to improve model predictiveness. · Deliver up-to-date and accurate datasets for modelling, pricing, and monitoring, while exploring new data sets to enhance models. · Develop and maintain pricing models and support their deployment. · Perform price optimisation and improve existing processes using innovative techniques; prepare recommendations for senior stakeholders. · Deploy and review rates in the live rating engine. · Maintain and apply models of customer and market behaviour, incorporating machine learning into behavioural models. · Combine MI, modelling results, and company targets to develop a balanced view of current and future pricing performance. · Maintain records to coordinate pricing decisions and implementation across teams and decision-making bodies. · Execute, develop, and manage projects across all stages of the pricing control cycle. · Inform and influence senior management, heads of department, and peers across the Pricing and Underwriting department. · Deputise for senior colleagues when required. Competencies: · Degree level or equivalent in a numerical discipline. · 3 years’ experience in insurance pricing or a related analytical background. · Proficient in using programming languages (e.g., SAS) to manipulate data. · Experience with predictive modelling techniques such as Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines, and Neural Nets. · Skilled in programming languages (e.g., R, Matlab, Python, or Octave). · Knowledge and/or experience in Price Optimisation. · Proven ability to use analytics to solve complex business problems. · Experience in influencing colleagues at all levels, including senior management and directors. · Ability to convey advanced statistical concepts to a non-statistical audience. · Self-motivated with the drive, energy, and ability to work on your own initiative. Performance Measures: § Delivery of high quality pricing projects from start to end with minimal management input § Proficiency in data, modelling, pricing and reporting tasks § Speedy delivery and accuracy of data, models, pricing rates and reports § Ensure work is reliable and free of errors § Ensure model accuracy and robustness meet the business need for stability and sustainability § Creativity and innovation: Quantity and quality of new developments - develop new analytical solutions using industry best practice and taking account of critical business requirements § Teamwork: Build strong working relationships with colleagues across the business Here are some of the benefits you can enjoy within the JOB.TITLE

Location: Eastleigh, GB

Posted Date: 1/20/2025