At a Glance
- Tasks: Lead product development and pricing for innovative financial services at St. James's Place.
- Company: Join a leading financial services firm with a focus on client outcomes.
- Benefits: Enjoy competitive salary, generous leave, and a rewarding bonus scheme.
- Other info: Hybrid work environment with opportunities for career growth and professional development.
- Why this job: Make a real impact in the financial sector while developing your actuarial expertise.
- Qualifications: Qualified actuary with experience in product development or pricing.
The predicted salary is between 60000 - 80000 £ per year.
Location: Cirencester Office
Workplace Type: Hybrid
Employment Type: Permanent
Seniority: Mid-Senior Level
About the Role
The Group Products team develop and oversee the suite of products and services available to clients of St. James's Place, ensuring they are fairly priced, support business growth and deliver good client outcomes. Within this role you’ll provide actuarial expertise to the Divisional Director of Manufactured Products in developing the range of manufactured wrapper products open to new business. This opportunity will suit a candidate with experience in a product development, pricing or commercial function. You’re likely to be a qualified actuary with experience and knowledge gained from within the financial services sector.
What You’ll Be Doing
- You’ll ensure that the product design and pricing of SJP products and services open to new business complies with all relevant regulations and legislation, including the Consumer Duty.
- Represent the Division on a range of cross-business projects, acting as Subject Matter Expert and monitoring resource to ensure successful implementation.
- Contribute to the research, design and development of profitable new products, making recommendations where these will add value.
- Provide actuarial support to various stakeholders including the Partnership, third-party administrators and internal teams across a range of business areas.
- Work including pricing concessions, product functionality, illustrations and other calculations.
- Liaise and maintain relationships with teams across the business and with a range of third-party providers.
- Provide figures and analysis to support business decisions, ensuring accuracy of illustrations, terms and conditions and product documentation.
- Act as a role model to junior actuaries and actuarial analysts, providing guidance and support.
Likely to be a qualified actuary (Fellow of the Institute and Faculty of Actuaries) with several years post qualification experience in a product development, pricing or commercial function. Excellent knowledge of UK Financial Services marketplace and consumer needs relating to financial products. Ability to acquire strong understanding of regulations and legislation relevant to St. James's Place products. Excellent Excel and other IT skills. Good understanding of processes such as Key Features Illustrations, charges and costs disclosure requirements and product governance. Ability to work autonomously, managing your time effectively to deliver against responsibilities. Great problem-solving skills, with the ability to understand and respond to complex issues. Able to find pragmatic solutions when faced with a range of numerical and regulatory constraints. Comfortable representing the Division in cross-divisional meetings and working groups, requiring strong communication skills and effective collaboration with a range of stakeholders, including to a senior level.
Other
Occasional travel within the UK as required.
What's in it for you?
We reward you for the work you do, whether that’s through our discretionary annual bonus scheme that reflects both personal and company performance, competitive annual leave allowance (28 days plus bank holidays, with the option to purchase an additional 5 days), or online rewards platform with a variety of discounts. We also have benefits to support whatever stage of life you are in, including:
- Competitive parental leave (26 weeks full pay)
- Private medical insurance (optional taxable benefit)
- 10% non-contributory pension (increasing with length of service)
Reasonable Adjustments
We're an equal opportunities employer and want to ensure our recruitment process is accessible and inclusive for all, if you require reasonable adjustment(s) at any stage please let us know by emailing us at careers@sjp.co.uk. Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you tick every box.
Actuary - Open Products Lead employer: St. James's Place
St. James's Place is an exceptional employer located in Cirencester, offering a hybrid work environment that promotes flexibility and work-life balance. With a strong focus on employee growth, we provide comprehensive benefits including competitive parental leave, private medical insurance, and a generous pension scheme, all within a supportive culture that values collaboration and innovation. Join us to be part of a dynamic team where your actuarial expertise will contribute to meaningful product development while enjoying a rewarding career path.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary - Open Products Lead
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of product development and pricing. Be ready to discuss how your experience aligns with the needs of the Group Products team at St. James's Place.
✨Tip Number 3
Showcase your problem-solving skills! Think of examples where you've tackled complex issues in your previous roles, especially in relation to regulations and product governance. This will really impress the hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at St. James's Place.
We think you need these skills to ace Actuary - Open Products Lead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuary - Open Products Lead role. Highlight your experience in product development, pricing, and any relevant actuarial expertise. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills can contribute to our team. Be sure to mention your understanding of regulations and your problem-solving abilities.
Showcase Your Technical Skills:Since this role requires excellent Excel and IT skills, don’t forget to mention any specific tools or software you’re proficient in. We love seeing candidates who can hit the ground running with their technical know-how!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at St. James's Place
✨Know Your Numbers
As an actuary, you'll be expected to have a strong grasp of numerical data. Brush up on your Excel skills and be prepared to discuss how you've used data analysis in previous roles. Think about specific examples where your calculations led to successful product pricing or development.
✨Understand the Regulations
Familiarise yourself with the relevant regulations and legislation that impact financial products, especially the Consumer Duty. Be ready to discuss how you’ve ensured compliance in past projects and how you would approach regulatory changes in this role.
✨Showcase Your Collaboration Skills
This role involves liaising with various stakeholders, so highlight your experience in cross-divisional projects. Prepare anecdotes that demonstrate your ability to communicate complex actuarial concepts clearly and work effectively with teams across different functions.
✨Be a Problem Solver
Expect questions that assess your problem-solving abilities. Think of scenarios where you faced complex issues and how you navigated them. Be ready to explain your thought process and the pragmatic solutions you implemented, especially under numerical and regulatory constraints.
