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- Tasks: Lead a pricing team for Individual Annuity and ERM products, ensuring fair value pricing.
- Company: Join a dynamic company focused on innovative financial solutions in the life actuarial sector.
- Benefits: Enjoy a permanent position in London with opportunities for professional growth and collaboration.
- Why this job: Be at the forefront of pricing strategy, influencing key business decisions and market positioning.
- Qualifications: Qualified Actuary or strong experience in a commercially driven pricing function required.
- Other info: Ideal for those passionate about analytics and team leadership in a competitive market.
The predicted salary is between 72000 - 100000 £ per year.
The role holder will develop and lead a commercially focused pricing team covering all Individual Annuity and ERM products, as well as will be expected to collaborate with other areas key functions to ensure that the impacts of pricing assumptions are understood and agreed.
- Location: London
- Category: Life Actuarial
- Type: Permanent
Key Responsibilities:
- Responsible for commercial and fair value pricing individual annuities and equity release mortgages
- Responsible for ensuring that capital requirements are fully understood and reflected within pricing (SII, Partial Internal Model, LICAT)
- Management of the production and review of experience studies and development of pricing, projection or valuation assumptions where relevant
- Responsible for working alongside Investments team (Asset Management)
- Monitor the market landscape for the relevant products and ensure a comprehensive understanding of competitors’ pricing strategies and tactical positioning
- Research and analyse internal and external data sources, develop models, analytical tools and techniques to provide insight into competitor pricing
- Responsible for oversight of pricing MI, including working with the distribution teams to expand and fully understand MI that is available
- Qualified Actuary or individual with strong experience in a commercially driven pricing function
- Commercially driven manager, with experience of building high performing teams
- Knowledge of UK Individual Annuity and Equity Release Mortgage markets
- Analysing and reasoning skills, to reach sound and defensible conclusions / recommendations based on data but being pragmatic as situation and needs dictate
- Understanding of actuarial techniques and modelling. The ability to apply these skills and techniques to solve business challenges
- Strong Influencing skills and experience of managing senior stakeholders across a number of disciplines
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Head of Pricing – 27739 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Pricing – 27739
✨Tip Number 1
Familiarize yourself with the latest trends in the Individual Annuity and Equity Release Mortgage markets. Understanding the competitive landscape will not only help you in interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who have experience in pricing functions. Engaging with industry peers can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical skills and familiarize yourself with the tools and techniques used in pricing models. Being able to discuss specific methodologies during your conversations will set you apart from other candidates.
✨Tip Number 4
Prepare to showcase your leadership experience by thinking of examples where you've built high-performing teams. Highlighting your ability to manage and influence senior stakeholders will be crucial for this role.
We think you need these skills to ace Head of Pricing – 27739
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Head of Pricing position. Understand the key responsibilities and required skills, especially focusing on commercial pricing strategies and actuarial techniques.
Tailor Your CV: Customize your CV to highlight relevant experience in pricing, team management, and actuarial work. Emphasize your understanding of the UK Individual Annuity and Equity Release Mortgage markets.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your leadership experience and your ability to collaborate with various teams. Mention specific examples of how you've successfully influenced stakeholders and driven pricing strategies.
Highlight Analytical Skills: In your application, emphasize your analytical and reasoning skills. Provide examples of how you've used data to make sound pricing decisions or recommendations in previous roles.
How to prepare for a job interview at The Emerald Group
✨Showcase Your Pricing Expertise
Make sure to highlight your experience in commercial pricing, especially in individual annuities and equity release mortgages. Be prepared to discuss specific examples of how you've developed pricing strategies and the impact they had on the business.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills by discussing how you've used data to inform pricing decisions. Bring examples of models or tools you've developed that provided insights into competitor pricing or market trends.
✨Understand the Market Landscape
Research the current market landscape for individual annuities and equity release mortgages. Be ready to discuss competitors' pricing strategies and how you would position your company's products effectively.
✨Highlight Team Leadership Experience
As a manager, it's crucial to demonstrate your ability to build and lead high-performing teams. Share your experiences in managing teams, fostering collaboration, and achieving results through effective leadership.
