Company description

Job Title:Fraud and Pricing Analyst

Location:Basingstoke – Hybrid - Two Days In Office                                                                            

Employment Type:Full-Time/ Permanent

Salary:Up-to £45,000 + 10% Bonus

Hours:Monday - Friday

AA Summary

Assuming The AA is just about roadside help? There’s more to us than meets the eye.

The AA is one of the UK’s most well-known and trusted brands. We provide a range of services to millions of customers, from roadside assistance, financial services to insurance and driving lessons. Our mission is to help keep Britain moving, and we’re looking for dedicated individuals to join our team.Are you ready to join?

#LI-EJ #LI-Hybrid

This is the job

The role involves conducting pricing, pricing development, and monitoring activities to support the pricing strategies for AA Motor and Home Insurance. Additionally, the focus will be on enhancing the anti-fraud proposition for our insurer panel. 

What will I be doing?

• Work closely with the Panel Management and Counter Fraud teams to develop analysis, insights, MI, and data to profitably grow insurer portfolios and limit the impact of fraudulent activity.
• Conduct analyses to support business cases and financial modelling.
• Undertake competitor, portfolio, and ad-hoc analyses, allowing for trends and modelling future scenarios, ensuring statistical validity of output.
• Produce and conduct first-line reviews of regular MI reports, recommending actions based on findings.
• Ensure high quality of all analyses, with efficient data extraction and cleansing, timely reporting, and appropriate explanation and commentary.
• Support the design, build, and maintenance of robust pricing systems, models, and price test strategies to optimize acquisition and retention of AA business, delivering high-quality pricing analyses in line with market best practices, including machine learning techniques, and providing high-quality MI to monitor results and model performance.
• Collaborate closely with the Business Readiness Test Team, Digital Team, and IT teams to act as a business interface, ensuring the interests of the business are represented.

What do I need?

• Practical experience and understanding of the UK personal lines market, either at an insurance broker or insurer.
• Experience with anti-fraud detection tools, data providers, and proprietary software relevant to the UK personal lines market.
• Knowledge of financial crime and the techniques used by fraudulent companies and individuals to commit fraud.
• Analytical experience in a data-rich environment.
• Practical experience and understanding of financial modelling and business case construction.

• Experience using tools such as SAS, Radar, Databricks, Emblem, Python, Power BI – desirable.

Additional information

We’re always looking to recognise and reward our employees for the work they do. As a valued member of The AA team, you’ll have access to a range of benefits including:

• 25 days annual leave plus bank holidays + holiday buying scheme
• Worksave pension scheme with up to 7% employer contribution
• Free AA breakdown membership from Day 1 plus 50% discount for family and friends
• Discounts on AA products including car and home insurance
• Employee discount scheme that gives you access to a car salary sacrifice scheme plus great discounts on healthcare, shopping, holidays and more
• Company funded life assurance
• Diverse learning and development opportunities to support you to progress in your career
• Dedicated Employee Assistance Programme and a 24/7 remote GP service for you and your family

Plus, so much more!

We’re an equal opportunities employer and welcome applications from everyone. The AA values diversity and the difference this brings to our culture and our customers. We actively seek people from diverse backgrounds to join us and become part of an inclusive company where you can be yourself, be empowered to be your best and feel like you truly belong. We have five communities to bring together people with shared characteristics and backgrounds and drive positive change.