At a Glance
- Tasks: Lead pricing strategy and product development for protection products.
- Company: Purpose-driven organisation focused on customer value and innovation.
- Benefits: Influence business strategy and work with an experienced leadership team.
- Other info: Collaborative environment with a focus on long-term success.
- Why this job: Shape the future of protection products and drive profitable growth.
- Qualifications: Qualified actuary with experience in pricing and product development.
The predicted salary is between 80000 - 100000 £ per year.
Our client provides a wide range of health, welfare and protection products designed to deliver peace of mind and financial security when it matters most. With decades of experience and a strong commitment to exceptional service, they are proud to support customers through every stage of life. We are now seeking an experienced and commercially focused Senior Pricing Actuary / Head of Pricing to play a pivotal role in shaping the future of our protection business.
The Role
Working closely with the Chief Actuary, CEO and senior leadership team, you will lead pricing strategy, product development and wider commercial initiatives across the business. This is a high-impact leadership role requiring deep technical expertise, strategic thinking and strong commercial acumen to drive profitable growth and innovation. You’ll lead the pricing function, oversee the development of agile pricing capabilities, and ensure products continue to meet customer, regulatory and commercial expectations.
Key Responsibilities
- Lead and shape the pricing strategy across protection products
- Manage and develop the pricing team, delivering robust, data-driven pricing analysis
- Balance commercial objectives with capital, liquidity and risk considerations
- Work closely with Distribution, the CEO and Chief Actuary to define target markets, product features and pricing objectives
- Oversee the development and enhancement of agile pricing models and scenario analysis capabilities
- Provide technical oversight for pricing and product implementation projects, including testing and system integration
- Ensure compliance with regulatory requirements, Consumer Duty and fair value expectations
- Collaborate with underwriting, claims, finance and distribution teams to support business objectives
- Provide leadership and mentorship to actuarial and analytical colleagues
- Contribute to broader strategic and executive-level initiatives across the organisation
About You
We’re looking for a qualified actuary with strong experience in pricing and product development within the protection market. You’ll combine technical excellence with commercial awareness and the ability to influence senior stakeholders. You’ll ideally bring:
- Extensive experience in protection pricing and product development
- Strong leadership and stakeholder management skills
- A strategic mindset with the ability to translate analysis into commercial action
- Experience working within a regulated financial services environment
- Knowledge of Consumer Duty and fair value requirements
- Excellent communication and collaboration skills
Why Join Us?
This is an opportunity to join a purpose-driven organisation where your expertise will directly influence business strategy, innovation and customer outcomes. You’ll work alongside an experienced leadership team in a collaborative environment focused on growth, customer value and long-term success.
Senior Protection Pricing (Head of Pricing) Actuary employer: The Actuary
Contact Detail:
The Actuary Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Protection Pricing (Head of Pricing) Actuary
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend relevant events, and engage on platforms like LinkedIn. We can’t stress enough how personal connections can open doors that applications alone can’t.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their pricing strategies and be ready to discuss how your experience aligns with their goals. We want you to shine and show them you’re the perfect fit!
✨Tip Number 3
Showcase your leadership skills! Be ready to share examples of how you’ve led teams or projects in the past. We believe that demonstrating your ability to influence and mentor others will set you apart from the competition.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can leave a lasting impression. We recommend reiterating your enthusiasm for the role and how you can contribute to their success.
We think you need these skills to ace Senior Protection Pricing (Head of Pricing) Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences that align with the Senior Pricing Actuary role. Highlight your leadership experience and any relevant projects you've worked on in pricing and product development.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share your passion for protection products and how your strategic mindset can contribute to our mission of delivering peace of mind to customers.
Showcase Your Technical Expertise: Don’t shy away from detailing your technical skills in pricing models and data analysis. We want to see how you’ve used these skills to drive profitable growth and innovation in your previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. This ensures your application gets to the right people quickly, and it’s the best way to show us you’re serious about joining our team!
How to prepare for a job interview at The Actuary
✨Know Your Numbers
As a Senior Pricing Actuary, you'll need to demonstrate your deep technical expertise. Brush up on key pricing models and data analysis techniques relevant to the protection market. Be ready to discuss how you've used data to drive pricing strategies in the past.
✨Showcase Your Leadership Skills
This role requires strong leadership and stakeholder management skills. Prepare examples of how you've successfully led teams or projects, particularly in a regulated environment. Highlight your ability to mentor others and influence senior stakeholders.
✨Understand the Market Landscape
Familiarise yourself with current trends in the protection market and regulatory requirements like Consumer Duty. Be prepared to discuss how these factors influence pricing strategies and product development, showing that you can balance commercial objectives with compliance.
✨Communicate Clearly and Confidently
Excellent communication is key for this role. Practice articulating complex actuarial concepts in a way that's easy to understand. During the interview, aim to engage with your interviewers by asking insightful questions about their pricing strategy and business objectives.