Job Title: Senior Pricing AnalystContract Type: (Full-Time, Part-Time, Job-Share, Flexible options available)Salary Range: £35,800 - £52,200 DOELocation: LondonWork Level: 3Senior Pricing Analyst: 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, validate and review predictive models including machine learning models
· Run data for modelling, pricing and monitoring
· Development and delivery of up to date and accurate datasets for modelling, pricing and monitoring.
· Development and maintenance of pricing models and support for their deployment
· Carry out pricing analyses and prepare options for senior stakeholders
· Carry out deployment/send instructions for rate releases and review of rates into rate engine/live environment.
· Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets
· Maintenance of records to coordinate pricing decisions and implementation across teams, decision making bodies and implementation pathways
· Execution, development and project management across all stages of the price control cycle as required.
· Inform and influence peers in team and across Ageas
· Identify and monitor trends in the market which could affect the pricing and underwriting of our products.
Competencies:
1. A good quantitative degree, e.g. in Statistics, Mathematics or Actuarial Science
2. Experience in a relevant role in a data-driven environment
3. Knowledge of insurance products and distributions (direct, intermediary, aggregators)
4. Experience of using statistics to explore and validate data, extract and manipulate large datasets for analysis
5. Experienced in the use of programming language (e.g. SAS) and/or statistical packages e.g. actuarial pricing software
6. 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
7. Experienced in the use of a programming language (e.g. R, Matlab, Python or Octave)
8. Experience of using Emblem and Radar
9. Highly numerate with excellent attention to detail
10. Ability to prioritise and re-prioritise tasks to meet business requirements
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 Senior and Lead Vacancies based in our UK Offices:
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