Job Title: Pricing Analyst
Contract Type: Permanent, Part Time, Full Time, Job Share option available
Location: Eastleigh – Hybrid working environment, with a remote first approach
Salary Range: £30,400 – £45,600
Pricing Analyst (Household): Our Underwriting department are looking to bring on board an experienced personal lines Pricing Analyst to join our Ageas Eastleigh team.
The Pricing Analyst will be reporting to and providing first line support to the Senior Pricing Analyst and will be responsible for carrying out pricing reviews and changes of the Ageas standard portfolios and key accounts. Engaging with the Underwriting team, Test Teams and IT developers the Pricing Analyst will be producing and examining pricing analyses and make recommendations to optimise profitable growth and, help implement pricing structures. Therefore, solid knowledge of personal lines market, pricing and underwriting principles along with working knowledge of Excel and SAS is a must.
The Pricing Analyst must have GI experience ideally in personal lines, be highly numerate and have an inquisitive nature with a flair for manipulating and interpreting data to help improve business performance.
This is a great opportunity for someone who is looking for variety in their pricing career and with an established and reputable insurance provider.
Main responsibilities for the Pricing Analyst:
Support the senior analyst of assigned Accounts from a pricing perspective.
Carry out pricing reviews of Ageas standard portfolios and key accounts, through analysis of the profile, mix trends and performance including by rating factors, new business acquisition and renewal retention.
To make pricing changes/recommendations as appropriate, engaging actively with Underwriting teams, to control areas of poor performance and optimise profitable growth and to present these at the appropriate sign off committee.
Produce, monitor and report on new and current management information to support pricing decisions.
Work with other members of the Pricing and Development teams to develop and implement new analytical techniques.
Support Underwriting teams in reviewing new, enhanced or alterations to the product covers and recommending appropriate pricing changes.
Work with internal and external IT developers, Test teams and project managers to support delivery and implementation of pricing structures and rates.
The successful Pricing Analyst will have the following:
2.1 or above in a Mathematical/Statistical/Science/Engineering degree
Good knowledge of Excel and SAS
Experience with Radar and R/Python are all desirable however not essential
High degree of numeracy with good statistical skills to analyse trends and understand modelling techniques
Understanding of pricing and underwriting principles and key performance indicators
Good working knowledge of the personal lines market and how to manage account performance through the underwriting cycle
Good communication skills, both written and verbal, with the ability to explain technical analyses to non-technical audience
Here are some of the benefits you can enjoy within the Pricing Analyst role based in Eastleigh:
Annual Salary review.
Discretionary annual bonus based on personal and company performance.
Life assurance of 4 x salary with the option to flex up.
Return to work programme.
Flexible benefits package (private medical insurance, health and dental plans, free life assurance policy,
Discounted gym membership, cycle to work scheme as well as discounts with a wide range of retailers through our partner Perkz.com).