Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead pricing work and develop innovative pricing methodologies for our products.
- Company: Join a forward-thinking Society focused on commercial success and teamwork.
- Benefits: Enjoy a generous pension scheme, competitive salary, and professional growth opportunities.
- Why this job: Make a real impact on product pricing and contribute to the Society's success.
- Qualifications: 5+ years of actuarial experience and strong modelling skills required.
- Other info: Collaborative environment with opportunities for career advancement.
The predicted salary is between 36000 - 60000 £ per year.
We’re looking for an experienced pricing actuary to lead our pricing work and play a key role in the commercial success of the Society. You’ll take ownership of how our products are priced, reviewed and monitored, while working closely with teams across the business.
Overview
Summary of Area / Department focus: For the commercial success of the Society, the pricing actuary will be responsible for:
- Developing pricing methodologies, assumptions and models.
- Delivering new products to the market.
- Monitoring the experience and profitability of existing products.
- Re-pricing existing products.
- Carrying out premium reviews on reviewable products.
- Supporting other product related work, for example:
- Implementing new or updated reinsurance agreements.
- Supporting consumer duty activities.
- Developing management information for the business.
- Supporting the Chief Actuary with any other BAU (e.g. experience analysis, valuation etc), peer reviews and project work as required.
Job purpose
The Pricing Actuary will lead the pricing work and is responsible for the timely delivery at acceptable cost and quality of all agreed deliverables. They will be responsible for:
- Agreeing a plan for pricing work with key stakeholders each year.
- Developing the methodology, assumptions, models and outputs for each deliverable, as required.
- Ensuring work meets technical actuarial standards.
- Ensuring work meets the Society’s governance requirements.
- Providing oversight and review of work (pricing, valuation & project) carried out by other team members, as required.
- Providing actuarial support to the wider actuarial team and the rest of the business as required.
Skills we’re looking for
- Actuarial modelling for life products
- Actuarial assumption setting for life products
- Software skills (e.g. Excel, VBA, R or Python)
Knowledge
- Solvency UK
- UK protection products and market
- Knowledge of income protection products a bonus but not necessary
- General understanding of reinsurance for protection business
Experience
- At least 5 years of actuarial experience, including:
- Modelling for pricing or valuation work.
- Project work.
- Responsibility for deliverables.
- Reporting to senior stakeholders.
Qualifications
- Either qualified or currently sitting final exam.
What we offer
- Company pension scheme, you contribute 1%, we contribute 7%
Pricing Actuary in Gloucester employer: Holloway Friendly
Contact Detail:
Holloway Friendly Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary in Gloucester
✨Tip Number 1
Network like a pro! Reach out to fellow actuaries and industry professionals on LinkedIn. Join relevant groups and engage in discussions to get your name out there. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss actuarial modelling, assumptions, and software tools like Excel or Python. Show them you’re not just a number cruncher but a strategic thinker!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one. Quality over quantity, folks!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit for the pricing actuary position!
We think you need these skills to ace Pricing Actuary in Gloucester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your actuarial modelling experience and any relevant software skills like Excel or Python. We want to see how you can contribute to our pricing work!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Pricing Actuary role. Share specific examples of your past work that align with our needs, especially around developing pricing methodologies and delivering new products.
Showcase Your Experience: Don’t just list your previous roles; describe your responsibilities and achievements in detail. We’re particularly interested in your experience with pricing, valuation, and project work. Make it clear how your background aligns with what we’re looking for.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Holloway Friendly
✨Know Your Numbers
As a pricing actuary, you'll need to demonstrate your expertise in actuarial modelling and assumptions. Brush up on your knowledge of life products and be ready to discuss specific methodologies you've developed or used in the past. This will show that you can hit the ground running.
✨Showcase Your Software Skills
Make sure you're comfortable discussing your experience with software like Excel, VBA, R, or Python. Prepare examples of how you've used these tools in your previous roles to develop pricing models or analyse data. This will highlight your technical capabilities and problem-solving skills.
✨Understand the Business Context
Familiarise yourself with the Society's products and market position. Be prepared to discuss how your work as a pricing actuary can contribute to the commercial success of the organisation. Showing that you understand the bigger picture will impress your interviewers.
✨Prepare for Stakeholder Engagement
Since you'll be working closely with various teams, think about how you've successfully communicated complex actuarial concepts to non-technical stakeholders in the past. Prepare anecdotes that illustrate your ability to collaborate and influence others, as this is key for the role.
