Lead Pricing Analyst - Strategic

Ageas; United Kingdom; On-site; GBP 70,000; Full time

Job description

Job Title: Lead Pricing Analyst - Strategic

Contract Type: FTC – until June 2026

Salary Range: Circa £70,000

Location: Any UK Ageas office

Lead Pricing Analyst: The Strategic Lead Pricing Analyst plays a crucial role in shaping the company’s long-term market position and profitability through advanced analytics, market research and strategic recommendations.

This role involves leading and reviewing detailed data analysis using sophisticated actuarial and statistical techniques to inform pricing actions aimed at increasing 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.

Additionally, the analyst conducts in-depth market research, utilizes advanced analytics, provides strategic recommendations to senior management, enhances risk models with new data insights, collaborates across product lines, and engages in dynamic, project-based work.

Main Responsibilities as a Lead Pricing Analyst:

• Predictive Model Development: Lead the creation, validation, and review of predictive models, including machine learning models, and recommend their use in risk pricing.
• Data Accuracy: Ensure the accuracy and appropriateness of data used for modelling, pricing, and monitoring.
• Data Assessment: Evaluate new internal and external data to enhance risk pricing, build cost-benefit analyses, and present findings to stakeholders. Collaborate with pricing and implementation teams to deploy new data.
• Tender Support: Provide risk pricing support for tender responses, working closely with Distribution and Underwriting teams.
• Pricing Analysis: Conduct and lead pricing analyses, prepare options for senior stakeholders, and clearly present findings to gain their buy-in. Coordinate rate deployment as needed.
• Monitoring Dashboards: Develop and lead the creation of monitoring dashboards that meet business needs.
• Project Management: Execute, develop, and manage projects across all stages of the price control cycle.
• Team Influence: Inform and influence peers within the team and across Ageas.
• Strategic Initiatives: Work with underwriting and pricing teams to deliver on strategic initiatives.
• Market Trends: Identify and monitor market trends that could impact the pricing and underwriting of products.

Skills and experience you need as a Lead Pricing Analyst:

• A good quantitative degree, e.g. in Statistics, Mathematics or Actuarial Science.
• Experience in a relevant role in a data-driven environment.
• Knowledge of Home insurance products is essential.
• Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis.
• Experienced in the use of a programming language (e.g. SAS, R, Python) and/or statistical packages e.g. actuarial pricing software.
• Experience in SOME of the following predictive modelling techniques e.g. Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests, Support Vector Machines and Neural Nets.

About Ageas:

We are 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. We show this 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, member of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive.

Want to be part of a Winning Team? Come and join Ageas.

Click on the ‘Apply button’ to be considered for our Lead Pricing Analyst opportunity at Ageas in Any Ageas UK office.