Ageas (UK) Limited

Pricing Manager

Job Ref
Closing Date
Advertised Range (External)
Up to £65k
Permanent Full-Time

Job Purpose

Due to Tesco Underwriting's positve market performance and growth, we are currently looking for a Pricing Manager based out of our centrally located Reigate office.


The successful Pricing Manager will lead a team of Senior and Pricing Analysts to deliver accurate statistical modelling for Tesco's Home and Motor Personal Lines business.  


This position would suit an experienced Pricing Manager looking to develop into a Senior Manager position in the future or a Senior Pricing Analyst looking for develop into a management position.


Main Responsibilities of the Pricing Manager:


  • As a Pricing Manager, you will manage a team to deliver accurate and relevant statistical modelling of Motor and Home claims, utilising GLM analysis and other statistical techniques.
  • For Motor and Home business, deliver up to date analyses of Tesco Underwrting’s exposure to weather perils, utilising data and analysis from third party data and software providers.
  • The ability as Pricing Manager, to coach and mentor direct reports to ensure they have the capability and knowledge of systems, policies and procedures to deliver their roles and responsibilities. You will also be a technical referral point for the team and business.
  • To actively research, implement and demonstrate improvements to the claims modelling process, including the use of new statistical analyses.
  • To communicate / present results of the statistical modelling and rating structure development to Senior management and colleagues.
  • To monitor, understand and communicate to the wider business the historic and current written loss ratio of policies in our Motor and Home portfolios.
  • Working with the Actuarial team to carry out regular pricing best estimate ultimate claims reviews for Tesco Underwrting’s Motor and Home business.
  • Create detailed project plans designed to deliver Tesco Underwrting’s financial and operational objectives relating to pricing. 


Knowledge, Skills and Experience of the Pricing Manager:


  • Qualified to degree level or equivalent qualification in mathematics statistics, economics or a scientific discipline and hold a relevant professional qualification for example FIA or CStat.
  • Ability to use statistical tools and modelling techniques to analyse and report on complex data to identify trends.
  • Proven experience of having worked a successful Motor or Home underwriting and/or actuarial pricing function and experience of using industry standard actuarial tools (for example ResQ, Emblem, Radar and Classifier)
  • Strong data processing and programming skills as well as in-depth experience of using Microsoft Excel software.
  • Able to apply judgement where data may be sparse or insufficient in quality or where considerable uncertainty surrounds the range of potential outcomes.  






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