Senior Actuarial Manager, Pricing

In this role you will consider the impact of pricing recommendations on vulnerable customers, fair value, Conduct Risk, Consumer Duty and wider Solvency II governance requirements. You will also maintain strong controls across pricing processes, while proactively identifying opportunities to improve ways of working within the team

• Location: Dorking/London
• Category: Life Actuarial
• Type: Permanent

Key responsibilities including but not limited to the following:

• You will lead the setting of central pricing bases and agree product terms across 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 their 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
• You’ll have a degree-level education, ideally 2:1 or above, in a subject with significant mathematical or statistical content
• 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 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