Pricing Actuary

Overview

In this role you will support the Protection Pricing team, delivering accurate pricing deliverables and biometric analysis for Protection business. You will mentor junior colleagues, validate data and assumptions, and help refine pricing tools and processes. You work closely with the Protection department and other branches to balance commercial goals with risk. You will contribute to new protection propositions and basis development while staying aligned with regulatory and conduct requirements.

Pay / Benefits

• competitive compensation package
• on target bonus
• 25 days annual leave (+ buy/sell)
• private medical insurance
• employers contributory pension (10%)
• fully paid 6 months family leave

Responsibilities

• Deliver accurate and timely pricing work and biometric analyses
• Review and guide junior team members; check quotes and projects for data accuracy
• Assist with pricing assumptions, experience analysis, and commercial term negotiations
• Develop understanding of financial impacts across metrics and balance commercial risk
• Support protection basis/assumptions development and new proposition initiatives
• Contribute to tool/process improvements and adoption of new technology
• Engage with stakeholders across the Protection market and other departments
• Provide input on non-technical topics and branch-wide initiatives

Key requirements

• Knowledge of UK life insurance market
• Understanding of pricing processes, experience analysis, assumptions setting, and modelling methodology
• Prior pricing experience; reinsurance pricing is a plus
• Strong analytical and judgement capabilities under uncertainty
• Ability to communicate complex concepts to varied audiences
• Confidence and diplomacy to challenge peers and manage upwards
• Effective stakeholder management across technical levels
• Strong Excel and Word skills; experience with R, Python, VBA or similar; Power BI desirable
• Communication of technical concepts to diverse audiences
• Collaboration and teamwork
• Decision making under uncertainty
• Microsoft Excel
• Microsoft Word
• R

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