At a Glance
- Tasks: Lead pricing analysis for Protection reinsurance opportunities and manage tender processes.
- Company: Globally renowned life reinsurer with international reach across multiple continents.
- Benefits: Competitive salary, exposure to senior stakeholders, and opportunities for international collaboration.
- Other info: Opportunity to coach junior team members and improve pricing processes.
- Why this job: Make a meaningful impact in a visible pricing role within a major reinsurance business.
- Qualifications: Qualified actuary with strong technical ability and previous pricing experience.
The predicted salary is between 60000 - 80000 £ per year.
A globally renowned life reinsurer is seeking to hire a qualified actuary into their European Protection Pricing team. This is an excellent opportunity for a technically strong pricing actuary to join a high‑calibre reinsurance business with genuine international reach across Europe, Asia, Australia and North America. The role will focus on Protection business, covering Life, Critical Illness and Income Protection, with a particular focus on UK and Ireland reinsurance opportunities.
The team is responsible for experience analysis, best‑estimate assumption setting and technical pricing work as part of new business tenders and in‑force reviews. They work closely with teams across underwriting, claims, client solutions, research, analytics and wider actuarial functions to deliver commercially robust pricing recommendations. This role would suit a qualified actuary with strong pricing experience who enjoys combining technical analysis with commercial judgement.
The successful candidate will take ownership of pricing work, lead parts of the tender process, derive assumptions, review outputs, produce clear documentation and help deliver high‑quality responses to clients.
Key Responsibilities- Leading pricing analysis for Protection reinsurance opportunities across the UK and Ireland
- Setting and reviewing assumptions for Life, Critical Illness and Income Protection business
- Managing pricing work during tenders and in‑force reviews
- Producing clear reports and executive summaries for senior stakeholders
- Working directly with client‑facing teams and pricing counterparts during quote processes
- Balancing technical accuracy with commercial pragmatism
- Improving pricing processes, documentation and controls
- Coaching junior actuarial team members and supporting their development
- Building strong relationships across pricing, underwriting, claims, analytics and business development teams
The ideal candidate will be a qualified actuary with strong technical ability and previous pricing experience, ideally within the UK or Irish Protection market. Experience with tools such as Tyche, SQL, Tableau, R and Excel would be highly beneficial. This is a strong opportunity for someone who wants to work in a visible pricing role with senior stakeholder exposure, international collaboration and the chance to make a meaningful contribution to a major Protection reinsurance business.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Pricing Actuary
✨Tap into Campus Networks
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Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Goodman Masson. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Reinsurance Pricing Actuary
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Goodman Masson.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Goodman Masson's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Goodman Masson
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Goodman Masson.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Goodman Masson will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Goodman Masson employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
