At a Glance
- Tasks: Collaborate with teams to design innovative insurance products and deliver pricing solutions.
- Company: Join Income Insurance, a leader in creating value and fostering a dynamic learning culture.
- Benefits: Enjoy competitive salary, health benefits, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on innovation and efficiency.
- Why this job: Make a real impact in the health insurance sector while developing your actuarial skills.
- Qualifications: Actuarial qualifications progress and 4 years of relevant experience required.
The predicted salary is between 50000 - 60000 £ per year.
At Income Insurance, we aim to create exponential value and cultivate a dynamic learning culture. As part of Income’s Actuarial Pricing Team, the candidate will work closely and collaborate with stakeholders across the organization to deliver business-oriented, customer-focused and innovative insurance solutions. This role is intended for an experienced individual contributor who can independently deliver health pricing workstreams while working under guidance from senior leaders.
Key Responsibilities
- Close collaboration with Product Development Team and relevant business stakeholders to design and devise innovative product propositions and support product pricing and implementation, while ensuring internal financial metrics are met.
- Work closely with Manager, Head of GH Pricing, Chief Actuary and other senior stakeholders, as required, to support and contribute actuarial analysis and pricing recommendations aligned with company product strategy for the health business.
- Monitor portfolio experience, conduct experience studies to set pricing assumptions and perform periodic repricing exercises.
- Provide insights on key drivers and emerging risks.
- Strengthen technical pricing and analytics for the team tapping on data-driven insights using external and internal data sources.
- Adopt best practices and effective controls and monitoring framework in the delivery of pricing work to protect Income against regulatory, financial and reputation risk.
- Enhancing Actuarial Pricing Process to improve efficiency, robustness and turnaround time.
- Adopt design-thinking and agile principles, in delivering pricing and product-related projects.
Qualifications
- Good progress in actuarial qualifications with either US, UK, or Australia Actuarial Institute, with at least 4 years of work experience in Actuarial function.
- Experienced in health and protection product development and pricing.
- Experience in using actuarial modelling tools and data software such as Prophet & Alteryx will be a plus.
- Able to work independently with strong project management, communication and actuarial technical skills.
- Confident in constructively challenging the status quo and proposing improvements to drive better outcomes.
- Adaptable and open to a dynamic working environment and willing to explore new ways of working.
- Experience in stakeholder management and/or project-based work.
Assistant Manager, Actuarial (Health & Integrated Shield Pricing) employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Manager, Actuarial (Health & Integrated Shield Pricing)
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to folks on LinkedIn. Building relationships can open doors that you didn’t even know existed.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences and how you’ve tackled challenges in your previous roles. Let them see the value you can bring to their team.
✨Tailor Your Approach
Every company is different, so make sure you understand Income Insurance’s culture and values. When you’re in interviews or networking, align your skills and experiences with what they’re looking for. It shows you’re genuinely interested!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and really keen on joining the team.
We think you need these skills to ace Assistant Manager, Actuarial (Health & Integrated Shield Pricing)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Assistant Manager role. Highlight your actuarial qualifications and any relevant experience in health pricing to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit for our dynamic team at Income Insurance.
Showcase Your Collaboration Skills: Since this role involves working closely with various stakeholders, be sure to mention any past experiences where you've successfully collaborated on projects. We love seeing teamwork in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Numbers
Brush up on your actuarial knowledge and be ready to discuss specific metrics and pricing strategies. Familiarise yourself with the latest trends in health insurance pricing and be prepared to share insights on how you can contribute to Income's goals.
✨Showcase Collaboration Skills
Since this role involves working closely with various stakeholders, think of examples from your past experiences where you successfully collaborated on projects. Highlight your ability to communicate effectively and how you’ve navigated challenges in team settings.
✨Demonstrate Problem-Solving Abilities
Prepare to discuss how you've tackled complex actuarial problems in the past. Use the STAR method (Situation, Task, Action, Result) to structure your answers, showcasing your analytical skills and innovative thinking in developing solutions.
✨Be Ready for Technical Questions
Expect questions about actuarial modelling tools like Prophet and Alteryx. Brush up on your technical skills and be ready to explain how you've used these tools in your previous roles to drive efficiency and improve outcomes.