Ageas (UK) Limited

Assistant Pricing Analyst

Job Ref
200770917-6205
Closing Date
1/10/2017
Advertised Range (External)
£27,000
Type
Permanent Full-Time
Department
Underwriting
London

Job Purpose

 As an Assistant Pricing Analyst you will  contribute to the profitable development and maximise the performance of Ageas’ accounts, as required, by recommending pricing actions based on monitoring and analysis of account performance and mix trends, actions of Ageas’ competitors, evaluation of new schemes, affinity and product propositions and innovation of new and enhanced management information, rating and pricing concepts

 

Main Responsibilities as an Assistant Pricing Analyst

 

  • To monitor and analyse the performance of Ageas’ accounts, as required, at the macro, rating factor, agent and product levels in order to identify opportunities to optimise profitable growth through necessary pricing changes.
  • To identify and monitor trends in the market which could affect pricing and underwriting of our products and Ageas’ competitive positioning
  • To monitor and analyse the profile and mix trends of Ageas’ accounts at the macro, rating factor, agent and product levels in order to identify and recommend changes to maximise market opportunities, identify areas of growth and contraction, control areas of poor performance and optimise profitable growth.
  • To support Senior Pricing Analysts in evaluation of new schemes, affinity and product propositions in order to identify potential profitability
  • To support the Underwriting teams by recommending new, enhanced or alterations to underwriting rules and product covers.
  • To support Senior Pricing Analysts in innovation, development and recommendation of new pricing concepts.
  • Prepare, develop and enhance regular MI reports

Skills and experience you need as an Assistant Pricing Analyst

 

  • Degree (2.1 or higher) or equivalent qualification in mathematics, statistics or a scientific / financial discipline and / or relevant experience.
  • Experience of having worked in a Personal Lines underwriting and/or actuarial pricing function. – is desirable
  • Highly computer literate; ability to use Excel and other common data analysis and data processing/modelling software.
  • Experience of using industry standard actuarial pricing tools (for example Emblem and Radar) is desirable
  • Experience of having used SAS or equivalent database package(s).

 

To be a successful Assistant Pricing Analyst you will need to:

 

  • Ability to analyse and interpret complex data to develop pricing models and products.
  • Ability to explain complex technical terms in plain English to a non-technical audience.
  • Able to exercise sound judgement and decision making against a background of complex technical data.
  • Proven ability to work as part of a team; fostering positive relationships and providing mutual support and guidance.
  • Highly customer centric; focused on the delivery of high levels of customer service.
  • Consultative approach; able to test and challenge business assumptions.
  • Strong Communication Skills

 

About Ageas:

We're a leading provider of award-winning insurance solutions in the UK, distributing our Personal and Commercial products through brokers, intermediaries, affinity partners and the internet. We have two consumer brands – Back Me Up and RIAS – and partner with some of the nation’s most well-known brands, such as John Lewis, Virgin Money and General Motors. We also hold a 50.1% share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers. Insuring around five million customers and working with a range of partners, we are recognised for delivering consistent and high-quality customer experiences. We employ around 4,000 people with offices based across the UK 

 

Here are some of the benefits you can enjoy as Assistant Pricing Analyst with Ageas:

We offer a range of flexible benefits options - such as a company pension, 23 days’ holiday (you can buy or sell up to 5 days), a car lease scheme, life assurance, and an annual bonus. Our people receive childcare vouchers and enjoy discounts on company products and with a wide range of retailers & gyms.

 

 

 

 

 

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