Job Title: Senior Household Pricing Manager
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Salary Range: £80k-£100k
Location: Eastleigh (Hybrid)
Closing Date for applications: Friday 21st June
Job Purpose: A rare opportunity at Ageas! We are seeking a highly skilled Senior Household Pricing Manager. The Senior HH Pricing Manager will plan and deliver pricing related projects to deadline and quality standards. They will directly influence the future growth and profitability of the business.
The role will involve the management of detailed analysis of data using sophisticated actuarial and statistical techniques in order to recommend pricing actions which increase volume and profit. In addition, the Senior Pricing Manager will build pricing capability and core skills within the business, as well as influence the strategic direction of risk pricing in the wider Ageas UK Group.
Responsibilities:
- To be a Household pricing expert within Ageas, determining and delivering the pricing strategy to deliver on our profitable growth ambitions
- Approving predictive and machine learning models and ensuring best practice
- Data enhancement, governance and ensuring accurate and relevant datasets for modelling, pricing and monitoring
- Liaison with external 3rdparty suppliers covering data and modelling software
- To monitor and analyse the performance of Ageas products to identify and take advantage of opportunities to maximise profitable growth
- Development and maintenance of pricing models and support for their deployment
- Compiling and ensuring the timely delivery of results and recommendations for pricing committee
- Deliver pricing recommendations to pricing committee for sign off
- Ensure the team has a focus on good customer outcomes and operates within applicable regulation
- Ensure review and approval of rates before deployment into 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
- Project management across all stages of the price control cycle as required
- Inform and influence directors, senior management and heads of department
- Deputise for the Head of Pricing where required, including meetings with senior management and directors of Ageas UK companies
- Own and develop the change programme within HH pricing
- Share knowledge and gain learnings from pricing experts in the Ageas Group.
- Communicate findings to management to influence business decisions and drive through business change and strategy
- Maintain knowledge of wider external environment and feed developments back into in Ageas' pricing strategy
Competencies:
- Extensive experience in insurance pricing with prevalence towards HH
- Highly skilled in the use of programming language/software (e.g. SAS, SQL, Databricks) to manipulate data.
- Experience in SOME of the following predictive modelling techniques e.g. Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests
- Experienced in the use of a programming language (e.g. R, Matlab, Python)
- Experience of using analytics to solve complex business problems.
- Effective coaching of staff and development of pricing skills.
- Experience of dealing with and influencing colleagues at all levels up to, and including, senior management and directors.
- Ability to confidently convey advanced statistical concepts to a non-statistical audience
- A superior working knowledge of the personal lines market and how to manage account performance through the underwriting cycle.
**Here are some of the benefits you can enjoy:**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 Working @ Ageas 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/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
- 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.