Senior Pricing Analyst

Job Title: Senior Pricing Analyst
Target Start Date: 27/05/2024
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: GBP 40,000.00 - 45,000.00
Location: London

Senior Pricing Analyst (Motor): Our Underwriting department are looking to bring on board an experienced Personal LinesSenior Pricing Analyst to join our team who are based in our offices in London.
The Pricing Analyst will be reporting to and providing 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 be producing and examining pricing analyses and make recommendations to optimise profitable growth and, help implement pricing structures. Therefore, solid knowledge of 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 who is looking for variety in their pricing career and with an established and reputable insurance provider.

Please note that this role will be a mixture of working from home and the office.

Main responsibilities for the Senior Pricing Analyst:

• Support the Lead Analyst of assigned Accounts from a pricing perspective.
• 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.
• To make pricing changes/recommendations as appropriate, engaging actively with Underwriting teams, to control areas of poor performance and optimise profitable growth and to present these at the appropriate sign off committee.
• Produce, monitor and report on new and current management information to support pricing decisions.
• Work with other members of the Pricing and Development teams to develop and implement new analytical techniques.
• 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.

The successful Senior Pricing Analyst will have the following:

• 1 or above in a Mathematical/Statistical/Science/Engineering degree
• Good knowledge of Excel and SAS
• Experience with Radar and R/Python are all desirable however not essential
• High degree of numeracy with good statistical skills to analyse trends and understand modelling 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 analyses to non-technical audience

Here are some of the benefits you can enjoy:

At Ageas we offer a wide range of benefits to support you and your family, which helped us achieve, Top Employer status in the UK.

• Flexible Working - Smart Working @ Ageas gives employees flexibility around location (if 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 (inc. 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.
• Supporting your Wealth - Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
• 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, a Stonewall diversity champion 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 Ageas Everyone.
Our aim is to have great people everywhere in our business. To find out more about Ageas, see About Us.

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