Senior HH Pricing Manager

Job Title: Senior Household Pricing Manager

Target Start Date: ASAP

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

Salary Range: £80k-£100k

Location: Eastleigh (Hybrid)

Work Level: 5

Closing Date for applications: Friday 21st June

Job Purpose:

A rare opportunity at Ageas! We are seeking a highly skilled Senior Household Pricing Manager. The Senior HH 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 increase volume and profit. In addition, the Senior Pricing Manager will build pricing capability and core skills within the business, as well as influence the strategic direction of risk pricing in the wider Ageas UK Group.

Responsibilities:

- To be a Household pricing expert within Ageas, determining and delivering the pricing strategy to deliver on our profitable growth ambitions

- Management, development and coaching of Lead Pricing Analyst and Pricing Managers

- Approving predictive and machine learning models and ensuring best practice

- Data enhancement, governance and ensuring accurate and relevant datasets for modelling, pricing and monitoring

- Liaison with external 3 ^rd party suppliers covering data and modelling software

- To monitor and analyse the performance of Ageas products to identify and take advantage of opportunities to maximise profitable growth

- Ensuring data protection regulations are adhered to

- Development and maintenance of pricing models and support for their deployment

- Compiling and ensuring the timely delivery of results and recommendations for pricing committee

- Deliver pricing recommendations to pricing committee for sign off

- Ensure the team has a focus on good customer outcomes and operates within applicable regulation

- Ensure review and approval of rates before deployment into rating engine

- Develop a balanced view of current and future pricing performance by combining MI, modelling results and company targets

- Preparation of budget and forecasts

- Ensuring the team is well resourced to meet business objectives

- 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 directors, senior management and heads of department

- Deputise for the Head of Pricing where required, including meetings with senior management and directors of Ageas UK companies

- Own and develop the change programme within HH pricing

- Share knowledge and gain learnings from pricing experts in the Ageas Group.

- Communicate findings to management to influence business decisions and drive through business change and strategy

- Maintain knowledge of wider external environment and feed developments back into in Ageas' pricing strategy

Competencies:

- Educated to degree level or equivalent in a numerical discipline.

- 10+ years' experience in insurance pricing with prevalence towards HH

- Highly skilled in the use of programming language/software (e.g. SAS, SQL, Databricks) to manipulate data.

- Experience in SOME of the following predictive modelling techniques e.g. Logistic Regression, GBMs, Elastic Net GLMs, GAMs, Decision Trees, Random Forests

- Experienced in the use of a programming language (e.g. R, Matlab, Python)

- Experience of using analytics to solve complex business problems.

- 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.

- Ability to confidently 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.

- A superior working knowledge of the personal lines market and how to manage account performance through the underwriting cycle.

- Flexibility to adopt appropriate behaviour given the situation and audience, always acts with integrity, openness and honesty, positive and enthusiastic

Performance measures

- Delivery of high quality pricing projects from start to end with minimal oversight

- Ensuring high engagement amongst direct reports

- Value added to the organisation

- Achievement of Loss ratio and GWP targets

- Ensuring minimal or no risk incidents

- High level contextual awareness and ensuring application of the following areas in ones thinking

o The customer

o The regulator

o The business

o The competitive environment

- Successful in equipping analysts with the positive integration of the pricing control cycle

- Proficiency in data, modelling, pricing and reporting tasks

- Creativity and innovation: Quantity and quality of new developments - develop new analytical solutions using industry best practice and taking account of critical business requirements

- Teamwork: Build strong working relationships with colleagues and senior management across Ageas

Here are some of the benefits you can enjoy: 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 ...