Job Description
Job Title: Lead Technical Pricing Analyst
All potential candidates should read through the following details of this job with care before making an application.
Contract Type: Permanent, (Full Time/ Part Time/ Job Share/Flexible opportunities available)
Salary Range: Up to £65,000
Location: Fully Remote
An opportunity has arisen to join Ageas's Underwriting department in the Technical Pricing team. Technical Pricing are responsible for the production of specialist actuarial and statistical analyses of Underwriting performance on our insurance products including Private Car, Van, Bike and Household. The successful applicant can choose to work in our London, Eastleigh or Bournemouth offices or work from home full-time.
This exciting role as Lead Technical Pricing Analyst offers the opportunity to explore and use new technologies and be involved in delivering strategic change such as improving the sophistication of models and deploying the latest data science techniques to generate profitable business growth. The Lead Technical Pricing Analyst will support projects, assisting in data preparation, performing, and reviewing actuarial modelling and interpreting results that drives high impact and, intelligent pricing solutions - all of which will help drive our competitive positioning.
This role has a strong research and development focus, so the ideal candidate will be a self-motivated individual with independent research experience and the proven ability to drive complex projects through the complete development cycle, from early conceptualization to implementation.
Furthermore, the successful candidate will receive a generous study package to support them on the rewarding route to qualification as an Actuary.
Main responsibilities of the Lead Technical Pricing Analyst:
- Creating complex, robust actuarial models and interpreting the results to deliver high impact, innovative pricing.
- Assisting in the production of ad-hoc actuarial and statistical analyses, working with stakeholders across the company to solve a wide range of business problems.
- Producing reports, documentation, and presentations to communicate the results of actuarial analyses to key stakeholders.
- Identifying opportunities to challenge and improve existing methodologies, deploying new analytical techniques that deliver new insights and tangible operational improvements.
To be successful the Lead Technical Pricing Analyst will have the following:
- 2.1 or above degree in a numerate discipline: for example, but not limited to, Mathematics, Statistics, Engineering, Physics, Computer Science or Actuarial Science.
- Experience of Actuarial pricing or statistical modelling, preferably within a regulated, multi-divisional industry.
- Specialist knowledge in statistical analysis software - Willis Towers Watson, especially Emblem.
- Experience of machine learning techniques e.g., GBMs, Elastic Net Regression or Random Forests in Python or R would be highly advantageous.
- Expertise in understanding pricing and underwriting principles ideally within personal or commercial lines on a large business scale i.e. Ageas underwrites c. £2bn of GWPs.
- Making decisions about the production and maintenance of pricing models and evaluate and identify the profitability and price position of new and existing product propositions.
- 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.
- Previous experience of working in partnership with teams to influence, gain buy in and share knowledge with particular emphasis on being able to present difficult concepts clearly.
Here are some of the benefits you can enjoy with the Lead Technical Pricing Analyst role:
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 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/jobshares . We also offer a minimum of 31 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, 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.
Benefits for Them - Partner Life Assurance and Critical Illness cover
Getting Around - Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover
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).
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 Ageas, see About Us.
Click the 'Apply Now' button to start your application for the Lead Technical Pricing Analyst role.