Household Pricing Manager

Ageas; Eastleigh; Hybrid; GBP 60,000 - GBP 84,000; Full time

Job summary

A leading UK insurance provider is seeking a Household Pricing Manager to optimize pricing strategies for its household products. The role involves managing a team of pricing analysts, overseeing pricing models, and implementing data-driven decisions to ensure profitability. The ideal candidate will have extensive experience in insurance pricing and strong expertise in programming languages like SAS, R, or Python. This position offers a hybrid working arrangement and an attractive salary range of £60,000 - £84,000.

Benefits

Flexible working

Health coverage

Competitive pension

Employee savings schemes

Paid maternity and paternity leave

Qualifications

• Educated to degree level or equivalent in a numerical discipline or qualified by experience.
• Extensive experience in insurance pricing or related analytical background.
• Ability to convey advanced statistical concepts to a non-statistical audience.

Responsibilities

• Manage, develop, and coach a team of pricing analysts (approx. 5 members).
• Approve predictive and machine learning models and ensure best practices.
• Manage trading positions to meet group targets.

Skills

Insurance pricing experience

Programming in SAS

Predictive modeling techniques

Using R, Python, SQL

Coaching junior staff

Education

Degree in a numerical discipline or equivalent

Tools

Emblem

Radar

Databricks

Job description

Job Details

Job Title: Household Pricing Manager

Target Start Date: ASAP

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

Salary Range: £60,000 - £84,000

Location: Hybrid - Eastleigh, once a month

Closing Date for applications: Friday 6th February

Overview

Household Pricing Manager: Ageas are seeking a highly skilled Household (HH) Pricing Manager to join our team working across our HH products. As a Pricing Manager, you will be responsible for overseeing and managing the pricing strategies and risk assessment processes to optimise profitability and manage risk across our organisation. You will work closely with cross-functional teams, including underwriters, actuaries, and data scientists, to develop and implement pricing models, analyse market trends, and make data-driven decisions to ensure our pricing strategies align with our business objectives.

The 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 increases volume and hits profit targets. In addition, the Pricing Manager will build pricing capability and core skills within the business, as well as influence the strategic direction of risk pricing within the wider Ageas UK Group.

Main Responsibilities

• Management, development and coaching of pricing analysts at Lead, Senior and Analyst level (circa team of 5).
• Monitoring and management of trading position to ensure group targets are met.
• Approving predictive and machine learning models and ensuring best practice.
• Data enhancement, governance and ensuring accurate and relevant datasets for modelling, pricing and monitoring.
• Development and maintenance of pricing models and support for their deployment.
• Compiling and ensuring the timely delivery of results and recommendations for pricing committee.
• 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.
• Preparation of budget and forecasts.
• 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 senior management and heads of department.
• Deputise for Senior Managers/the Head of Pricing where required, including meetings with senior management and directors of Ageas UK companies.
• Maintain knowledge of wider external environment and feed developments back into in Ageas’ pricing strategy – especially with regards to good customer outcomes.

Skills and Experience

• Educated to degree level or equivalent in a numerical discipline or qualified by experience.
• Extensive experience in insurance pricing or related analytical background.
• Highly skilled in the use of programming language (e.g. SAS) to manipulate data.
• Experience in some of the following predictive modelling techniques e.g. Logistic Regression, Log-Gamma GLMs, GBMs, Elastic Net GLMs, GAMs, Decision Trees and Random Forests.
• Experienced in the use of programming languages - R, Python, SQL.
• Experience in using Emblem, Radar, Databricks.
• Experience of using analytics to solve complex business problems.
• Effective coaching of junior 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 convey advanced statistical concepts to a non-statistical audience.
• Self-motivated, with the drive, energy and ability to work on own initiative.
• Very strong planning, prioritisation and organisational skills.

Benefits

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 at Ageas gives employees flexibility around location (within the UK) and, for many roles, flexibility within the working day to manage other commitments. We offer part-time/job-shares and a minimum of 35 days holiday (inc. bank holidays) with the option to buy and sell days.

Health - Dental Insurance, Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities – Mindfulness.

Wealth - 50% off esure and Sheila’s Wheels motor and home insurance, Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.

Work - Well-being activities, mindfulness sessions, Sports and Social Club events and more.

Family - Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay and paternity/non-pregnant parent/co-adopter at 8 weeks’ full pay.

Other - Partner Life Assurance and Critical Illness cover.

Tech - Deals on gadgets including Wearables, Tablets and Laptops.

Getting around - Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.

Returning to work - Return to work programme after maternity leave.

About Ageas

We are 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. We show this 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, member of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive. If you are applying for a job with us, you will have fair access to support and adjustments throughout your recruitment experience. We also guarantee an interview for applicants with a disability who meet the minimum criteria for the role. For more information, please see Ageas Everyone.

We have a zero-tolerance approach towards any form of harassment during the recruitment process, ensuring that everyone is treated with respect and professionalism. Our aim is to have great people everywhere in our business and we’re always looking for outstanding people to join us. Most roles across Ageas allow a proportion of your time to be spent working from home and we’re open to discussing flexible working arrangements, including full-time, part-time or job share. To find out more about Ageas, see About Us.

Important Notice – Recruitment Scam Alert

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