At a Glance
- Tasks: Build and evolve pricing models for individual annuities while collaborating with various teams.
- Company: Leading UK retirement specialist entering an exciting growth phase.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Fast-paced environment with opportunities to become a subject matter expert.
- Why this job: Make a real impact in the growing individual annuity market with innovative pricing strategies.
- Qualifications: Qualified or nearly qualified actuary with experience in Individual Annuity pricing.
The predicted salary is between 60000 - 75000 £ per year.
Miryco has an amazing opportunity for a Pricing Actuary with a specialism in Individual Annuities.
A leading UK retirement specialist is entering an exciting new phase of growth, expanding its offering into the individual annuity market.
The Pricing Actuary will be responsible for building and evolving the pricing model, developing processes and governance for model updates, designing and heling to implement the quotation infrastructure and MI that will underpin our customer proposition.
The role will combine rigorous actuarial modelling with commercial awareness, requiring close collaboration with other parts of the retail team including the distribution, operations, technology and proposition development teams.
Key Responsibilities
- Develop the individual annuity pricing model and work closely with the relevant technology teams to maintain and improve the model over time.
- Design and run the process to select a reinsurer and work closely with the chosen partner to integrate their underwriting with the company's pricing approach
- Create the necessary MI reporting on market pricing dynamics.
Carry out regular competitor rate monitoring and provide pricing recommendations in response changes in relative value between pricing segments.
- Provide actuarial input to the product development process, assessing the pricing implications of new product features, benefit structures and underwriting changes.
- Contribute to regulatory and capital reporting as relevant to the individual annuities book.
Skills and Experience
- Qualified or nearly qualified actuary (IFo A Fellowship or equivalent), with experience in Individual Annuity pricing.
- Experience of longevity postcode models, mortality experience
- Good commercial awareness, with the ability to translate technical pricing outputs into clear business recommendations.
- Strong communication skills, with the ability to explain complex actuarial concepts to non-actuarial stakeholders, including large groups and senior stakeholders.
- Curiosity and willingness to learn needed to become a subject matter expert for the business in new areas.
- Self-starter mindset, able to take initiative and work effectively in a fast-paced build-out environment.
Please note that if you have not been contacted within ten working days of submitting your application, unfortunately your application has not been shortlisted on this occasion.
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Pricing Actuary - individual Annuities in London employer: Miryco Consultants Ltd
Miryco Consultants Ltd is an excellent employer, offering a dynamic work culture that fosters collaboration and innovation within a high-performing implementation team. Employees benefit from professional growth opportunities through exposure to complex business change projects and corporate strategy, all while enjoying the vibrant atmosphere of Greater London.
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We think this is how you could land Pricing Actuary - individual Annuities in London
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We think you need these skills to ace Pricing Actuary - individual Annuities in London
Some tips for your application 🫡
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How to prepare for a job interview at Miryco Consultants Ltd
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