Senior Market Pricing Analyst

Job Title
:
Senior Market Pricing Analyst

Target Start Date
: ASAP

Contract Type
:
Permanent, Part Time, Full Time, Job Share option available

Salary Range
: £40,000 - £50,000

Location
:
Hybrid, Eastleigh / Bournemouth once a month

Closing Date for applications
:
Friday 12th June

Fantastic opportunity to join our Market Pricing team as a Senior Pricing Analyst, assisting to plan and deliver pricing related projects to deadline and quality standards. You will directly influence the future growth of the business, with key deliverables to increase conversion, retention and overall company income and profitability. You will work closely with cross-functional teams across all products to develop and implement optimisation models, analyse market trends, and make data-driven decisions to ensure our pricing strategies align with our business objectives.

The role will involve the management of detailed analysis of data using sophisticated machine learning and statistical techniques within price optimisation to recommend pricing actions which increase volume, income and profit. In addition, the Senior Pricing Analyst will build pricing capability and core skills within the business, as well as influence the strategic direction of retail pricing in the wider Ageas UK Group.

• Development and coaching of Pricing Analysts.
• Develop, validate, review and approve models of customer and market behaviour; incorporating machine learning into behavioural models; including the exploration of new techniques to improve model predictiveness.
• Development and delivery of up-to-date and accurate datasets for modelling, pricing and monitoring; exploring new data sets and their ability to enhance models.
• Development and maintenance of pricing models and support for their deployment.
• Carry out price optimisation and improve on existing price optimisation processes using innovative techniques; prepare recommendations for senior stakeholders.
• Carry out deployment and review of rates into live rating engine.
• 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 pricing control cycle as required.
• Inform and influence senior management, heads of department and peers across the Direct Business Unit and Underwriting departments.

• Educated to degree level or equivalent in a numerical discipline or qualified by experience.
• Experience in Retail or Risk pricing.
• Knowledge or experience of price optimisation.
• Experience in using Emblem, Radar, Databricks or industry equivalent.
• Highly skilled in the use of programming language (e.g. "SAS") to manipulate data.
• Experience in 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.
• Experience of programming language (e.g. R, Matlab, Python or Octave).
• Experience of using analytics to solve complex business problems.
• Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors.
• Ability to convey advanced statistical concepts to a non-statistical audience.

• Flexible Working – Smart Working gives employees flexibility around location within the UK and within the working day to manage other commitments, including part‑time and job‑share.
• 35 days holiday (incl. bank holidays) with option to buy and sell days.
• Dental, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, mental health first aiders, wellbeing activities – mindfulness.
• 50% off financial and motor & home insurance, annual bonus schemes, annual salary reviews, competitive pension, employee savings, employee loans.
• Well‑being activities, mindfulness sessions, sports and social club events, etc.
• Entitlement for maternity/paternity – 16 weeks at full pay and 8 weeks at full pay for certain roles.
• Partner life assurance and critical illness cover.
• Deals on gadgets – wearables, tablets, laptops.
• Car salary exchange, cycle scheme, vehicle breakdown cover.
• Return to work programme after maternity leave.

Ageas is an inclusive employer and encourages anyone to apply. We are signatories of the Race at Work Charter and Women in Finance Charter, members of iCAN and GAIN, and Disability Confident Leader. We guarantee an interview for applicants with a disability who meet the minimum criteria for the role. We have a zero‑tolerance approach towards harassment during recruitment, ensuring everyone is treated with respect and professionalism.