Pricing Analyst

AXA UK plc, Gloucester

Pricing Analyst

£40000

AXA UK plc, Gloucester

  • Full time
  • Contract
  • Remote working

Posted 3 days ago, 29 Nov | Get your application in today.

Closing date: Closing date not specified

job Ref: 1b63fe96f1fe424685ce5a2ffe9794cf

Full Job Description

Do you have an interest in performance analysis? If you're analytical, great at influencing and detail oriented seeking a new opportunity, this could be an excellent development opportunity for you. We're seeking a highly organised individual to join our Pricing team, to assist with the performance analysis and recommendation of pricing and underwriting changes to auto-rated products across Property, Casualty and Motor classes. You'll have a passion for analysing data, utilising this to drive through pricing and underwriting changes to support strategic plans, ensuring that opportunities for development in this rapidly changing and developing SME marketplace are maximised. 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 40% of your week away from home, moving to the majority of your working week from September 2025. Away from home means either attendance at one of our office locations, visiting clients or attending industry events. We're also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition. What you'll be doing:

  • Develop and deliver pricing and underwriting reviews for the profitable development of our auto-rated product range.
  • Monitor, analyse and produce regular product performance reports.
  • Review question sets, underwriting criteria and rating structures of open market, direct and software house products, and produce recommendations for implementation.
  • Integrate key internal and external competitor monitoring data and other externally produced risk data with our pricing strategies and structures.
  • Maintain suitable governance documentation of rate tables, rate structures, algorithms and price changes, so the appropriate approval process is undertaken.
  • Recommend pro-active product development changes in consultation with other relevant stakeholders.
  • Act as a key referral point for any IT queries, implementing timely measures to resolve key system issues.
  • Develop more sophisticated rating engines for each product to support growth/profit objectives.
  • Assist with the audit of external software house and broker systems ensuring that they meet all required underwriting and compliance standards., 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., We believe in hiring people who possess the appropriate skills and values that align with our vision. Our selection process is fair and equitable, ensuring that all candidates have an equal opportunity to join us. We are dedicated to promoting diversity and inclusion, and we actively encourage applications from individuals of all backgrounds. As an Equal Opportunities Employer, we take pride in treating our employees and potential hires with respect and without discrimination based on any Protected Characteristics., AXA UK are recognised as a Disability Confident Leader. We actively encourage applications from people who face barriers in the workplace due to a disability or long-term health condition. We participate in the Disability Confident 'Offer of Interview' scheme. This means a fair and proportionate number of candidates with long-term health conditions or disabilities who meet the essential criteria of a job, will be offered an interview.
  • You'll need to show you meet the essential criteria as detailed in the job advert or job description
  • You don't need to share the details of your long term health condition or disability for your application to be considered under this scheme
  • As part of your application, you'll be asked if you would like to 'opt in'. To ensure ease of access, every job advert lists a responsible Talent Acquisition contact, who'll be able to connect you with our Accessibility Concierge if you require any support. Screening & Conduct As a regulated financial services company, all successful candidates will be subject to pre-employment checks. Additionally, adherence to the Prudential Regulation Authority's (PRA) Insurance Conduct Standards and the Financial Conduct Authority's (FCA) Conduct Rules will be required., This depends on the location of the role, and what works best for you and the interviewer. We'll give you all the information you need to prepare for whichever format's used for your interview.I'm struggling to connect to my online interview, what should I do? Don't worry, we know these things happen. Get in touch with the person who arranged your interview, or the Talent Acquisition contact. One of the team will be able to help get the interview started or re-arrange it for a different time.How do I get feedback on my interview? Whenever possible, we'll call and provide feedback by phone. Sometimes, we'll need to provide feedback by email.How can I prepare for my interview? We'll send a candidate preparation pack before the interview to help you prepare.

  • ACII or numeracy qualification - essential.
  • Strong skills in Excel and PowerPoint - essential.
  • Experience of producing detailed analyses from a variety of data sources, across a wide range of factors affecting product performance - essential
  • Experience using tools such as SAS, Radar, DataBricks, Power BI - advantage.
  • Ability to make effective decisions based on analyses to drive profitable growth.
  • Good analytical, presentation, influencing and persuasiveness skills.
  • Effective communication, influencing and strong relationship building skills.
  • Existing experience in the insurance industry with sound knowledge of small commercial products - preferred.
  • As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

    AXA Commercial protects businesses, from multinationals to micro start-ups, giving them the confidence to thrive. We're currently making our biggest ever investment to develop the expertise and skills we need to be the best. We're a vibrant community where everyone is supported to learn, develop, and take ownership of their work., At AXA we have a culture of trust, respect and care, where everyone belongs. We have an ambition to become one of the most inspiring companies to work for, as such we're committed to supporting employee needs, providing meaningful career development, and celebrating differences. We all have a role to play in ensuring a working environment in which everyone, regardless of who they are, can reach their true potential., At AXA we're committed to offering a fair and inclusive experience to all candidates. You're encouraged to report, in good faith, any concerns of behaviour or processes believed to be inappropriate, unethical, or illegal. Should you wish to report any concerns, you can do this through by sending an email to speak-up@axa.com, AXA's dedicated hotline. This service is managed by an independent investigation team. Please note that this email address is not for dealing with job or application related queries. Read more

    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 of up to £40,000 dependent on experience
  • Annual company & performance-based bonus
  • Contributory pension scheme (up to 12% employer contributions)
  • Life Assurance (up to 10 x annual salary)
  • 25 days annual leave plus Bank Holidays
  • Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
  • AXA employee discounts
  • Gym benefits, When will I hear back from you after my interview?
  • We aim to provide feedback as soon as the interview process allows. The time period will vary depending on the role.How do I discuss the package I've been offered for a role? You can discuss the package with your Talent Acquisition contact at offer stage.Yay! I've got the role, what's next? We'll carry out a number of background checks before you start. This is known as 'screening'.Do you do any background checks? Yes. All financial services companies, including AXA, are regulated by the Financial Conduct Authority (FCA). Being part of a regulated industry means we must check the background of all applicants before we confirm a job offer. Pre-employment screening is not just regulatory, it also gives us the confidence that our people are the right fit to protect what matters to customers, colleagues, and our business.
  • Who is screened? Everyone, from first-jobbers to senior directors! Often, the higher up the career ladder you are, the more stringent the screening becomes.
  • What is screened? Identity and address; qualifications; employment history; credit check; criminal record; directorships.
  • If you think anything may affect these checks, please tell us.What benefits or perks do you offer? At AXA, we appreciate the people who work for us and regularly review our rewards package to reflect that. The advert for the role you're interested in will detail what you can expect to receive, but you can see an overview of our benefits and perks on our Why Join Us page.Does AXA offer car allowance or a company car? This depends on the grade, role, and eligibility of the employee. Check the benefits listed on the ad for the role you're interested in or confirm with your recruitment contact.