At a Glance
- Tasks: Lead pricing strategies and collaborate with teams to enhance employee benefits.
- Company: Join Unum, a specialist in creating healthy workplaces within the international Unum Group.
- Benefits: Enjoy bonuses, pension plans, private medical insurance, and health support.
- Other info: Hybrid working model with opportunities for professional development and inclusivity.
- Why this job: Make a real impact on pricing strategies while supporting your career growth.
- Qualifications: Qualified actuary with strong pricing experience and excellent communication skills.
The predicted salary is between 56700 - 69300 £ per year.
Who are we? We’re a specialist employee benefits provider, striving to create healthy, happy workplaces. As part of the international Unum Group, we’re on a collective mission to help the working world thrive.
The role
- Lead the setting of central pricing bases and agree product terms across Unum’s Group Income Protection, Group Life, Group Dependants and Group Critical Illness products.
- Own and deliver pricing reviews, annual experience investigations, and recommendations for changes to pricing assumptions, ensuring appropriate peer and risk reviews are completed.
- Monitor emerging risk trends, new money rates, expenses and cost of capital, recommending pricing adjustments where needed to keep our approach commercially robust and within risk appetite.
- Play a key role in pricing governance, preparing clear reports and presenting recommendations to senior forums including the Pricing Governance Group, Strategic Revenue Price Group and other committees.
- Work closely with key partners across Financial Underwriting, Distribution, Marketing and DT&T, helping to translate pricing insight into practical commercial decisions.
- Consider the impact of pricing recommendations on vulnerable customers, fair value, Conduct Risk, Consumer Duty and wider Solvency II governance requirements.
- Maintain strong controls across pricing processes, while proactively identifying opportunities to improve ways of working within the team.
- Support pricing and risk selection strategic initiatives, helping shape the future direction of pricing capability across the business.
- Provide line management, technical guidance and coaching to actuarial students and newly qualified actuaries, supporting their development and contribution to the team.
What will you bring?
- You’ll be a qualified actuary with strong post-qualification experience, ideally gained within life, health or protection insurance.
- You’ll bring strong pricing experience, with the technical confidence to review assumptions, investigate experience and make sound recommendations in a complex commercial environment.
- You’ll have a degree-level education, ideally 2:1 or above, in a subject with significant mathematical or statistical content.
- You’ll be highly numerate, comfortable working with data and pricing models, and confident using IT tools to support analysis and decision-making.
- You’ll have excellent communication and stakeholder management skills, with the ability to produce clear, concise reports and present technical recommendations to senior audiences.
- You’ll be able to balance technical rigour with commercial judgement, managing competing priorities and delivering high-quality work under pressure.
- You’ll bring curiosity and external market awareness, applying new ideas and industry insight to help improve pricing approaches and business outcomes.
- You’ll have the leadership capability to coach, guide and develop actuarial colleagues, supporting both technical growth and career progression.
Location: Hybrid working. 3 days in office, 2 days from home. From office locations in Dorking, London or Basingstoke. (Dorking location preferred for office days)
Benefits:
- Bonus
- Pension
- Life assurance
- Income protection
- Private medical insurance
- Health and wellbeing support
- Holiday allowance
- Electric vehicle scheme
Why join us? At Unum, we’ve created a workplace where people feel supported to progress and grow, and can see their ambitions coming to life.
As a part of our commitment to creating an inclusive workplace, we actively encourage applications from those with disabilities and those with long-term health conditions. If you meet the essential criteria for the role and choose to opt in to the scheme during your application, you will be offered an interview under the Disability Confident Scheme. If you need assistance and/or reasonable accommodation due to a disability during the application or recruiting process, please send a request to careers@unum.co.uk.
We are proud to be a Disability Confident Employer.
Company: Unum UK
Senior Actuarial Manager, Pricing in Dorking employer: Unum Group
At Unum UK, we pride ourselves on being an excellent employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and professional growth. As a Customer Engagement Executive in our Dorking office, you'll enjoy competitive salaries, generous benefits, and the opportunity to collaborate with experienced marketing professionals while contributing to innovative campaigns that make a real impact. Join us to accelerate your career in a dynamic environment where your ideas are valued and your development is nurtured.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Manager, Pricing in Dorking
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Unum Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Unum Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Actuarial Manager, Pricing in Dorking
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 Unum Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Unum Group. 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 Unum Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Unum Group 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 Unum Group, 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 Unum Group'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.
