Senior Market Pricing Analyst; Individual

Description

We’re making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market-leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.

Do you have expertise in Retail Pricing data and modelling techniques coupled with price optimisation and other actuarial techniques within the Insurance industry? We’re seeking an experienced Senior Retail Pricing Analyst (Individual) to help deliver the Retail Pricing strategy for the Individual private medical (PMI) cover and non-PMI portfolio in our Pricing team in AXA Health. Reporting to our Retail Pricing Manager (Individual), you’ll continually refine Retail Pricing models and fine-tune the optimisation of Individual rates in the market to strike the required balance between volume and value.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.

We’re also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.

What you’ll be doing:

• Building behavioural, demand, and market premium models in Radar that are robust, adhere to regulatory rules, and continuously enhance value.
• Delivering model performance monitoring, recommending model reviews and agile interim rating changes, maintain and enhance Radar LTV models, ensuring assumptions are robust.
• Delivering and refine Radar optimisation and rating models to deliver required volume and value results, taking insight-led action to fine-tune trading performance.
• Delivering pricing recommendations for legacy Individual PMI and non-PMI portfolios prior to migration, using new and existing models to inform proposals, and support migration pricing requirements.
• Supporting Portfolio Management with evaluation of new deals, offers and tests, ensure fair pricing policy and conduct expectations are adhered to in pricing proposals.
• Ensuring modelling and performance data is robust, liaising with Data & Systems team to initiate appropriate improvements
• Coaching and mentoring junior Pricing Analysts, peer reviewing their models and recommending improvements as appropriate.
• Building effective working relationships with other Pricing teams, Distribution, Propositions, Finance, Medical Underwriting and Compliance.

Due to the number of applications, we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we’re able to effectively manage interest. Therefore, if you’re interested in joining us at AXA, please don’t hesitate to apply.

We know that some candidates may be discouraged from applying if they don't meet every requirement. If you’re excited by this job and the prospect of working at AXA but you’re not sure you tick every box, we’d still encourage you to apply.

What you’ll bring:

• Expert knowledge of retail pricing data and modelling techniques, including GLMs and machine learning such as GBMs, within the insurance industry.
• Expert knowledge of price optimisation and other actuarial techniques including reserving, and P&L dynamics of an insurance company.
• Significant experience of using Radar pricing software.
• Higher education (equivalent grades of 2:1 or higher) in a mathematics or statistics related discipline and ideally studying towards actuarial qualification.
• Understanding of the regulatory environment in which the business operates and understanding of the dynamics of large organisations.
• Outstanding communication and influencing skills.
• Solution focused, with a strong focus on delivery, and desire for continuous improvement.
• Self-motivated with a…