Senior Life Pricing Actuary

Senior Life Pricing Actuary

Windsor Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead innovative pricing strategies for life insurance across global markets.
  • Company: Join Neilson, a top international life insurance provider dedicated to family financial protection.
  • Benefits: Enjoy a dynamic work environment with opportunities for mentorship and professional growth.
  • Why this job: Make a real impact on business growth while working in a fast-paced, entrepreneurial culture.
  • Qualifications: Fellow of Institute and Faculty of Actuaries with substantial life insurance pricing experience required.
  • Other info: We value diversity and provide accessible application processes for all candidates.

The predicted salary is between 43200 - 72000 £ per year.

At Neilson, we're dedicated to helping families secure financial protection for their loved ones with a range of life insurance options. We have evolved from our origins in the UK, where the business was launched in 2012, to become an award-winning international operation and leader in the global life insurance market. Today, we have offices in the USA, Canada, Ireland, and Australia.

As our Senior Life Pricing Actuary, you'll spearhead our product pricing strategies across multiple international markets. This influential role offers significant visibility throughout the organization and the chance to directly impact business growth through innovative pricing solutions that resonate with consumers.

Your Impact

  • Design and implement competitive retail pricing strategies across the UK, Canada, and Australia
  • Conduct comprehensive Value for Money (VFM) assessments to ensure product competitiveness
  • Lead sophisticated Experience Investigations, with particular focus on Lapse analysis
  • Develop and maintain dynamic pricing models balancing profitability with market position
  • Collaborate with marketing and product teams to optimize product features and pricing
  • Contribute valuable insights to embedded value reporting for strategic business decisions
  • Partner with the corporate actuarial team on financial projections and planning
  • Mentor and develop junior actuarial talent

Qualifications

  • Fellow of Institute and Faculty of Actuaries or equivalent qualification
  • Substantial experience in life insurance product pricing
  • Proven track record developing successful pricing strategies
  • Strong understanding of distribution channels and consumer behavior
  • Multi-regulatory environment experience (UK, Canada, Australia preferred)
  • SQL proficiency for advanced pricing analysis
  • Deep knowledge of experience analysis methodologies
  • Exceptional analytical problem-solving and communication skills

You thrive in fast-paced environments where flexibility and adaptability are essential. Your commercial focus combines with deep technical understanding of insurance pricing principles. You seamlessly balance actuarial rigor with market awareness and have a passion for creating innovative insurance solutions that deliver value to both customers and the business.

If you are passionate about making a difference, you thrive in a fast paced and entrepreneurial environment and you want to be a part of a high performing team, we would love to hear from you!

Accessibility For Job Applicants

We strive to make our job application process accessible to all individuals, including those with disabilities. If you require accommodation at any stage of the application, interview, or selection process, please contact our Human Resources department. Our team will work with you to provide suitable accommodations to ensure your participation.

Equal Opportunity Employer

Neilson Financial Services is an equal opportunity employer. We welcome and encourage applications from candidates of all backgrounds and abilities. Our commitment to diversity and inclusion is fundamental to our company culture.

Senior Life Pricing Actuary employer: Neilson Financial Services

At Neilson, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As a Senior Life Pricing Actuary, you will have the opportunity to lead impactful pricing strategies across international markets while benefiting from our commitment to employee growth and development. With a focus on diversity and inclusion, we provide a supportive environment where your contributions are valued, and your career can flourish.
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Contact Detail:

Neilson Financial Services Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Life Pricing Actuary

✨Tip Number 1

Familiarise yourself with the life insurance markets in the UK, Canada, and Australia. Understanding the regulatory environments and consumer behaviours in these regions will give you a significant edge during discussions and interviews.

✨Tip Number 2

Brush up on your SQL skills, as proficiency in this area is crucial for advanced pricing analysis. Consider working on real-life data projects or online courses to demonstrate your capability in handling complex data sets.

✨Tip Number 3

Network with professionals in the actuarial field, especially those who have experience in life insurance pricing. Engaging with industry peers can provide insights into current trends and may even lead to referrals within the company.

✨Tip Number 4

Prepare to discuss your previous experiences in developing pricing strategies. Be ready to share specific examples of how your work has positively impacted business growth, as this will showcase your value to the team.

We think you need these skills to ace Senior Life Pricing Actuary

Fellow of Institute and Faculty of Actuaries or equivalent qualification
Substantial experience in life insurance product pricing
Proven track record developing successful pricing strategies
Strong understanding of distribution channels and consumer behaviour
Experience in multi-regulatory environments (UK, Canada, Australia preferred)
SQL proficiency for advanced pricing analysis
Deep knowledge of experience analysis methodologies
Exceptional analytical problem-solving skills
Strong communication skills
Ability to design and implement competitive retail pricing strategies
Experience conducting Value for Money (VFM) assessments
Ability to lead sophisticated Experience Investigations, particularly Lapse analysis
Experience in developing and maintaining dynamic pricing models
Collaborative mindset for working with marketing and product teams
Mentoring and developing junior actuarial talent

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Senior Life Pricing Actuary position. Tailor your application to highlight your relevant experience in life insurance product pricing and your understanding of multi-regulatory environments.

Highlight Relevant Experience: In your CV and cover letter, emphasise your substantial experience in life insurance product pricing and any successful pricing strategies you've developed. Use specific examples to demonstrate your analytical problem-solving skills and your ability to balance profitability with market position.

Showcase Technical Skills: Make sure to mention your SQL proficiency and any other technical skills that are relevant to the role. Highlight your experience with dynamic pricing models and your knowledge of experience analysis methodologies, as these are crucial for the position.

Personalise Your Application: Address your application to the hiring team at Neilson and express your passion for making a difference in the life insurance sector. Mention how your commercial focus and adaptability align with their fast-paced and entrepreneurial environment.

How to prepare for a job interview at Neilson Financial Services

✨Showcase Your Pricing Strategy Experience

Be prepared to discuss your previous experience in developing pricing strategies, especially in life insurance. Highlight specific examples where your strategies led to measurable business growth or improved competitiveness in the market.

✨Demonstrate Analytical Skills

Since the role requires exceptional analytical problem-solving skills, be ready to explain your approach to conducting Value for Money assessments and Experience Investigations. Use real-life scenarios to illustrate how you balance profitability with market position.

✨Familiarise Yourself with Multi-Regulatory Environments

Given the international scope of the role, brush up on the regulatory environments in the UK, Canada, and Australia. Be prepared to discuss how these regulations impact pricing strategies and consumer behaviour in each market.

✨Emphasise Collaboration and Mentorship

This position involves working closely with marketing and product teams, as well as mentoring junior actuaries. Share examples of how you've successfully collaborated across departments and contributed to the development of others in your field.

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