Pricing Development Manager
4 weeks ago
Job Title: Senior Pricing Manager - Modelling and Development (Full-Time, Part-Time, Job-Share, Flexible options available)
Contract Type: Permanent
Salary Range: £68,000 - £102,000
Location: London (Hybrid)
Work Level: 4
Overview: Ageas is seeking a Senior Pricing Manager - Modelling and Development to support our risk and retail pricing teams. The successful candidate will be responsible for reviewing current processes and procedures, providing advice on areas of improvement, and supporting the development of proposed improvements in models/processes.
The role will lead the technical model governance processes within Ageas' Pricing functions, including the development and adherence to our data ethics and AI framework, and provide another layer of scrutiny as part of the model sign off process.
Main Responsibilities:
- Monitor and analyse the performance, profile, and mix trends of Ageas accounts at the macro, rating factor, agent, and product levels as directed, and draw conclusions for the Senior Pricing Analysts.
- Implement the agreed rate changes, provide new rates to the Electronic Business team for distribution to software houses, and update the in-house system.
- Support the Senior Pricing Analysts and Household Technical Pricing Manager, as appropriate.
- Utilise tools such as SAS, Emblem, and Radar to optimise the standard household portfolio.
Minimum Requirements:
- 10+ years' experience in insurance pricing across both risk and retail domains.
- Highly skilled in the use of programming languages/software (e.g. SAS, SQL, Databricks) to manipulate data.
- Capability to independently build pricing models utilising the latest advancements in modelling techniques and software.
- Experience in some of the following predictive modelling techniques: Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests.
- Experienced in the use of a programming language (e.g. R, Python).
- 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.
- Excellent at building strong relationships.
- Very strong planning, prioritisation, and organisational skills.
- A superior working knowledge of the personal lines market and how to manage account performance through the underwriting cycle.
Benefits:
- Flexible Working: Smart Working @ Ageas offers flexibility around location and working hours.
- Supporting your Health: Dental Insurance, Health Cash Plan, Health Screening, Mental Health First Aiders, Well Being Activities.
- Supporting your Wealth: Annual Bonus Schemes, Competitive Pension, Employee Savings.
- Supporting you at Work: Well-being activities, yoga, mindfulness sessions, Sports and Social Club events.
- 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.
Join us in shaping the future of insurance pricing.
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