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Market Pricing Manager (Motor)

Location: London
Company: AXA
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Location GREATER LONDON, UNITED KINGDOM Experience level Experienced Hire Job details sector Finance, Control and Strategy Apply Share offer Facebook Twitter Linkedin

At AXA UK, we’re proud to be listed as the 2021 top insurance company to work for on Glassdoor (24th Best Place to Work overall) and more recently one of the Times Top 50 Employers For Women 2021 reflecting our amazing people, benefits and culture! We’re on an exciting growth trajectory, investing in our workforce of the future and are now recruiting for a permanent, full time Market Pricing Manager in Motor for AXA Retail. As part of our new smart working strategy, the Market Pricing Manager position can be performed as a hybrid worker, working from home approx 2 days a week in either our Central London, Weybridge or Ipswich offices depending on business requirements, the remaining to be worked at home and we are happy to talk flexible working.

Joining Axa Retail, our Pricing team has never looked so exciting, we're expanding and looking for a Market Pricing Manager to come and join us to lead our dedicated team of analysts in setting new Motor business and renewal prices to optimise commercial performance, subject to business appetite and customer treatment strategy. The role specifically sits in Motor, but applicants from all insurance pricing sectors will be considered. A key element to this role is your technical machine learning skills in Market Pricing, being able to develop technically enough to our ways of working, to therefore be able to be the last line of review in managing and developing the team.

Key attributes to the role:-

  • Leading the design and build of optimisations with responsibility for the review and approval of Radar models.
  • Reviewing and approving behavioural and market models.
  • Monitoring optimisation performance and impact of tactical rate changes including any broker specific rating factors.
  • Monitoring and analysing portfolio performance, identifying segments for rating action (considering the statistical significance of actual performance) and proposing tactical pricing changes.
  • Identify and propose actions to address stakeholder concerns.
  • Challenge pricing proposals brought by other teams where appropriate to maintain rigour in the approval process.
  • Analysing and monitoring competitor pricing activity.
  • Develop and enhance analytical techniques, processes and procedures, harnessing new technology.
  • Presenting pricing proposals in committees and influencing stakeholders around the business.
  • Manage and develop the skills of direct reports. Train and support all analysts within Market Pricing for direct motor tasks.

Diversity & Inclusion

At AXA Insurance, we believe that a culture of inclusion and diversity is critical to our business and regardless of our differences, we all have something to bring to the table. We recognise that diversity means we can attract the greatest talent, to harness and develop individual skills and create a brilliant place to work. AXA believes a happy and engaged workforce that strives to celebrate diversity, enables us to be the very best we can be for all our customers.

With a strong Diversity and Inclusion agenda that goes beyond just focusing on the Protected Characteristics of the Equality Act 2010, we really want to achieve a culture where everybody can bring 100% of themselves to work. After all, different people working together make an organisation more dynamic and stronger. It's key to sustaining our competitive advantage, today and in the future

We are an Equal Opportunities Employer. AXA is proud to support the needs of our employees and as such understands everyone has individual work and home life responsibilities. We are therefore happy to discuss flexible working arrangements for this role, should this be a requirement for you.

Experience:

We are looking for an experienced Senior Pricing Analyst who is looking for progression or a manager who has experience of pricing personal lines insurance but it is esential you have an insurance backgroud. You will have knowledge of customer behavioural modelling and preferable if you have peer reviewing of models with experience of optimising a personal lines portfolio.

Software

It is advantageous that you have experience of Radar software and knowledge of Emblem, R and Python preferable.

To be successful you will understand the impact and key features of rating action, anticipate stakeholder questions and be prepared to answer them as a technical expert.

With a presence in over 60 countries, and 165,000 employees serving the needs of 107 million customers, AXA is big.

But never too big to care for every single person who works here. So when you join us, we promise to put our collective might behind you and your career.

You’ll work in an open and supportive environment where you’ll be developed, challenged and encouraged to move around to achieve even bigger and better things – nationally and internationally. You’ll learn directly from senior leaders, from the best in our business. And you’ll enjoy real responsibility, really early on.

Every large company today talks about supporting diversity and inclusion. But at AXA UK, these values form an integral part of everything we do. For us, it’s about bringing together the best talent, helping people to realise their full potential by being 100% themselves at work and delivering outstanding service to everyone – regardless of difference.


Proud to be part of the AXA Group, a global insurance brand and a worldwide leader in financial services, AXA Insurance businesses employ over 5,500 in a network of offices across the UK. Our expert teams care for a huge range of customers, helping them protect their cars, homes and businesses against life’s uncertainties. Whether bought directly, through brokers or through a number of corporate partners, our market-leading products are trusted by millions.

At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:

  • £65-£80,000 annual salary DOE
  • Annual performance/company bonus and annual salary review
  • Enhanced contributory pension scheme (up to 12% employer contributions)
  • Private Medical Insurance
  • Life Cover (up to 10 x annual salary)
  • 28 days annual leave plus Bank Holidays
  • Opportunity to buy up to 5 extra days leave or sell up to 3 days leave
  • Enhanced parental leave
  • Flexible benefit options and multiple local and national discounts.
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