At a Glance
- Tasks: Lead pricing strategy and governance for Group Protection products while mentoring junior actuaries.
- Company: A leading employee benefits insurer with a focus on innovation and collaboration.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Join a supportive team and enhance your career in a regulated insurance setting.
- Why this job: Make impactful pricing decisions and develop future actuarial talent in a dynamic environment.
- Qualifications: Qualified Life Actuary with strong pricing and analytical skills.
The predicted salary is between 66150 - 80850 £ per year.
Job Summary
A leading employee benefits insurer is seeking a Senior Pricing Manager to join its actuarial team.
This is a senior technical pricing role with responsibility for setting pricing bases, reviewing experience and assumptions, and supporting commercially robust pricing decisions across a range of Group Protection products.
The role offers the opportunity to take ownership of significant pricing activity, contribute to pricing strategy and governance, and provide technical leadership to junior actuarial colleagues.
About the Role
You will play a key role in the development and delivery of pricing across Group Life products.
Your responsibilities will include
- Leading the setting of central pricing bases and agreeing product terms.
- Owning pricing reviews and annual experience investigations.
- Reviewing pricing assumptions and making recommendations for changes.
- Monitoring emerging risk trends, new money rates, expenses and cost of capital.
- Recommending pricing adjustments where appropriate, ensuring pricing remains commercially robust and within risk appetite.
- Preparing pricing reports and presenting recommendations to senior governance forums.
- Working with Financial Underwriting, Distribution, Marketing and technology/data teams to translate pricing analysis into commercial decisions.
- Considering pricing recommendations in relation to fair value, Conduct Risk, Consumer Duty and Solvency II requirements.
- Maintaining appropriate controls across pricing processes and identifying opportunities to improve ways of working.
- Supporting wider pricing and risk-selection strategic initiatives.
- Providing technical guidance, coaching and line management to actuarial students and newly qualified actuaries.
About You
You will be a qualified Life Actuary with strong post-qualification experience and a background in life, health or protection insurance.
You will bring
- Strong hands-on pricing experience.
- Experience reviewing pricing assumptions and investigating experience.
- Strong numerical, analytical and actuarial modelling skills.
- Confidence working with data and IT tools to support pricing analysis.
- Experience producing reports and presenting technical recommendations to senior stakeholders.
- An understanding of commercial pricing considerations, including risk appetite, expenses and cost of capital.
- Experience working within a regulated insurance environment.
- The ability to provide technical guidance and support the development of junior actuarial colleagues.
You must have the right to work in the UK.
Why Apply?
This is an opportunity to take on a senior technical pricing position within a specialist employee benefits insurer, with responsibility across multiple Group Protection products.
The role combines hands-on actuarial pricing, experience analysis, pricing governance and strategic initiatives, alongside the opportunity to influence pricing decisions and support the development of the wider pricing capability.
You will also have responsibility for coaching and developing actuarial students and newly qualified actuaries, giving the role a clear technical leadership component.
The position operates on a hybrid basis, with three days in the office and two days working from home.
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Senior Pricing Manager in London employer: The Actuary
As a leading player in the life insurance sector, our company offers an exceptional work environment that fosters professional growth and innovation. With a strong emphasis on collaboration and employee development, we provide comprehensive training programs and opportunities for advancement, ensuring that our team members thrive in their careers. Located in a vibrant city, we also promote a healthy work-life balance, making us an attractive employer for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Manager in London
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We think you need these skills to ace Senior Pricing Manager in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at The Actuary.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Actuary. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at The Actuary
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Actuary to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at The Actuary, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding The Actuary's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
