Senior Technical Pricing Analyst

We're making a significant investment in pricing capability with a comprehensive pricing transformation programme. This includes the implementation of new pricing software, market-leading modelling, and performance monitoring approaches. Our pricing structure is more aligned to focus on the key disciplines of technical pricing, market pricing and pricing governance. As a result, several vacancies have arisen, with a need for strong data science, actuarial and governance skills.

Do you have an interest in technical pricing? If you have knowledge of actuarial techniques, including reserving, this could be the role for you. You'll build and evolve risk models, continually improving the predictiveness of claims across Individual, SME and Corporate portfolios. You'll use both traditional and emerging data science techniques, enabling more accurate pricing. You'll carry out analysis of risk mix, claims trends, inflation and new treatment costs to facilitate alignment with the Reserving and Claims Analytics teams. Monitor model performance and share insights with key stakeholders.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at either our Tunbridge Wells or Bournemouth offices, visiting clients or attending industry events.

What you'll be doing:

• Building, maintaining and enhancing pricing risk models using latest data science techniques including gradient boosting machines (GBMs), within agreed timelines.
• Contributing to documentation for taking models for approval pre-deployment.
• Reporting on agreed model performance key performance indicators (KPIs) at appropriate frequency.
• Ensuring modelling data meets required quality criteria, highlighting gaps and proposing solutions.
• Testing new data sources including internal customer data and external data, factors and feature engineering to enhance model predictiveness.
• Carrying out analysis of risk mix, claims trends, inflation and new treatment costs to facilitate alignment with the Reserving and Claims Analytics teams.
• Supporting less experienced colleagues in model building, analysis and data work., We acknowledge and appreciate the exceptional efforts of our people in protecting what matters most to our customers. In exchange we offer a series of core and supporting benefits designed to empower our people to thrive both professionally and personally.

Do you have experience in Python?, * Knowledge of claims data and machine learning modelling techniques, including GBMs, preferably with experience gained in insurance industry.

• Experience of using Radar software or Python to build models is preferred.
• Demonstrable experience of Databricks and Power BI is preferred.
• Knowledge of actuarial techniques including reserving.
• Awareness of the regulatory environment in which AXA Health operates and the dynamics of large organisations.
• Outstanding communication skills and ability to grasp and explain a range of technical concepts to business stakeholders.
• Solution focused, with a strong focus on delivery, and desire for continuous improvement.
• Appreciation of the benefits, value and need for collaboration.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre-employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.

What we offer:

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:

• Competitive annual salary dependent on experience
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• Private medical cover
• 25 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Wellbeing services & resources
• AXA employee discounts

At AXA Health, we're passionate about helping our members to put their health first, whether that's individuals and families, small businesses, or huge corporates. From fast access to diagnosis and treatment, to guidance and tools that can help them manage their health every day, not just when there's a problem, our members can be confident we'll guide them, every step of the way.